LONDEN– (BUSINESS WIRE) – I Squared Capital, zijn via ISQ Global Infrastructure Fund II, en Rubis (EPA: RUI), genoteerd op Euronext Parijs een in Parijs gevestigd bedrijf dat gespecialiseerd is in de distributie van aardolieproducten en bulkvloeistofopslag, hebben een overeenkomst ondertekend om een joint venture te vormen via een investering in Rubis Terminal, een volledige dochteronderneming van Rubis. I Squared Capital zal 45 procent van de aandelen in Rubis Terminal verwerven en zal samen met Rubis de onderneming gezamenlijk besturen.

Met een portfolio van 13 faciliteiten en een capaciteit van 3,5 miljoen kubieke meter in vier landen, biedt Rubis Terminal kritieke bulk-vloeistofopslag infrastructuur aan een gediversifieerde basis van industriële klanten en over een breed scala aan petroleum-, chemische en agrofoodproducten. Het partnerschap versnelt het strategische plan van Rubis Terminal om zijn positie binnen de huidige voetafdruk te versterken, zijn productaanbod te diversifiëren en uitbreiding buiten Europa te verkennen.

I Squared Capital to Partner With Rubis in Rubis Terminal, a Leading European Company for Storing Petroleum Products, Chemicals, Agri-food Products and Fertilizers

LONDON–(BUSINESS WIRE)– I Squared Capital, through its ISQ Global Infrastructure Fund II, and Rubis (EPA: RUI), listed on Euronext Paris and a Paris-based company specializing in the distribution of petroleum products and bulk liquid storage, have signed an agreement to form a joint venture partnership through an investment in Rubis Terminal, a wholly-owned subsidiary of Rubis. I Squared Capital will acquire 45 percent of the shares in Rubis Terminal and will jointly control the company alongside Rubis.

With a portfolio of 13 facilities and a capacity of 3.5 million cubic meters across four countries, Rubis Terminal provides critical bulk-liquid storage infrastructure to a diversified base of industrial customers and across a broad range of petroleum, chemical and agri-food products. The partnership will accelerate Rubis Terminal’s strategic plan to strengthen its position within its current footprint, diversify its product offerings and explore expansion outside of Europe.

“The exclusive transaction with a listed industrial company is the result of a deep relationship developed over many years,” said Adil Rahmathulla Managing Partner at I Squared Capital. “The existing portfolio provides a strong foundation for building Rubis Terminal into a leading storage company using the I Squared Capital platform approach of operational optimization, bolt-on acquisitions and select greenfield projects.”

Subject to regulatory and other customary conditions, closing of the transaction should take place during first half 2020.

About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, London, Miami, New Delhi, New York and Singapore.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200120005586/en/

Contacts

Andreas Moon, Managing Director and Head of Investor Relations
+1 (786) 693-5739 | andreas.moon@isquaredcapital.com