Fintech PR

Aireon Advancing Aviation with Investment in Next-Generation Data Products

Published

1 year ago

October 16, 2023

Credit facility from Global Infrastructure Partners
to accelerate expansion in people, products, and markets

MCLEAN, Va., Oct. 16, 2023 /PRNewswire/ — Aireon, the leader in space-based automatic dependent surveillance-broadcast (ADS-B) data for the global aviation industry, is set to expand its data product and services portfolio, bolstered by a new credit facility from Global Infrastructure Partners (GIP).

Having already established itself as the best-in-class provider of accurate, reliable, and global ADS-B data, Aireon is leveraging its market-leading position to drive innovation in data analytics and products for the global airspace. Under this new credit facility, Aireon will invest in advanced data analytic capabilities and visualization tools, aimed at driving increases in safety, efficiency, and environmental responsibility for its customers.

“This new credit facility marks an important milestone for Aireon as we take the next steps as a company. In the 11 years since Aireon was created, we have become a critical part of the aviation infrastructure. And now, we are increasing our investment in the business to create new value-added aviation data products for the industry,” said Don Thoma, Aireon CEO.

“This credit facility with GIP replaces another credit facility that was put in place before the Aireon service went operational. Since that time, Aireon has grown and evolved and so have our financial needs. This new facility matches that evolution and our future growth plans,” Thoma added.

“The investment represents the eighth investment made under GIP’s Spectrum strategy. The GIP Spectrum strategy provides customized capital solutions for infrastructure projects and companies in GIP’s core areas of focus, while leveraging GIP’s significant operating expertise,” said Wesley Altman, Principal at GIP Credit. “This financing is consistent with GIP Credit’s strategy of seeking to invest in high-quality critical infrastructure assets with attractive cash flow characteristics.”

Global Infrastructure Partners, a leading infrastructure investor that specializes in investing in, owning, and operating some of the largest and most complex assets across the energy, transport, digital infrastructure, and water and waste management sectors, is a proven supporter of key infrastructure companies and projects around the world, including companies in the aviation, oil and gas, renewable energy, transportation, water, and telecommunications industries. GIP’s aviation investments include Edinburgh Airport, Gatwick Airport, Sydney Airport, and Signature Aviation.

“Global Infrastructure Partners was a natural fit to help Aireon usher in this new era of growth and innovation,” said Rich Nyren, Aireon Chief Financial Officer. “Their expertise in the transportation and digital infrastructure sectors, coupled with their commitment to helping businesses deliver high-quality products and services to their customers, make them the perfect partner for us.”

PJT Partners acted as exclusive financial advisor to Aireon in connection with this transaction.

In addition to investment in products, Aireon will be investing in talent as well; the company plans to hire for sales, business development, and engineering roles. For more information on career opportunities at Aireon, visit www.aireon.com/careers.

About Global Infrastructure Partners
Global Infrastructure Partners (GIP) is a leading infrastructure investor that specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. With decarbonization central to our investment thesis, we believe we are well positioned to support the global energy transition. Headquartered in New York, GIP has offices in Brisbane, Dallas, Delhi, Hong Kong, London, Melbourne, Mumbai, Singapore, Stamford and Sydney.

GIP has approximately $100 billion in assets under management. Our portfolio companies have combined annual revenues of approximately $80 billion and employ over 100,000 people. We believe that our focus on real infrastructure assets, combined with our deep proprietary origination network and comprehensive operational expertise, enables us to be responsible stewards of our investors’ capital and to create positive economic impact for communities. For more information, visit www.global-infra.com.

About Aireon LLC
Aireon has deployed a space-based air traffic surveillance system for Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft throughout the entire globe. Aireon is harnessing next-generation aviation surveillance technologies that were formerly ground-based and, for the first time ever, is extending their reach globally to significantly improve efficiency, enhance safety, reduce emissions, and provide cost savings benefits to all stakeholders. Space-based ADS-B surveillance covers oceanic, polar, and remote regions, and augments existing ground-based systems that are limited to terrestrial airspace. In partnership with leading ANSPs from around the world, like NAV CANADA, AirNav Ireland, ENAV, NATS UK and NAVIAIR, as well as Iridium Communications, Aireon is providing a global, real-time, space-based air traffic surveillance system, available to all aviation stakeholders. For more information, please visit www.aireon.com.

Contact: Emily Feliz
+1 571.424.5648
[email protected]

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Fintech PR

BIZCLIK MEDIA LAUNCHES DECEMBER EDITIONS OF TECHNOLOGY & DATA CENTRE MAGAZINES

Published

11 minutes ago

November 29, 2024

CISION (PR Newswire)

The December editions of Technology and Data Centre Magazines include interviews with leading experts and executives from Kyndryl, Munters & Ark Datacentres

LONDON, Nov. 29, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has launched the latest editions of Technology and Data Centre Magazines. These publications are highly regarded within the technology, and Cloud sectors for their in-depth reports and interviews with prominent figures in the respective industries.

Technology Magazine

This month’s edition features an in depth lead report on Jensen Huang’s NVIDIA.

“Generative AI is the defining technology of our time…” – Jensen Huang.

The edition also contains extensive interviews with key thought leaders from Kyndryl, Munters, Cornerstone OnDemand and more, along with the Top 10: Chief Technology Officers.

Data Centre Magazine

This month’s edition includes an extensive cover feature with executives from Vertiv, KPMG, atNorth and more on how to design and build a Data Centre for the AI era.

“Data centres now need to accommodate increasingly dense IT loads, making optimised power and cooling management even more critical” – Alex Brew, Regional Director, Northern Europe at Vertiv.

The edition also contains extensive interviews with key thought leaders from Ark Data Centres, ESR and more. Plus the Top 10: Data Centre Uses.

You can visit Technology Magazine and Data Centre Magazine for daily news and analysis of the ever-changing tech & telco industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

For more information, please visit https://www.bizclikmedia.com/.

View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-december-editions-of-technology–data-centre-magazines-302318729.html

Fintech PR

Tetragon Financial Group Limited October 2024 Monthly Factsheet

Published

1 hour ago

November 29, 2024

CISION (PR Newswire)

LONDON, Nov. 29, 2024 /PRNewswire/ —

Tetragon has released its Monthly Factsheet for October 2024.

Net Asset Value: $3,091m
Fully Diluted NAV Per Share: $34.66
Share Price (TFG NA): $13.30
Monthly NAV per share total return: 2.7%
Monthly Return on Equity: 3.0%
Most recent quarterly dividend: $0.11
Dividend yield: 3.3%

Please refer to important disclosures on page three of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

October 2024 Factsheet

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.

View original content:https://www.prnewswire.co.uk/news-releases/tetragon-financial-group-limited-october-2024-monthly-factsheet-302318715.html

Fintech PR

EQT Exeter completes Spanish student housing portfolio sale to Azora

Published

2 hours ago

November 29, 2024

CISION (PR Newswire)

Since the creation of the portfolio in May 2021, it has grown from two assets with 1,500 beds to 12 assets with 4,100 beds
Transaction marks the first sale of EQT Exeter’s living assets in Spain, a market experiencing continued growth potential
Azora reenters the Spanish purpose-built student accommodation (PBSA) market, a sector it first pioneered over a decade ago
Azora plans to leverage the acquisition to develop a larger Southern European portfolio aiming for approximately 10,000 beds

STOCKHOLM, Nov. 29, 2024 /PRNewswire/ — EQT Exeter, a leading global real estate investment manager, is pleased to announce that the EQT Real Estate II fund (“EQT Exeter”) has closed the sale of a portfolio comprising 12 student housing assets in nine cities across Spain to an Azora PBSA managed vehicle.

In May 2021, EQT Exeter entered a joint venture with developer Grupo Moraval to create a premier portfolio of purpose-built student accommodation assets across Spain, totaling approximately 1,500 beds. The portfolio was designed to target a primarily domestic student profile, with a high level of service and amenity offering at an affordable price point.

Since then, leveraging the expertise of its local team, EQT Exeter has expanded the portfolio to include 12 assets with approximately 4,100 beds across major cities, including Madrid and Barcelona, as well as in key secondary higher education hubs such as Seville, Málaga and Granada. It became the fourth largest student housing portfolio in Spain just two years into the joint venture. The portfolio is characterized by its high standards, with several buildings having achieved LEED¹ Platinum, the first student assets in Europe to receive this certification.

Tom Livelli, Partner and Head of Living Strategies, Europe, EQT Exeter, said: “This transaction underscores the strong and growing demand for high-quality student housing in Europe, supported by robust fundamentals and resilient market dynamics. Spain remains a top investment destination, with strong economic growth and a structural undersupply of student housing. This exceptional portfolio showcases EQT’s integrated investment, development, and operational expertise, and we remain committed to expanding our presence in the European living sector.”

Carlos Molero Sánchez de la Blanca, Managing Director, EQT Exeter, said, “We are excited to have completed the sale of our first living assets in Spain, an excellent example of EQT Exeter’s ‘local with locals’ approach to investing in thematic trends. Our selective aggregation strategy, combined with a deep understanding of the specific needs of students and a focus on the operational and design aspects of each building, have allowed us to achieve significant scale and deliver a highly resilient, downside-protected portfolio with a high social impact.”

Alvaro Soto de Scals, CEO, Grupo Moraval, commented: “It has been a pleasure to have contributed to the success of our JV with EQT Exeter, having sourced and managed the build-out of this platform as planned. The portfolio is built with state-of-the-art technology and quality; with sustainability a core element for both Group Moraval and EQT Exeter.”

José Alonso, Partner, Azora, added: “After closely monitoring the market for several years, we believe now is the ideal time to reenter the PBSA sector in order to provide solutions to the current shortage of student housing in Spain and other Southern European countries. The platform established by EQT Exeter and Grupo Moraval aligns with the high standards of our PBSA vehicle and will serve as the foundation for our expansion in Southern Europe.”

The acquisition signifies Azora’s return to the student housing sector, a market it led over a decade ago by establishing the largest PBSA portfolio in continental Europe, which was sold in 2017. Azora intends to use this newly acquired platform as a foundation to expand its new PBSA vehicle, targeting approximately 10,000 beds in key Southern European locations.

EQT Exeter was advised by Linklaters and Azora was advised by CBRE Investment Bank and Garrigues.

¹Leadership in Energy and Environmental Design

EQT contact
For Spanish press, Sofía García, [email protected], +34915312388
For international press, EQT Press Office, [email protected]

Azora (Spain) contact
Nacho Miquel, [email protected]
Alberto Rodríguez, [email protected]
+34915634179

Azora (Europe) contact
Richard Sunderland / James McEwan / Ellie Smith, [email protected]
+442037271000

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/eqt-exeter-completes-spanish-student-housing-portfolio-sale-to-azora,c4073309

The following files are available for download:

https://mb.cision.com/Main/87/4073309/3141865.pdf	PRESS RELEASE EQT Exeter completes Spanish student housing portfolio sale to Azora
https://news.cision.com/eqt/i/spanish-student-housing-portfolio,c3356290	Spanish student housing portfolio