Cube, through Cube Infrastructure Fund III, agrees to acquire a majority stake in GleSYS, a Nordic data centre operator providing digital infrastructure solutions.
Energy transition is now a cross-sector investment theme rather than a siloed asset class, says Saket Trivedi, partner at Cube Infrastructure Managers.
Since January 1st, Lacroix & Savac has been operating 51 bus routes in the agglomeration of Saint-Quentin-en-Yvelines, thanks to Francilité SQY, its subsidiary which was specifically launched for these routes. The Lacroix & Savac Group was selected over three world-class competitors, primarily for the social aspects of its proposal.
Kople, a Cube II portfolio company, acquires eRoute71, Bellona's EV charging network of more than 20 sites
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Cube is pleased to announce that it has completed the acquisition of MVV Energie CZ a.s., a leading operator of district heating networks in Czech Republic, through its Cube Infrastructure Fund III.
Cube's Connecting Europe Broadband Fund (CEBF) is pleased to announce its investment in a promising wholesale fiber-to-the-home (FTTH) / fiber-to-the-office (FTTO) project operated by ClioFiber in Italy.
Cube's Connecting Europe Broadband Fund (CEBF) is pleased to announce its investment in a promising fibre-to-the-home (FTTH) project in Finland operated by Fibernet, a new wholesale FTTH operator.
Cube, through Cube Infrastructure Fund III, has agreed to acquire a 70% stake in Austrian temperature-controlled logistics operator Müller Transporte
European climate ambitions and supportive legislation are boosting appetite for green transportation across the continent, say Cube Infrastructure Managers’ Brice Masselot and Ambroise Bayen
Sepur, a Cube III portfolio company, expands in the East of France by acquiring ECT Collecte
Cube agrees to acquire Frankfurt-based data centre business ‘firstcolo’ from EMERAM Capital Partners and diva-e. The acquisition is made by Cube Infrastructure Fund III.
Infrastructure Investor roundtable
Umove A/S, the leading line bus operator in Denmark, was recently awarded approximately half of the Movia A21 public tender for bus operations in the Greater Copenhagen area.
The energy group MVV Energie CZ provides services to customers in 15 cities and is among the leading producers and distributors of heat in the Czech Republic.
Île-de-France Mobilités, has decided to award the operation of bus lines in Saint-Quentin-en-Yvelines to Groupement Lacroix & Savac.
The partnership provides British Gas engineers with direct access to Osprey’s nationwide network of over 300 rapid charging stations throughout the UK
Cube Infrastructre Managers has agreed to acquire a majority stake in Dispam, a French temperature-controlled logistics operator active in the agri-food space
Bergkvarabuss (Mekka Traffic), announces that it has reached an agreement with Pegroco Transportation Holding to acquire all of its shares in Stockholms Spårvägar.
Group Lacroix & Savac (CFTR), regional mobility operator in Île-de-France and Go-Ahead, international mobility operator, notably established in Greater London, have entered a strategic partnership to explore opportunities to bid together for public transport contracts in and around Paris.
Renaud de Matharel and Hervé Touati explore how to achieve attractive returns in the next phase of the energy transition.
Acquisition of a leading French municipal waste collection operator
Cube Infrastructure Managers and Ringerikskraft announce a major partnership in Nordic EV charging infrastructure
CFTR continues its development in the Auvergne-Rhône-Alpes region with the acquisition of Autocars Maisonneuve
The sale of Cube Hydro Power, including RPIP, concludes the successful divestment program of Cube Infrastructure Fund’s portfolio.
European infrastructure managers share their hopes for the legacy of the latest global summit on climate change
Copyright ©2021 by Institutional Real Estate, Inc. Material may not be reproduced in whole or in part without the express written permission of the publisher.
Copyright ©2021 by Institutional Real Estate, Inc. Material may not be reproduced in whole or in part without the express written permission of the publisher.
Keynote interview with Aurelien Roelens at Cube IM, Infrastructure Investor
Cube Infrastructure Managers’ (Cube) Connecting Europe Broadband Fund (CEBF) is pleased to announce that it has invested in a promising fibre-to-the-home (FTTH) project operated by ASTEO Red Neutra, a new wholesale FTTH operator.
Cube III acquires a majority stake in Stations-e, a smart infrastructure operator in France combining electric vehicle charging points with wireless telecom infrastructure.
Cube Infrastructure Managers (Cube), a leading infrastructure investment manager, announces it has successfully reached the first close of its third and largest flagship fund Cube Infrastructure Fund III (Cube III), with total commitments of €1.0 billion, accounting for more than 65% of its €1.5 billion target.
Copyright ©2021 by Institutional Real Estate, Inc. Material may not be reproduced in whole or in part without the express written permission of the publisher. Sponsored interview with Renaud de Matharel, CEO & Managing Partner, Cube IM
Cube Infrastructure Managers closes its Connecting Europe Broadband Fund at €555 million
2021 Digital Infra Report (Infrastructure Investor)
Growing high-quality infra companies through the energy transition
CEBF announces its first investment in Czech Republic
European Fund Management Roundtable (Infrastructure Investor)
Cube has invested in G.Network over the past two years extending its network to cover over 150,000 premises in central London and will remain as co-controlling shareholder alongside USS jointly to develop further G.Network.
Cube Infrastructure Managers announces today the completion of the sale of its 50% stake in Covage to SFR FTTH Network, a company owned by Altice, OMERS, Allianz Capital Partners and AXA Investment Managers-Real Assets on behalf of its clients.
Cube Infrastructure Managers announces the completion of Cube Infrastructure Fund’s sale of its 49% stake in Netinera to its coshareholder Trenitalia, which becomes sole shareholder of the Company.
Investing in midsize infra and helping it grow in the fast-moving current of megatrends: climate change, urbanization and digital disruptions (IREI interview)
Connecting Europe Broadband Fund (CEBF) will invest in Rodin Group to enable the deployment of a high-quality fiber-to-the-home (FTTH), open-access network for residential and business users in the less dense areas of the Province of Groningen.
Connecting Europe Broadband Fund is pleased to announce three new investments in Spain, Italy and Czech Republic.
Cube Infrastructure Fund II acquires Heliot Europe and Sigfox Germany, with the target to create the leading Internet of Things infrastructure network operator and exclusive Sigfox Operator in Germany, Austria, Switzerland and Liechtenstein.
Connecting Europe Broadband Fund announces FTTH OAN Project investment in Lazio region in Italy
Engenie, one of the UK’s largest rapid electric vehicle charging networks has begun the internal process of re-naming to ‘Osprey’ as it gears up for rapid expansion to meet the demand of a burgeoning EV mass market.
Infrastructure Investor interviews Izzet Güney
Engenie, Cube Infrastructure Fund II’s EV charging infrastructure company in the UK, will develop London’s first rapid charging hub in partnership with Transport for London
Infrastructure investor's European fund manager roundtable
Cube Infrastructure Fund to exit fiber operator Covage after 8 years of outstanding growth
With a large fleet of clean buses and coaches (CNG and electric), Savac is actively pursuing its eco-mobility policy by now operating the first hydrogen buses in France.
Varanger Kraft and Cube’s partnership for the Raggovidda wind farm reaches closing.
Launched in 2013 with the objective of developing a leading network of electro-mobility charging solutions across the public space in the UK, Engenie is today one of the UK’s fastest growing electric vehicle rapid charging networks.
Cube Infratsructure Managers are pleased to announce the final close of Cube Infrastructure Fund II at €1,043 million. The fund will continue the successfully investment strategy of our predecessor fund, Cube Infrastructure Fund, focusing on investments in essential and local infrastructure notably in sectors such as energy transition, fiber communication and public transport.
Cube Infrastructure Fund and Gimv today announce the sale of Hansea to a fund managed by DWS (“DWS”), a global infrastructure manager. With the support of its investors, the company has focused on organic growth and an active buy & grow strategy since 2014.
The RuNe Project in Slovenia will provide open-access network for residential, business and public administration in the rural areas of Slovenia with a target to cover over 240,000 locations.
Henri Piganeau and Izzet Güney, of Cube Infrastructure Managers’ Connecting Europe Broadband Fund, highlight the opportunity presented by fibre optic roll-out in European rural areas
Institutional Investing in Infrastructure interview with Aurélien Roelens
Connecting Europe Broadband Fund (“CEBF”) announced today that it has signed a transaction with Vahta d.o.o. (Slovenia) and 3T Cable d.o.o. (Croatia) to set up RuNe Group (Luxembourg)
Odeg, a subsidiary of Netinera, has been awarded the operation of the Elbe-Spree network - a key regional railway line in Germany.
The financing, provided by HSH Nordbank, is the first broadband project financing in Portugal in low density population areas
Institutional Investing in Infrastructure interview with Renaud de Matharel
G.Network Communications Ltd (“G.Network”), Albion Capital LLP (“Albion”) and Cube Infrastructure Managers (“Cube IM”) are pleased to announce that G.Network and Albion have closed an agreement with Cube Infrastructure Fund II (“Cube II”), whereby Cube II is providing an initial GBP60 million of additional funding to G.Network.
Cube is very proud to announce the completion of the sale of Idex to Antin that took place on August 8, 2018.
Cube acquires Groupe Lacroix, the leading privately owned public transport bus operator in the greater Paris region.
The Connecting Europe Broadband Fund is a fund fully dedicated to broadband infrastructure managed by Cube Infrastructure Managers and launched by the European Commission, the European Investment Bank, the German KfW Bankengruppe, the Italian Cassa depositi e prestiti and France’s Caisse des Dépôts et Consignations.
"We are delighted to have entered into exclusivity with Antin, who share the same vision for Idex and recognise the full growth potential of the Company. We believe that Idex will continue to flourish in the coming years thanks to the support of Antin and the leadership of its CEO and management team"
Cube Infrastructure Fund (“Cube”) has entered into an agreement with Everbright Overseas Infrastructure Investment Fund (“Everbright”), a fund sponsored and managed by Hong Kong listed cross-border asset management and investment company China Everbright Limited (“CEL”) (HKG:0165), to sell Boreal Holding AS (“Boreal”). The management team will remain with Boreal.
Through this partnership, dst group's telecommunications business unit (“dst telecomunicações”, the “company”) reinforce its capital structure and will be in a position to cover 500,000 houses by the beginning of 2020, including 30 additional municipalities
Covage announces one of France’s largest project financings for FTTH deployment, involving a €183 million non-recourse senior loan
The development of the project includes investment over €350 million to finance the deployment of fiber to 255,000 households and businesses in the next five years.
The infrastructure operator Covage has today signed a public service concession contract for deployment and marketing of optical fibre broadband in the Hérault areas not covered by private superfast broadband operators. This partnership is the result of two years of studies and negotiations conducted by the Hérault Department to find an optimal solution to the challenges of a genuine public service. An initiative welcomed by Antoine Darodes, Director of the Digital Agency, present at the signing. Hérault
The signing of a concessionary public service O&M agreement on 1 February between Essonne Numérique and Covage, in partnership with Orange and the Caisse des Dépôts, in the presence of Julien Denormandie, Secretary of State to the Minister of Territorial Cohesion, Valérie Pécresse, President of the Ile-de-France Regional Council, and François Durovray, President of the Essonne Departmental Council, reflects the sheer scale of this ambitious project and the expected benefits for both the department and region.
Cube partners with the management of Mekka Traffic AB / Bergkvarabuss AB and acquires 60% of the company
dst group and Cube partner in telecommunications infrastructure, the partnership will further enhance dst’s strong willingness to continue the investment program in Portugal with the target to increase the house coverage by 50%, and it will also provide opportunities for international expansion.
The French regulator of telecoms, Arcep, advocates for a re-distribution between telecom operators of the broadband internet coverage of cities and semi-dense territories. Covage believes it has a role to play.
Les investisseurs ne peuvent plus agir sans tenir compte des enjeux Environnementaux, Sociaux et de Gouvernance (ESG). Les acteurs de la finance sont de plus en plus nombreux à embrasser et partager cette assertion et nous ne pouvons que nous réjouir de ce constat. Ainsi en l’espace de quelques années les pratiques d’investissement responsable se sont incontestablement propagées et se sont manifestées par de multiples et parfois nouvelles expressions. La vitesse à laquelle l’investissement responsable s’est diffusé et a modifié les pratiques ces dernières années est saisissante.
At present, 32 arbitrations have been filed by foreign investors against Spain in different international organizations. The most recent arbitration resolved in ICSID was favorable to the applicant and the court sentenced Spain last May to a fine of 128 million euros, plus interest, for the damages that the cut of premiums caused to three solar plants of the investment fund Eiser Infrastructure. Spain may have to face compensation that would add up to $ 7 billion if the coming arbitration cases follow this path.
Paris, 21 September 2017 - Bouygues Telecom and Covage announce the signing of a framework agreement enabling Bouygues Telecom to provide its offerings on the Public Initiative Networks (PIN) managed by Covage.
The high-speed broadband infrastructure operator announces significantly positive results for 2016. The Tutor acquisition enables Covage to become the independent and neutral national leader in Public Initiative Networks (PIN), providing fiber services to 1.6 million homes and businesses.
Amid a burgeoning need for faster digital infrastructure across Europe, Cube Infrastructure managing partner Henri Piganeau talks about how the sector fits into its strategy and sheds light on the €500m fund it is managing for the EIB and the European Commission
Extrait de la revue Hommes et Commerce n° 377 mars-avril 2017
Cube Infrastructure Fund II joins forces with the senior management team and acquires 85% of the company.
Covage signs the acquisition of the Hauts-de-Seine network.
Netinera has successfully won, through its wholly owned subsidiary vlexx, a significant regional rail tender in Saar region. The contract will start in 2019, with a duration of 15 years. Cube's Management Team is very proud of Netinera's management's achievement in winning this contract.
On December 16, Covage closed the acquisition of 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.
The European Commission and the European Investment Bank (EIB) announce today their plans to launch a fund for broadband infrastructure – the Connecting Europe Broadband Fund. This fund, which will lead to an investment platform combining private and public commitments. Cube Infrastructure Managers has been selected as the approved applicant to manage the Fund through a public procurement process carried out by the EIB over the summer of 2016. The operational launch of the Fund is expected to take place mid-2017.
Grand Lyon fiber concession : Set up of a 15-milllion euro financing.
ESG & Infrastructure - challenge and opportunity. Thierry Franck de Préaumont, General Manager Idex, is giving his view on implementing and working on a daily basis with ESG.
Idex has received the "Connect Award", thanks to its strategy with respect to digital transformation, smart metering and connected technologies.
Covage will deploy fibe optic to the "Lille métropole". The adressable market includes 32,000 business sites and close to 2,000 public administration sites.
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.
"The organization and the financial contribution to the fiber deployment in France is unique" (Renaud de Matharel, CEO & Managing Partner, Cube Infrastructure Managers)
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.
AltAssets - Interview with Renaud de Matharel
Covage was awarded the public initiative network concession "Seine-et-Marne" in 2014. Covage will be responsible for building a backhaul, connecting homes (adressable market 320,000 homes) and operating the entire nework for the next 25 years. This constitutes a major landmark achievement for Covage, the Seine-et-Marne network being the largets ever attributed in France.
After seven years of continuous growth and development of the company, we made the decision with the founders of IslaLink to let the company open a new chapter to support its development. We are extremely pleased with the headway achieved by IslaLink with the support of Cube during those years and we are confident that under EQT control, IslaLink will continue its growth for the satisfaction of its clients.
Cube Infrastructure has acquired French energy and environmental services company Idex from European private equity firm IK Investment Partners (IK). Idex is based near Paris and is described by IK as “France’s largest independent energy and environmental services company”,
Cube’s purchase of Renewable Power International (RPI), brings with it 10 mini-hydropower plants in Spain and seven in Portugal with a combined installed capacity of 85 megawatts. Cube’s partners in the acquisition were independent fund manager Demeter Partners, the members of RPI’s management team, and two family offices in Spain: Minicentrales, which specialises in renewables; and Ovec, a company active in real estate and renewables.
RPI is an independent power producer with more than 25 years experience in renewableenergies with special know-how in small hydro project development and operation in the Iberian market. With its new shareholders led by Cube Infrastructure Fund, RPI has the necessary funding to realize its development strategy focused on the Iberian market and developing renewable energy projects.
Cube Infrastructure Fund has acquired a 50% stake in Covage from VINCI. Covage was founded in 2006 and has since established a 3,700-kilometre fibre optic network across France. It also operates a submarine cable between Corsica and mainland France. Covage’s customers include a variety of national, regional and international broadband and data service providers.
“The Cube investment is an important step in Covage’s evolution as a growing operating company."
French infrastructure fund Cube Infrastructure has acquired the French division of Neolectra Group, an independent power producer with assets in France and Spain.
French infrastructure fund Cube Infrastructure and Italian railway operator Ferrovie dello Stato have acquired Arriva Deutschland, Germany’s second-largest private regional transport operator, owned by Deutsche Bahn.
A consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure has been selected to acquire the German business activities of the Arriva Group. Through this acquisition, the consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure captures a relevant 5% market share with the objective to further develop the business on the buoyant German public transport market.
Infrastructure Investor - Interview Renaud de Matharel
Following another fund-raising exercise closed on July 1, 2010, the Cube Infrastructure fund lifted total capital invested in the fund to €1.08 billion, in excess of its €1 billion initial target.