The Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) has completed the acquisition of Condor Ferries, an operator of lifeline freight and passenger ferry services between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France.
The acquisition was made in consortium with French ferry operator Brittany Ferries, which has a minority stake.
Condor Ferries has been acquired from Macquarie European Infrastructure Fund II, which is managed by Macquarie Infrastructure and Real Assets (MIRA). Columbia Threadneedle, Brittany Ferries, and Macquarrie had earlier entered into an agreement regarding the acquisition in November 2019.
Heiko Schupp, Global Head of Infrastructure Investments at Columbia Threadneedle Investments, said that Condor Ferries is the first investment of ESIF, an open-ended fund that invests in European mid-market equity assets.