Vontobel has announced the successful completion of its acquisition of a significant minority stake in Ancala Partners LLP (Ancala), an independent private infrastructure manager based in London. This transaction, announced in February of this year, marks Vontobel’s entry into private markets, expanding its investment capabilities in the rapidly growing segment of private infrastructure.
According to Vontobel, this offering will allow clients to benefit from the diversification potential that this asset brings, supported by a low correlation with GDP and other major asset classes, as well as an attractive risk-adjusted return.
Ancala is one of the leading infrastructure managers, with total assets under management exceeding 4.1 billion euros, managing 18 assets operating in essential infrastructure sectors such as renewable energy and energy transition, transportation, utilities, and the circular economy. Since its founding in 2010, Ancala has implemented a consistent strategy that delivers higher returns on investments with traditional infrastructure characteristics.
Vontobel highlights that Ancala applies a differentiated approach focused on seeking bilateral investment opportunities, downside protection, inflation linkage, and cash yield, as well as applying a unique approach to creating sustainable value in its portfolio companies. Additionally, Ancala is led by a team of partners with extensive experience in investing and creating value in infrastructure assets across a wide range of economic cycles and essential sectors.
Vontobel emphasizes that this transaction strengthens its strong position in offering clients diversified and active strategies with long-term growth potential.
“With the global infrastructure market growing rapidly due to the need to replace outdated infrastructure and increased public investment in infrastructure, the transaction provides Vontobel with the capability to capitalize on the opportunities arising from these favorable factors and offer greater diversification to clients,” the asset manager explained in a statement.
Following the transaction, Ancala’s management team, led by Managing Partner Spence Clunie, will continue to independently manage the company’s day-to-day operations and maintain the independence of its investment and governance processes. “Ancala and Vontobel are fully aligned for future growth and success and have agreed on terms that allow Vontobel to acquire the remaining stakes in the long term. Ancala’s management team remains fully committed to its future,” they added.
Regarding the details of the transaction, they explained that it was financed with Vontobel’s own funds.
