Strategy

An offering focused on European countries

Antin IP has chosen to invest mainly in non-listed companies focusing on the main infrastructure sectors (transport, energy/environment, telecoms). We have identified considerable potential in the infrastructure needs of European Countries and more specifically continental Europe where it has privileged access to investment projects.

By focusing on European Union countries, Antin Infrastructure Partners represents an attractive alternative to investment funds focused mainly on Anglo-Saxon markets.

Mark Crosbie,
Managing Partner

Diversification of investment by sector

Transport:

Toll roads, tunnels, bridges
Airports
Ports
Urban rail, bus lines
Car parks

Energy & Environment:

Gas storage, LNG terminals
Transmission (pipelines, high-voltage electricity transmission)
Distribution
Generation (non merchant)
Water infrastructure (pipelines & sewage units)
Waste management

Telecom:

GSM towers
ADSL networks
Broadcast networks
Cable networks
Satellites

Diversification

We have drawn up portfolio diversification criteria that enable us to control the main risks inherent in this asset class: currency risk, regulation risk, counterparty risk, etc.

At least 80% of the commitments in Euros
Brownfield projects (mature stage) with an established operational track record. Target of 10 investments € 50m to € 200m

Exhaustive due diligence process

We always carry out due diligence with the help of local experts and specialists.

Extremely strict selection criteria

The Antin IP team has established up very strict investment rules and only studies investments that meet the fund conditions.

Predictable cash flow over the long term with natural or contractual hedges against inflation

Low technology risk
Limited operating risk
Limited refinancing risk
Investments in line with fund strategy (target internal rate of return, size of investment, location etc.)

Cautious assumptions

The performance of investments is assessed on the basis of reasonable and realistic assumptions concerning performance in terms of the business plan, refinancing conditions and exit prospects.

Permanent controls

Controls by the various authorities to which our business is subject (auditors, Compliance and Internal Control Officer, AMF, fund custodian), enable us to ensure that professional ethical standards, internal procedures, fund regulations and professional practices are applied.

Risk control

We do not invest in projects which involve technological or "commercial" risk (associated with developing a clientele in a competitive market e.g. the risk for a mobile operator of developing market share) and/or invest alongside partners which could represent counterparty risk.