Berkshire Global Advisors acted as financial advisor to Basalt Infrastructure Partners LLP

Seller Details:
Basalt Infrastructure Partners LLP is a leading transatlantic infrastructure investment management firm with more than $8.5 billion of AUM. Founded in 2011 with offices in London and New York, Basalt specializes in mid-market, infrastructure equity investments across the utility, transportation, energy/renewables, and communications sectors in Europe and North America. Since its inception in 2011, Basalt has consistently delivered superior returns to investors across its flagship series of closed-end funds, and counts among its investors some of the world’s largest public and corporate pension plans, sovereign wealth funds, endowments, insurance firms and family offices.

Buyer Details:
Colliers is a leading diversified professional services and investment management company with operations in 65 countries, annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management

Transaction Summary:
As part of the transaction, Colliers will acquire 75% of Basalt from its founders and a significant third-party financial investor. The senior leadership team will retain 25% of the equity and will continue to lead the organization under Colliers’ unique partnership model.

The partnership with Colliers will strengthen Basalt for the long term and enhances its ability to continue delivering superior investment returns to its investors. Colliers is a permanent capital strategic partner that gives Basalt’s partners, professionals, and investors stability and increased alignment over the long term. The transaction will also strengthen Basalt’s global capabilities, offer unique market knowledge and relationships, and create important synergies to accelerate the firm’s growth.