Infracapital has sold its 74% stake in Eteck Energie Bedrijven B.V. to Partners Group, strengthening the latter's position in the decentralized energy solutions market in the Netherlands.

Information on the Target

Infracapital, the infrastructure equity investment division of M&G Plc, has reached an agreement to sell its approximately 74% stake in Eteck Energie Bedrijven B.V. ("Eteck") to Partners Group, a leading firm in the global private markets sector, on behalf of its clients. Eteck is recognized as the market leader in decentralized energy solutions, specializing in the deployment of heating and cooling systems for both residential and commercial properties throughout the Netherlands. As the fastest-growing heating company in the region, Eteck boasts the largest and most diversified Seasonal Thermal Energy Storage ("STES") portfolio in the Netherlands, playing a vital role in the country's energy transition initiatives.

Infracapital originally acquired a majority stake in Eteck in 2017 and has made substantial investments to position the company at the forefront of the Dutch energy transition, identifying considerable growth opportunities. Key accomplishments during Infracapital’s ownership include expanding the business to over 100,000 home-equivalent connections across more than 350 projects and approximately 900 business-to-business connections, all while contributing positively to the Netherlands’ ambitious decarbonization targets. Additionally, investments in Eteck's operational capabilities have enabled enhanced management of its existing portfolio and primed the company for its next growth phase.

Industry Overview in the Netherlands

The energy sector in the Netherlands is undergoing a significant shift, fueled by strict climate goals set by the government and a strong commitment to decarbonization. The country aims to become climate-neutral by 2050, with significant re