Current Investments

The iCON group of funds, which are advised by iCON Infrastructure,
have invested in high quality infrastructure businesses

  • Current
  • Realised

iCON I

No assets found.

iCON II

Mountaineer Gas
Oslofjord Varme
Service Terminal Rotterdam (STR)
firmus energy
Rothes CoRDe
Verbrugge International
Beckton Energy

iCON III

Gruppo Spinelli
Capstone Power
Bristol Water
Combined Cargo Terminals (CCT)
Gasnätet Stockholm, Stockholm Gas
GridLink

iCON I

Porterbrook
Sutton and East Surrey Water
CLH

iCON II

No assets found.

iCON III

Värmevärden
Select an iCON type to begin.
Värmevärden

Värmevärden is a district heating company based in central Sweden.

Headquartered in Örebro, Värmevärden owns and operates heating plants across 10 municipalities. Its plants have total heat generation capacity of 639 MW and annual heat and steam sales of approximately 1.2 TWh. Värmevärden’s production facilities primarily use biofuel, waste and waste heat and the business serves both residential and industrial customers via c.4,800 supply points on its 350km district heating network.

iCON acquired 33.3% of Värmevärden in April 2016 through its acquisition of Capstone Infrastructure and sold its interest in March 2017.

CLH

CLH owns and operates the Spanish refined oil pipeline network and is the leading provider of refined oil storage in Spain. It owns a network of pipelines exceeding 4,000km in length, 38 refined oil storage facilities and 28 airport facilities in Spain.

iCON led the acquisition of 10% of CLH in December 2007 by Deutsche Bank and institutional investors. We subsequently led and arranged the follow-on acquisition of a further 25% of CLH in June 2008 by a group of investors including Deutsche Bank, PGGM, AIMCo and PSP Investments. iCON sold its interests in CLH in May 2014.

Sutton and East Surrey Water

Sutton and East Surrey Water is a regulated water-only company located in South East England. It supplies drinking water to 650,000 consumers. Its network comprises 3,400km of water mains, eight treatment works, 60 pumping stations and 38 service reservoirs and water towers.

iCON led the acquisition of Sutton & East Surrey Water in January 2006 and sold the company to Sumitomo Corporation in February 2013.

Porterbrook

Porterbrook is a rolling stock owner whose primary activity is leasing passenger trains to train operating companies in Britain under long-term lease agreements.

At the time of iCON’s ownership, Porterbrook owned approximately 6,000 trains, representing one third of Britain’s passenger rolling stock fleet. The company invested over £700m in its fleet during our ownership.

The iCON Team led the acquisition of Porterbrook in December 2008 and realised its interest in October 2014.

GridLink is a project to develop a 1.4GW electricity transmission interconnector between the UK and France. The proposed interconnector will consist of a c.150km offshore subsea HVDC cable between Kent, UK and the Port of Dunkerque, France.

iCON owns 100% of GridLink and has partnered with Elan Energy to develop the project.

Gasnätet Stockholm, Stockholm Gas

Gasnätet Stockholm was founded in 1853 and owns and operates the only gas distribution network in Stockholm. Its sister company, Stockholm Gas, is the only third-party gas supplier on the Stockholm network.

The distribution network comprises approximately 520 km of low-pressure pipelines, as well as a separate vehicle gas network of c. 46km, and has connections to over 63,000 residential, commercial and industrial customers.

iCON acquired 100% of Gasnätet Stockholm and Stockholm Gas in November 2016.

Combined Cargo Terminals (CCT)

CCT is a container port terminal business located in Moerdijk, the Netherlands.

CCT handles shortsea container services to/from the UK, Norway and Portugal and operates a strategically located major inland terminal that handles deep-sea containers from barge services to/from the Port of Rotterdam, Port of Antwerp and the European hinterland.

iCON acquired 95% of CCT in April 2016.

Bristol Water

Bristol Water is one of the 8 regulated water-only companies in England and Wales. It was founded in 1846 and is the sole water supplier in the Bristol area.

The company serves an area of approximately 2,400km2. It is responsible for the abstraction, treatment, storage and distribution of approximately 266 million litres of water every day to over 1.2 million people.

iCON acquired its interest in Bristol Water in April 2016 through its acquisition of Capstone Infrastructure, and now owns 80% of the business.

Gruppo Spinelli

Gruppo Spinelli is a leading container terminal and logistics business headquartered in Genoa, Italy.

The business consists of a 150,000m2 port terminal handling containers and RoRo in the Port of Genoa and an associated network of container depots, warehousing and logistics facilities across Northern Italy with a total area of 541,000m2.

In 2016, Gruppo Spinelli handled over 440,000 twenty-foot equivalent units at the container terminal and its container logistics business transports over 220,000 containers each year.

iCON entered into a strategic partnership with Gruppo Spinelli in August 2015.

Capstone Power

Capstone Power is a Canadian independent power producer headquartered in Toronto.

It has over 509 MW (net) of installed capacity and develops, owns and operates renewable and conventional power generation assets. The current portfolio consists of on-shore wind, solar, hydroelectric, biomass, and combined-cycle gas cogeneration plants. Capstone Power has a pipeline of further projects.

iCON acquired 100% of Capstone Power in April 2016 through its acquisition of Capstone Infrastructure.

Verbrugge International

Verbrugge International is a leading bulk and break-bulk port terminals business consisting of four tri-modal port terminals located on the Scheldt Estuary in the Netherlands and Zeebrugge in Belgium, together with ancillary warehousing, marine and logistics businesses.

The key products handled include pulp and paper, fertilizers, minerals, steel and various metals.

iCON entered into a strategic partnership with Verbrugge International in December 2013.

Rothes CoRDe

Rothes CoRDe operates an environmentally friendly, 8 MWe/34 MWth combined heat and power (CHP) plant in Rothes, Scotland. The CHP plant is fuelled by a combination of whisky distillery by-product (draff) and wood chips.

The company also:

The CHP plant has been in commercial operations since July 2013. It benefits from numerous long-term contracts and the UK Renewable Obligation regime.

iCON acquired Rothes CoRDe in April 2015.

Service Terminal Rotterdam (STR)

Service Terminal Rotterdam (STR) owns and operates a modern and state of the art bunker fuel terminal strategically located in the Port of Rotterdam, Botlek area (The Netherlands).

The terminal has 242,000m3 capacity across two tank farms and features a 280m jetty and 400 metres quay. It is ideally located to serve the Antwerp-Rotterdam-Amsterdam (ARA) market and its tank infrastructure is built specifically for the bunker fuel market, with modern blending capabilities and superior services. In addition, STR also provides board-to-board and lay-by services.

iCON acquired 100% of STR in April 2015.

firmus energy

firmus energy was established in 2005 and owns and operates a gas distribution network and energy supply business in Northern Ireland, UK.

The distribution network comprises approximately 1,100 km of low-pressure pipelines with connections to over 30,000 residential, commercial and industrial customers. It also supplies gas to over 80,000 customers across Northern Ireland.

iCON acquired 100% of firmus energy in June 2014.

Beckton Energy

Beckton Energy operates an environmentally friendly, 19MW combined heat and power (CHP) generation project in Beckton, London.

The company will deliver heat and electricity under long-term contracts to major infrastructure facilities owned by leading UK utilities located in the vicinity of the CHP plant.

iCON led the acquisition of Beckton Energy in March 2013.

Oslofjord Varme

Oslofjord Varme is one of the leading district energy companies in Norway providing district heating and cooling to commercial and residential customers.

The company holds three district heating concessions (Fornebu/Lysaker and Sandvika in the growing Greater Oslo region and Mosjøen in the north of Norway) as well as owning four B2B operations which provide heating and cooling to large business customers.

The business uses highly efficient heat pumps for its base production and sold c.220 GWh of district heating and c.63 GWh of district cooling in 2016.

iCON acquired 100% of Oslofjord Varme in June 2014.

Mountaineer Gas

Mountaineer Gas is an independently operating, regulated local gas distribution company. It is based in West Virginia, US where it is the market leader.

Mountaineer Gas supplies natural gas to 220,000 residential and industrial end-users in the state. Its distribution system comprises over 5,200 miles of mains and 250,000 service lines.

The iCON Team led the acquisition of interests in Mountaineer Gas in February 2011, February 2012 and April 2017.