The Spanish investor in infrastructures targets 8-10 European assets with a median value of 25 – 30 million
Spain’s infrastructure investor Serena Infra II SCA SICAV-RAIF, a vehicle that Serena Industrial Partners manages, attracted 75 million euros from The European Investment Fund (EIF), part of the European Investment Bank (EIB).
Serena Infra II set a fundraising target of 250 million for investing in early-stage projects for sustainable mobility, water, social or digital infrastructure, and energy transition (biogas, biomass or efficiency). The paneuropean fund aims to build a portfolio of 8 – 10 assets with a median expense of 25-30 million (press release).
Serena Industrial Partners also said that such a deal will boost the fund’s new investments in Italy, a strategic market in which it already owns a relevant portfolio of assets in the areas of mobility, environmental and social infrastructure (press release).
In November 2024, Serena Infra II acquired 33% of Longitude Holding, the owner of railway company Arenaways which competes with Trenitalia and Italo – NTV. Renfe Proyectos Internacionales, a subsidiary of Renfe (a firm of Spain’s Ministry of Transport and Sustainable Mobility) coinvested in the transaction (see here a previous post by BeBeez).
Sources say to BeBeez that Serena set a pipeline for its Italian investments.
Marjut Falkstedt, the ceo of EIF, said: “The EIF promotes investment in sustainable transport infrastructure and energy transition through the operation with Serena Infra II. These elements are essential for the migration to a low-carbon economy.”
“The EIF investment highlights Serena’s work as a manager investing in sustainable infrastructure projects that are essential for society, generate long-term value and foster more resilient economies.”, Serena’s managing partner Joaquin Camacho pointed out.
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