Global infrastructure investor Cordiant Capital has acquired HydrogenOne Capital, an alternative investment firm focused on investing in hydrogen assets and their role in the energy transition.
This acquisition reflects Cordiant’s confidence in the hydrogen sector and the opportunity it represents now and in the future as part of the wider energy mix, the investor said.
The transaction will see HydrogenOne Capital LLP rebranded as Cordiant HydrogenOne, within Cordiant’s Energy Transition division.
Cordiant HydrogenOne will retain the existing investment advisory relationship, with no changes to the terms and conditions thereof, with HydrogenOne Capital Growth, the first UK-listed hydrogen fund investing in clean hydrogen for a climate-positive impact.
This transaction allows Cordiant to build on its existing UK-listed company strategy, while providing existing shareholders of HGEN the benefit of enhanced resources, broader market access, and a resilient pathway to realising the long-term value of the hydrogen ecosystem.
Dr JJ Traynor and Richard Hulf, managing directors and co-heads of Cordiant HydrogenOne, said: “Through this partnership, Cordiant HydrogenOne has the opportunity to unlock substantial growth potential, accelerating hydrogen infrastructure development.
“Our existing shareholders can benefit from enhanced resources, broader market access, and a resilient pathway to capturing the long-term economic potential inherent in the hydrogen ecosystem.
“This is a strategic positioning at the frontier of a sector poised for growth, where innovation, technological advancements and climate imperatives converge.”
Benn Mikula, managing partner and chief executive of Cordiant Capital, added: “My partners and I are delighted that the HydrogenOne team is joining the Cordiant family.
“JJ, Richard and team bring deep domain expertise in hydrogen along with a powerful combination of investment expertise and operational skills.
“In combining Cordiant’s global investment capabilities with HydrogenOne’s deep technical knowledge in the hydrogen value chain, we look to build even more value for HydrogenOne shareholders even as we expand Cordiant’s skills and product offering in the energy transition infrastructure sector.”
With over US$4bn in committed capital under management, this transaction aligns with Cordiant’s established strategy of providing growth capital solutions within ‘Infrastructure 2.0′ in three focus sectors.