3i Infrastructure has completed its investment in renewable development and operating company Valorem.
3i Infrastructure has invested EUR57 million to acquire its 28.5 per cent interest in the French business and to fund the company’s pipeline.
3i Infrastructure acquired its interest from FCPR Capenergie, a fund managed by Omnes Capital, and other minority shareholders.
It has also committed to invest a further EUR12 million over the next three years with a view to increase the company’s owned installed capacity.
The transaction was announced on 14 July.
