Infracapital and AMP Capital exits Adven
September 24, 2020
Last week, NKP reported that the infrastructure funds AMP and Infracapital were closing in on an exit in the Finnish energy company Adven Group. Originally acquired from EQT in 2016, Adven has now been sold to institutional investors advised by J.P. Morgan. Operating in Finland, Sweden and Estonia, Adven delivered 2019 revenues of EUR 216m and has 400 FTEs. The purchase price has not been disclosed. Law firm White & Case advised the institutional infrastructure investors on the transaction.
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