Igneo Infrastructure Partners-backed First Sentier Investors to acquire Auto-Estradas Norte Litoral and Auto-Estradas Via Do Infante from DIF Management.

Igneo Infrastructure Partners-backed First Sentier Investors, a global investment management group, agreed to acquire Auto-Estradas Norte Litoral and Auto-Estradas Via Do Infante, the Portugal based companies holding concessions to operate and maintain highways in northern and southern Portugal, from DIF Management, an investment company. Financial terms are not disclosed. “The add-on acquisition of AAVI and AENL is fully aligned with Igneo’s strategy to acquire high-quality, stable mid-market infrastructure assets. We have invested in Portugal over the last ten years and continue to believe in the country’s future prospects with transportation remaining a key investment area for Igneo,” Hamish Lea-Wilson, Igneo Partner and Head of Europe.