Tuesday, October 15, 2019
News
NEWS HOME
»
PRN INDIA
PSP Investments welcomes new investment partners to Forth Ports
  SocialTwist Tell-a-Friend  
   

MONTRÉAL and  MELBOURNE, Australia and  SYDNEY and LONDON, Oct. 11, 2018 /PRNewswire/ -- The Public Sector Pension Investment Board ("PSP Investments") is pleased to announce the closing of the Forth Ports Limited transaction. PSP Investments has sold minority stakes in Forth Ports Limited to long-term investment partners, including GLIL Infrastructure (GLIL), First State Super, and Construction and Building Unions Superannuation (Cbus).

Logo: PSP Investments

Forth Ports is a dynamic, UK-based multimodal ports owner and operator, with ports serving as logistical gateways across the UK, connecting the UK with Europe and the rest of the world. It owns and operates eight commercial ports on the Firth of Forth, the Firth of Tay and the Thames, with strategic positions in Tilbury (London), Grangemouth and Dundee. Tilbury is the site of a major new port terminal, Tilbury 2, while the Port of Dundee is the site of the growing offshore wind sector and North Sea oil and gas decommissioning industries.

"We are very pleased to be partnering with such high-quality global investment firms to deliver on our ambitious expansion and investment programme around the UK," said Charles Hammond, Group Chief Executive of Forth Ports. "This now gives the Group a long term stable shareholding base which will help and support us in implementing our growth strategy. We look forward to continuing our long and stable association with PSP Investments, while at the same time commencing a new partnership with First State Super, Cbus and GLIL."

"Following our acquisition of Arcus European Infrastructure Fund 1 LP's stake in Forth Ports, we are very excited to partner with First State Super, Cbus and GLIL as we commence the next phase of the company's development, led by Forth Ports' stellar management team," said Patrick Samson, Managing Director and Head of Infrastructure Investments, PSP Investments. "We will continue to own a majority of Forth Ports, which will form a core part of our UK infrastructure investments portfolio."

About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with C$153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London. For more information, visit investpsp.com  or follow us on Twitter and LinkedIn.

About GLIL
GLIL Infrastructure LLP (GLIL) is a joint venture between a number of UK Local Government Pension Funds targeting investments in core infrastructure assets predominantly in the UK. The founding partners of GLIL are the pension funds of Greater Manchester, Merseyside, West Yorkshire, who are known collectively as the Northern Pool, and Local Pensions Partnership (LPP) which manages the assets of Berkshire, Lancashire, and London Pensions Fund Authority. GLIL has committed capital of £1.8 billion. Following this acquisition, it has invested over £1 billion into UK infrastructure assets.

About First State Super
First State Super is one of Australia's largest profit-for-member financial services organisations. Our vision is to provide a better future for all Australians. We provide our members with a better financial future through safe and secure superannuation and quality financial advice. The majority of First State Super's members work in education, health, law enforcement, emergency services and other organisations that care for the community. We invest more than A$92 billion (as at 31 August 2018) in funds under management on behalf of more than 800,000 members. We believe that everyone deserves a dignified retirement. Through our wholly-owned financial planning company, StatePlus, we provide high quality, affordable advice for members and all Australians.

About Cbus
Founded in 1984, Cbus is the largest Australian superannuation for people working in the building and construction sector. With over 780,000 members and more than 136,000 employers Cbus is the custodian of over AUD$47 billion of members retirement savings. Since 1984, Cbus has returned an average of 9.29% for members every year. Cbus invests directly back into the construction industry through property and infrastructure, with infrastructure representing more than A$4.5 billion of funds under management. As a profit-to-member fund Cbus' singular focus is improving the quality of our members' retirement.

About Forth Ports
Forth Ports Limited is one of the UK's largest port groups and owns and operates eight commercial ports in the UK – Tilbury on the Thames, Dundee on the Firth of Tay and six on the Firth of Forth – Leith, Grangemouth, Rosyth, Methil, Burntisland and Kirkcaldy. Within and around the Firths of Forth and Tay, Forth Ports manages and operates an area of 280 square miles of navigable waters, including two specialised marine terminals for oil and gas export and provides other marine services, such as towage and conservancy. www.forthports.co.uk @forthports

Logo - https://mma.prnewswire.com/media/767303/PSP_Investments_PSP_Investments_welcomes_new_investment_partners.jpg  

For further information: Media Contacts:   PSP Investments: Verena Garofalo, Phone: +1 (514) 218-3795, Email: media@investpsp.com; Forth Ports: Debbie Johnston, Spreng Thomson, Phone: 0141 548 5191, Email: debbie@sprengthomson.com; Callum Spreng, Spreng Thomson, Phone: 0141 548 5191, Email: callum@sprengthomson.com


More News by PR Newswire India

ZTE launches industry-first 5G+VDSL2 hybrid home gateway

OYO's HR Team Saved 75% At-risk Employees Using inFeedo's Engagement bot, Amber

Ameyo Integrates With Freshworks to Simplify Customer Journey

Nuclear Days 2019 - French Nuclear Industry to Intensify its Operations in Indian Market

Happiest Minds Wins 2019 Red Herring Top 100 Asia Award

The Spielwarenmesse Reveals the Trends for 2020

Xinhua Silk Road: SAIC Motor gains momentum in India with 31,000 orders received by September

CreditVidya Wins the Prestigious 2019 Red Herring Top 100 Asia Award

GCW Global Customised Wealth Announces New Partner: Tim Babich

GTPL Hathway's Consolidated H1 FY20 PAT at ₹ 580 Million, up by 102%

'Where Will Man Take Us?' by Atul Jalan has been Certified a National Bestseller by Penguin Random House India

Tejas Networks Launches World's Largest Disaggregated Packet-optical Switch at India Mobile Congress 2019

Building on Local Momentum: Malaysia's Greater Petaling Joins City Cancer Challenge

Shanghai International Money Fair - one of China's largest financial fairs will be held in December

Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network

RGE Commits US$200 Million to Next-Generation Textile Fibre Innovation and Technology

Medisanté Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
UP govt suspends Maharajganj DM, five ot...
Truck driver from Rajasthan shot and kil...
President to visit Philippines, Japan...
Several NC, PDP leaders to join BJP on T...
Punjab weapons drop may figure in Army C...
Bengal Governor congratulates Abhijit Ba...
More...    
 
 Top Stories
Indian nurses in UAE may lose jobs ... 
BSNL staff to get salary before Diw... 
England's thrashing of Bulgaria ove... 
Dubai malls launch Diwali 'shop and... 
Huawei Mate X to go on sale later t... 
Dubai-based Indian buys tickets to ... 
Sensex up 167 points, auto and bank... 
VVIP security deployed for Prince W...