Infracapital has sold its approximately 74% stake in Eteck Energie Bedrijven B.V. to Partners Group, marking a strategic exit that positions Eteck for further growth in the Netherlands' evolving energy market.

Information on the Target

Infracapital, the infrastructure equity investment arm of M&G Plc, has finalized the sale of its approximately 74% stake in Eteck Energie Bedrijven B.V. ("Eteck") to Partners Group, a leading global private markets firm representing its clients. Eteck stands out as the market leader in providing decentralized energy solutions, specializing in the deployment of heating and cooling systems for residential and commercial properties throughout the Netherlands. The company is recognized as the fastest-growing heat provider in the region with the largest and most diversified portfolio of Seasonal Thermal Energy Storage ("STES"), playing a pivotal role in the country's energy transition.

Since acquiring a majority stake in 2017, Infracapital has significantly invested in Eteck to solidify its position at the forefront of the Dutch energy landscape, thereby unlocking further growth potential. Under Infracapital's stewardship, Eteck has expanded its operations to encompass over 100,000 home equivalent connections through more than 350 projects and approximately 900 B2B connections, effectively contributing to the Netherlands' ambitious decarbonization objectives. The investment strategy undertaken by Infracapital through Infracapital Partners II ("ICP II") focuses on sustainable investments in essential brownfield infrastructure to address the evolving demands of society and promote long-term economic growth throughout Europe.

Industry Overview in the Netherlands

The energy sector in the Netherlands is undergoing a significant transformation, driven by the urgent need to achieve climate goals and reduce carbon emissions. The Dutch government is committed to an ambitious plan aimed at transitioning to rene