Samsung Life Insurance has acquired 20% of infrastructure fund Meridiam, for an undisclosed sum, through a capital increase.
The South Korean insurer is now a 20% shareholder alongside Meridiam鈥檚 management, who still control 80% of the Paris-based firm.
Meridiam said the proceeds of the capital increase would allow it to accelerate its next growth phase, focusing on sustainable assets with a strong strategic, economic, social and environmental impact.
The additional funds will underpin Meridiam鈥檚 鈥渟trong development ambitions鈥� in its three businesses of sustainable mobility, innovative low-carbon solutions and essential public services in Europe, the Americas and Africa, it added.
Thierry D茅au, Meridiam鈥檚 CEO and founder, said: 鈥淭his capital increase opens a new path to ambitious and responsible growth. We have strong ambitions and the necessary means to implement our roadmap.鈥�
He added that the strategic partnership with Samsung Life 鈥渄emonstrates Meridiam鈥檚 attractiveness to prestigious investors鈥�.
This deal follows Samsung Life鈥檚 acquisition in 2021 of a 25% stake in real estate fund manager Savills Investment Management.
To read the latest edition of the latest 麻豆映画 Real Assets magazine click here.
