DIF Infrastructure II increased its shareholding in Delfluent from 32.5% to 43.5%. This is DIF's second add on acquisition in Delfluent after having acquired Rabo Private Equity's share of 24.5% in December 2012.
Delfluent is a €350 million (US$478 million) wastewater treatment plant project that reached financial close in 2003 under a 30 year concession period and is in operation since 2008.
The PPP project consisted of the design, build, finance and operation scheme of the wastewater treatment plant Harnaschpolder and the refurbishment of the existing plant Houtrust, which was completed after a 5 years construction period.
Evides Industriewater is responsible for the operational performance of the project.
DIF II is the third fund managed DIF, an independent fund manager established in 2005. It is a ten year fund investing in PPP/PFI projects (such as roads, schools and hospitals) and in renewable energy (onshore wind and solar) located in Western Europe. The fund size is €571 million (US$780 million).