Mubasher: Infracorp, a sustainable infrastructure platform launched by GFH Financial Group, has teamed up with UK-based Equitix to invest in Aurora Infrastructure Oy, a Finnish electricity network.

Through the partnership, Infracorp plans to explore any potential further opportunities with Equitix to co-invest in specific infrastructure projects on a discretionary basis, according to a press release.

Such possible opportunities will boost Infracorp’s global infrastructure investment portfolio in Europe and the Americas across a range of defensive and solid infrastructure sector investments.

Equitix is a leading global investor and long-term fund manager of core infrastructure assets, with more than $11.70 billion of assets under management (AUM).

Furthermore, the UK-based entity is the infrastructure investment division of Tetragon, a wide asset management group that manages $80 billion of assets on behalf of its clients.

Meanwhile, Aurora is one of the biggest industrial electricity distribution networks across the Nordic region. It serves a blue-chip international industrial client base that has pumped over EUR 4.50 billion into the company’s two sites, AKO and ATO, since 2005.

Majed Al Khan, CEO of Infracorp, noted: “Aurora’s electricity distribution network connects its customers’ sites to the main power grid, making them strategic for the European and global value chain in the chemicals and stainless-steel industries.”

Awais Majeed, Executive Director – Private Equity at GFH, said: “In line with our strategy of investing in resilient, [environmental, social, and governance] ESG impact sectors, this transaction marks another investment in a sector that has proven resilient and which we expect to remain relatively immune to economic cycles.”

“We look forward to working with Aurora’s highly experienced management team to continue to enhance the value of its assets and to further improve efficiency for the benefit of all stakeholders,” Majeed added.

Last year, GFH announced plans to add its infrastructure and real estate assets to Infracorp's portfolio in line with its growth strategy across the Gulf and global markets.

In the first nine months (9M) of 2022, the financial group registered net profits attributable to the shareholders worth $66.23 million, up 9.80% from $60.34 million in 9M-21.

It is worth mentioning that besides trading on Dubai Financial Market (DFM), GFH is cross-listed on Abu Dhabi Securities Exchange (ADX), Bahrain Bourse, and Boursa Kuwait.