Idex has received the “Connect Award”, thanks to its strategy with respect to digital transformation, smart metering and connected technologies.
Cube Infrastructure Managers is pleased to announce the first closing, on September 13, 2016 of Cube Infrastructure Fund II, securing a total of € 358.5 million in capital commitments. The European Investment Bank is contributing €100 million to Cube II under the Juncker Plan to support the Fund Manager’s “Buy-Grow-&-Hold” investment strategy, citing the team’s high Environment, Social and Governance (ESG) standards as being one of the attributes that first brought the opportunity to their notice.
Covage has entered into a Share Purchase Agreement on July 19, 2016 to acquire Tutor, an independent French operator of neutral fiber optic network. Through this acquisition, Covage is positioning itself as the leading neutral fiber optic network operator in France, with a potential consolidated addressable market of ca. 1,085 000 homes and 120,000 business sites.
In 2015, Cube Infrastructure’s Public Transport Platform (Germany, Belgium, and Norway) posted € 979 million of Revenues and € 146 million of EBITDA*. This represents a 24% increase in revenues and 37% increase in EBITDA* compared to 2014. Since acquisitions the increase was respectively 41% and 54%.
On December 22, 2015, the management team of Cube Infrastructure Managers acquired from Natixis Global Asset Management all the outstanding shares it owned in Cube IM. As a result of this management buy-out, the management team now owns 100% of Cube IM.
Despite the number of risks associated with investing in infrastructure, Cube Infrastructure CEO and managing partner Renaud De Matharel says the returns still remain attractive.