Border to Coast Pensions Partnership (BCPP), the £46bn asset pool for 12 UK pension plans, has announced it is to make £500m in private equity investments in the next 12 months.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board