Antin’s inaugural mid cap fund entered into a sustainability-linked equity bridge facility

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Antin’s inaugural mid cap fund entered into a sustainability-linked equity bridge facility

Antin Infrastructure Partners, one of the world’s leading infrastructure investment firms, announced in June 2021 that it has successfully closed its first dedicated mid cap fund, significantly exceeding the fund’s €1.5 billion target to reach its hard cap at €2.2 billion ($2.6 billion).

The strategy of the new fund is consistent with the approach underpinning Antin’s prior funds in all aspects, except that it focuses on mid cap opportunities. The fund targets infrastructure investment opportunities in the energy and environment, telecom, transport and social sectors across Europe and North America.

In line with Antin’s Responsible Investment Policy hinging on integrating ESG considerations into the full cycle of its investment process, Antin’s inaugural mid cap fund has entered into an up-to-750 million euros sustainability-linked equity bridge facility.

Natixis accompanied Antin to structure this inaugural sustainability-linked loan, which includes sustainability performance targets (SPTs) to be achieved in the areas of climate change mitigation, occupational health and safety as well as human capital management.

The facility agent will apply a penalty or discount on the margin, depending on the number of KPIs met each year.

Natixis acted as the sole ESG Agent in this transaction as well as the sole Arranger, Agent, Security Agent and Original Lender.