AIP Management to acquire a 33% in Valorem from 3i Infrastructure for €309m.

AIP Management, an asset management firm, agreed to acquire a 33% in Valorem, an independent European renewable energy developer and power producer, from 3i Infrastructure, an investment firm, for €309m. "We will always be disciplined in our approach to value realisation and balance sheet management. This divestment provides us with the opportunity to crystalise a significant uplift to the carrying value, the proceeds of which will be used to reduce our drawings on our revolving credit facility. We thank the Valorem team for our successful collaboration and wish them and their new partners success on the next leg of their journey,” Scott Moseley and Bernardo Sottomayor, 3i Investments Managing Partners and Co-Heads of European Infrastructure.