Friday 14 January 2022. Vauban Infrastructure Partners announced the closing of the Odin Project for the acquisition, by an entity controlled by an investment fund managed by Vauban, of Boreal Holding AS and its subsidiaries from Everbright Overseas Infrastructure Investment Fund LP (“EOIIF”), a fund sponsored and managed by China Everbright Limited (“CEL”) (HKG: 0165).
This acquisition strengthens Vauban’s investment footprint in the mobility sector as well as its presence in the Nordics region.
Boreal is one of the largest operators in the Norwegian public transportation market. It operates contracts granted by public transport authorities in four key segments of car ferries, fast ferries, light rail and nationwide buses.
The transaction is the fourth investment managed by Vauban Infrastructure Partners in the Nordics region after the acquisition of stakes in Oslofjörd Värme (a Norwegian district heating company), Loiste Group (a Finnish multi utility company) and Borealis Data Center (an Icelandic data centre) respectively in 2018, 2019 and 2021.