InfraVia Capital Partners is to sell circa 25 per cent of Aurora Infrastructure Oy (Aurora) to funds managed by Access Capital Partners (Access) and Pantheon Ventures (Pantheon).
With circa 5,000 GWh of electricity distributed each year to industrial clients (6 per cent of Finland’s total electricity consumption), Aurora is a prominent player in the Nordic distribution market. It focuses on providing highly reliable distribution to critical industrial sites such as Röyttä in Tornio (Finland) where it serves Outokumpu’s manufacturing units and Kilpilahti near Porvoo (Finland) where it distributes electricity to the largest chemical concentration in the Nordics, with Neste and Borealis amongst its largest customers.
Aurora was created as a regional platform by InfraVia in 2015 following the successful transition at both RIG Oy (Röyttä Industrial Grid) and KED Oy (Kilpilahti Electricity Distribution) that were respectively acquired in December 2013 and December 2014. “Having Access and Pantheon on board in Aurora illustrates our approach in offering co-investment opportunities to likeminded investors in key portfolio companies. This transaction will also secure Aurora’s access to further capital in order to purse its development strategy in acquiring further industrial networks in the Nordic region,” says Vincent Levita, Founder and CEO of InfraVia Capital Partners.
