Marguerite signs SPA with MM Capital Infrastructure Fund 1 to divest its interests in AS Conexus Baltic Grid

Marguerite has signed a Sale Purchase agreement with Marubeni-backed MM Capital Infrastructure Fund I regarding the divestment of the Marguerite Fund’s 29.06% interest in AS Conexus Baltic Grid, the unified natural gas transmission and storage operator in Latvia.

Following a competitive sales process, MM Capital Infrastructure Fund 1 agreed to acquire the 29.06% shareholding in AS Conexus Baltic Grid (CBG) of the Marguerite Fund’s wholly-owned subsidiary Marguerite Gas I S.à.r.l., subject to conditions in the Energy and National Security Laws of Latvia.

Macquarie Capital acted as financial adviser to Marguerite. Ernst and Young acted as financial advisor to MM Capital Partners.

MM Capital Infrastructure Fund I is managed by MM Capital Partners, which was formed in 2018 by Marubeni Corporation, Mizuho Bank, Ltd. and Asset Management One Co., Ltd. for the purpose of operating and managing funds specialized in equity investments in overseas infrastructure assets.