5 Jul 2018
LGIM Real Assets private credit business closes first two Euro deals
LGIM Real Assets (Legal & General) is pleased to announce the completion of its second Euro deal this year, having invested, on behalf of its clients including Legal & General Retirement (LGR), c.£44 million, of which €30 million was Euro denominated, in TCR Group (“TCR”).
TCR are a leading rental provider of ground support equipment and related services to independent ground handlers, airlines and airports in a market that has been performing strongly as global air travel grows and the need for ground support equipment increases.
The first Euro investment in April 2018 was part of a multi-currency private placement in Terminal Investments Limited (TiL), the 6th largest container terminal owner and operator in the world, with interests in 38 terminals across 24 countries and five continents. TiL has a presence in seven of the world’s 25 busiest ports including Antwerp, Rotterdam, New York and Singapore.
Please read the full press release via the link below.
We are delighted to have made our second Euro investment this year. The infrastructure supporting the global transport industry continues to be a significant focus for LGIM Real Assets... We expect to continue to be active in this market
Charles-Henry Lecointe, Senior Infrastructure Investment Manager