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Laxman Pai, Opalesque Asia:

European real assets manager Patrizia is set to acquire infrastructure manager Whitehelm Capital and the combination of the two businesses creating an asset manager with more than €50bn in assets under management.

According to a press release from the global real assets investment firm, the transaction will broaden its investments to include themes such as digital infrastructure, energy transition, water and environmental services, and social infrastructure.

"Whitehelm's product offering and investment expertise will significantly broaden Patrizia's portfolio of investment solutions with a particular focus on smart cities & digital infrastructure, de-carbonization & energy transition, water, and environmental services, and social infrastructure, across equity, debt, and public listed infrastructure investments," it explained.

The acquisition will triple Patrizia's infrastructure AUM to circa EUR 5bn and Patrizia is aiming to grow the segment in the mid-term to EUR 15 to 20bn.

With more than 60 investment specialists in Australia and Europe and a track record of more than 100 infrastructure investments, Whitehelm has achieved for its clients an Internal Rate of Return (IRR) of 11.9% for global core infrastructure investments since inception, the release said. Whitehelm's investment clients are predominantly pension funds located in APAC and Europe.

According to the release, with offices in Sydney, Canberra, and London, Whitehelm ......................

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