Interogo Holding adds Adapteo to its Infrastructure portfolio
IH Infrastructure Advisors announces that a minority investment in Adapteo has been added to the infrastructure portfolio of Interogo Holding.
Adapteo, a leading provider of flexible, reusable modular space, was added to the infrastructure portfolio, advised by IH Infrastructure Advisors. IH Infrastructure Advisors is responsible for the infrastructure investment strategy of Interogo Holding, focusing on holdings in infrastructure companies providing essential services to society and which are recession resilient and have stable cash flows.
We are excited to welcome Adapteo to the portfolio. The social infrastructure and modular space sector is one that we like and know well. Adapteo shows strong infrastructure characteristics, derived from its contracted business model catered towards customers in the essential social infrastructure sector. Adapteo has a strong reputation in Northern Europe, a superior track record of growth and is an undisputed ESG leader within its industry. We welcome the partnership with the company and the Goldman Sachs Asset Management Infrastructure business in supporting the continued growth of the business”, says Constantin Dogos-Docovitch, Head of IH Infrastructure Advisors.
About the transaction
The minority investment in Adapteo is in partnership with the Goldman Sachs Asset Management Infrastructure business.
This follows a recommended cash offer on 17th of May by Palace Bidco Oy to the shareholders of Adapteo Plc of SEK 165 per share
Adapteo is a leading provider of flexible, reusable modular space rental solutions to the social infrastructure and offices sectors in Northern Europe. Adapteo primarily rents adaptable buildings for schools, daycare centres, elderly care, offices, accommodation and events. With its adaptable buildings, customers can transform, repurpose, scale up/down buildings in a matter of weeks by using modular and circular building concepts. Adapteo operates in Sweden, Finland, Norway, Denmark, Germany, Belgium and the Netherlands. A high share of Adapteo’s revenue is recurring by nature, and rental revenue is generated by rental contracts with primarily public sector customers.
For additional information about the transaction, please visit:
About IH Infrastructure Advisors
IH Infrastructure Advisors is the infrastructure investment team of the Interogo Holding group and was established in 2020. IH Infrastructure Advisors targets direct investments, mainly in Europe, across the infrastructure sector. The strategy is to acquire holdings in infrastructure companies that provide essential services to society, are recession resilient, and offer downside protection through stable and predictable cash flows. The infrastructure investments are managed by Inter Fund Management and advised by IH Infrastructure Advisors.
Our owner, Interogo Holding, is a foundation-owned investment group. Investment strategies include private and long-term equities, real estate, infrastructure, and liquid assets. Please read more about Interogo Holding and IH Infrastructure Advisors AG at www.interogoholding.com.