Infracapital Sells Isle of Wight Ferry Operator to Pension Funds
Infracapital, a division of M&G Investment Management Limited and M&G Alternatives Investment Limited, has sold a 100% equity stake in Isle of Wight ferry operator Red Funnel to a group of institutional investors. Infracapital had owned the ferry operator since 2007.
The investor group was led by West Midlands Pension Fund and the Workplace Safety and Insurance Board of the Province of Ontario. West Midlands Pension Fund acquired the ownership stake in Red Funnel through the Pensions Infrastructure Platform (PIP).
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