Centricus, the investment platform founded by Dalinc Ariburnu and Nizar Al-Bassam, has announced another acquisition with a deal for a 30% stake in Global Investment Holdings (GIH), the Istanbul Stock Exchange-listed infrastructure investment company.
The ports business of GIH includes Global Ports Holding, the London Stock Exchange listed cruise port operator, with presence in Barcelona, Venice, Lisbon, Malaga, and which has expansion plans for the Caribbean and East Asia. The power business of GIH includes solar and biomass projects and operations in Turkey.
Ariburnu said: “Centricus targets superior returns across sectors and we see significant opportunities in the infrastructure space. GIH has an attractive portfolio of assets with considerable growth potential, particularly in the ports and clean energy spaces. This deal builds on a successful year for our firm, during which we have made a series of acquisitions to develop our unique relationship network and continue providing innovative access to capital.”
The deals referenced by Ariburnu include the May 2017 acquisition of a majority holding in Halkin Asset Management, the multi-asset manager platform. In November 2016, Centricus acquired CIFC Asset Management, a US private debt investment manager.
Ariburnu and Al-Bassam led the structuring and fundraising for Softbank’s $93bn global technology investment fund. Centricus also acted as adviser and arranger to SoftBank’s $3.3bn acquisition of alternative asset manager Fortress Investment Group, which claims some $70bn in AUM.
Centricus previously was known as FAB Partners, but rebranded following the Halking AM deal, with offices in London and Jersey.