African Infrastructure Investment Managers, one of largest infrastructure alternative investors in Africa has exited its 14% stake in Cookhouse and 34% stake in REISA. Cookhouse is a 139MW wind project based in the Eastern Cape province and REISA is a 75MW solar project based in the Northern Cape province (both based in South Africa). The two project companies currently provide renewable electricity to 161,000 households. The acquisition amounts were undisclosed.
African Infrastructure Investment Managers was established in the year 2000 by Macquarie and Old Mutual to become one of Africa’s leading infrastructure investment managers. The company has access to global networks, international experience, insight and best practice methodologies in the infrastructure alternative investor segment. African Infrastructure Investment Managers has invested in renewable energy, toll roads, power generation, ports and communication infrastructure assets with total commitments of over US$1.9-billion. The alternative investor has operating offices in South Africa, Nigeria, Kenya and Cote d’Ivoire.