JSE-listed infrastructure fund seeks capital for next acquisitions
JSE-listed infrastructure investment holding company GAIA Infrastructure Capital has appetite for further funds for investments into energy, transport, as well as water and sanitation assets.
CEO Prudence Lebina tells Engineering News that the company, which invests only in operational assets, has already identified suitable targets across all three sectors and is aiming to finalise at least one transaction before the end of this year.
In late 2016, the company completed its first transaction since listing in November 2015 when it acquired a 25.2% stake in the Dorper Wind Farm, in the Eastern Cape, for R501-million. The acquisition enabled GAIA to transfer its listing from that of a ‘Special Purpose Acquisition Company’ to the ‘Investment Services’ sector of the Johannesburg bourse.
Lebina, who is a chartered accountant by profession and has extensive corporate finance experience in mining, energy and banking, says it is premature to comment on how much the company could raise this year. However, she confirms that there is investor appetite for the lower risk and stable return proposition offered by GAIA.
“By participating in the secondary infrastructure market, our objective is to provide investors with predictable and inflation-linked returns,” she explains, adding that the company targets investment returns of at least 6% above consumer price inflation.
CapitalGAIA’s investments also make it possible for asset owners and project developers to “monetise” their investments and to deploy that capital on future projects.
The company has identified a significant deal pipeline across water and sanitation, transport and energy and is also at an advanced stage of negotiations with some asset owners.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
