Amber Infrastructure Group (‘Amber’), the specialist international infrastructure investment manager, is pleased to announce that funds under its management have signed an agreement to acquire a majority stake in Service Terminal Rotterdam (‘STR’), a fully-contracted 242,000m3 marine fuel blending and storage terminal in Rotterdam. Investing alongside funds managed by Amber is Access Capital Partners (‘Access’); Amber and Access have together acquired all of the issued share capital of STR.
Rotterdam, the busiest port in Europe, offers proximity to end customers as well as connectivity to the wider Amsterdam-Rotterdam-Antwerp (‘ARA’) region, a concentration of refining, trading and industrial capacity, and the location for the calculation of key petrochemical benchmark prices.
As a modern terminal designed for blending fuels, STR is particularly well-equipped to react to changing regulation, such as the recent International Maritime Organisation-mandated reductions to the amount of sulphur that is allowed in marine fuels that took effect in January 2020. Marine fuels remain critical to global maritime traffic, with no near term technological alternatives to their use.
Amanda Woods, Chief Investment Officer of Amber, said: “We are delighted to announce the acquisition of STR. As a modern and flexible terminal in the centre of the Port of Rotterdam, the busiest port in Europe, STR is specialised in the blending and storage of low and ultra-low sulphur marine fuels on behalf of its customers. We look forward to working with STR’s management and our partner, Access, to help drive the adoption of these lower-emission fuels.”
Manish Pandey, Co-head of Infrastructure at Access, said: “Contracted midstream energy infrastructure investments such as STR continue to offer investors exposure to attractive risk adjusted returns and annual cash yield. We are pleased to have partnered with Amber on this investment in the heart of the ARA trading hub.”
For further information:
+44 (0)20 7939 0558
|+44 (0)20 7939 8011|
About Amber Infrastructure Group
Amber Infrastructure ('Amber') is an international infrastructure specialist, focused on investment origination, development, asset management and in Europe, fund management. Amber’s core business focuses on infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Amber is headquartered in London with offices in Europe, North America and Australia and employs over 130 infrastructure professionals.
About Access Capital Partners
Access Capital Partners (‘Access’) is an asset manager specialized in European private assets with €11bn under management and offices in France, Germany, the United Kingdom, Benelux and the Nordic Countries. Its products and services encompass buy-out, infrastructure and private debt. Access is a privately held company, majority owned by its partners. As part of its investment strategy, Access focuses on investment in infrastructure funds and assets for its co-mingled funds and mandates. Its current AUM in the infrastructure asset class stands at c. €2.2bn.