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October 4, 2018

Arcus to sell shares in Forth Ports to PSP Investments

Arcus European Infrastructure Fund (Arcus) has agreed to divest its share in Forth Ports to Public Sector Pension Investment Board (PSP Investments) for an undisclosed sum.

Arcus European Infrastructure Fund (Arcus) has agreed to divest its share in Forth Ports to Public Sector Pension Investment Board (PSP Investments) for an undisclosed sum.

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Following the completion of the deal, PSP Investments, which already has shares in Forth Ports, is expected to work with other long-term investors to support the future growth of Forth Ports.

Forth Ports is a dynamic, UK-based multimodal ports owner and operator, with ports serving as logistical gateways across the UK, connecting the UK with Europe and the rest of the world.

Forth Ports, which is based in the UK, currently owns and operates eight commercial ports across the country, including Firth of Forth, Tilbury (London), Grangemouth, Dundee, Rosyth and Leith (Edinburgh), and others.

The port of Tilbury is expected to receive a new terminal, Tilbury 2, while the Port of Dundee primarily serves the offshore wind sector, as well as the North Sea oil and gas decommissioning industry.

“We are now entering the next phase of our journey together, which includes a specific plan to enhance our asset management responsibilities.”

PSP Investments Infrastructure Investments head and managing director Patrick Samson said: “Since PSP’s original investment seven years ago, Forth Ports’ world-class management team has led the company through consistent high performance and growth.

“We are now entering the next phase of our journey together, which includes a specific plan to enhance our asset management responsibilities.

“This plan is being headed by our London-based team under the leadership of Patrick Charbonneau, Managing Director, Infrastructure Investments (Europe).”

PSP Investments is headquartered in Canada and involved in the management of a diversified global portfolio of investments in public financial markets, private equity, real estate, and infrastructure.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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