Hunt Companies, through its wholly-owned subsidiaries, has completed an investment in Amber Infrastructure Group Holdings Limited.
Hunt has acquired a fifty per cent (50%) ownership of the Company with an ability to appoint a majority of directors at the Amber holding company.
The Amber team has sourced, developed and financed more than 125 social infrastructure, transportation, renewable energy and urban redevelopment projects across the UK, Europe, Canada and Australia with a total value exceeding GBP12 billion. The majority of Amber’s projects are public-private partnerships (PPP). Amber also provides management services on more than 80 infrastructure projects in eight countries. The majority of these projects are held in a series of funds managed by a subsidiary, Amber Fund Management Limited. The largest of these funds is International Public Partnerships Limited (INPP), a GBP1.1 billion global infrastructure fund listed on the London Stock Exchange. Amber was formed in 2009 through a management buyout of a global investment and advisory firm’s public-private partnership infrastructure team and portfolio. Amber’s earliest projects date from 1998 and, as long-term investors, Amber and its funds generally expect to retain investments until maturity.
“This is a very important and strategic investment for Hunt,” says Hunt Chief Executive Officer Chris Hunt. “We believe that there are significant public sector infrastructure opportunities in North America as it evolves to become the largest infrastructure market in the developed world. The addition of Amber as a partner with extensive expertise in all facets of infrastructure significantly expands the capabilities to Hunt’s platform.”
Hunt has worked successfully in PPP projects for decades, deploying its development, construction, financing and management resources on behalf of government agency partners. Hunt is a nationally recognised leader in the most successful PPP program in the US, the Military Housing Privatisation Initiative, having completed over 45 PPP projects in 21 states.
“We anticipate the strength of Amber and Hunt as a combined entity will generate enhanced flow of attractive infrastructure investment opportunities in North America,” says Giles Frost, Chief Executive Officer of Amber Infrastructure Group. “There are a number of projects in the US on which we will partner immediately.”
