Macquarie Ups Stake in Diamond Infrastructure to 49%

• Diamond Infrastructure Solutions leverages Dow’s operational excellence and Macquarie Asset Management’s infrastructure and energy expertise to generate growth opportunities by opening access to Dow’s U.S. Gulf Coast sites to third party customers
• Dow to receive total cash proceeds of approximately $US3.0 billion, inclusive of $US2.4 billion related to initial 40% equity stake

Macquarie Asset Management today announced that Macquarie Infrastructure Partners VI (“MIP VI”), an unlisted infrastructure fund managed by Macquarie Asset Management has exercised the previously announced option to acquire an additional 9% equity stake in select U.S. Gulf Coast infrastructure assets of Dow Inc. (“Dow”) (NYSE: DOW). This brings MIP VI’s total equity stake in Diamond Infrastructure Solutions (“Diamond”) to 49%.

Diamond is a specialist infrastructure provider to Dow and other industrial customers at its five locations in Texas and Louisiana, offering comprehensive services to its tenants with a focus on world class efficiency, reliability and safety. As a dedicated infrastructure company, Diamond has formed a new business model with greater strategic focus on operational efficiencies and new customer acquisition.

“In the four months since the joint venture between MAM and Dow was established, Diamond has established itself as an independent company focused on delivering world class infrastructure services and has already attracted a number of new unaffiliated customers,” said Ben Way, Global Head of Macquarie Asset Management. “We are thrilled to have the opportunity to increase our investment in Diamond as it grows its presence as the premier chemical park operator in North America.”

Macquarie Asset Management is a leading global infrastructure asset manager with a focus on operational excellence. It prioritizes investments in high quality, essential assets that can be improved over time and deliver growth and reliable service to customers, as well as the health and safety of employees. Macquarie Asset Management has specific experience in managing and operating industrial parks, regulated utilities and other industry-oriented infrastructure platforms. Over the last 22 years, Macquarie Asset Management has invested or committed $US26+ billion in more than 60 portfolio companies across the Americas region.¹

https://www.miragenews.com/macquarie-ups-stake-in-diamond-infrastructure-1525492