Newsfilterยท2025-03-21 20:30Core Viewpoint - Brookfield Infrastructure Partners L.P. has successfully exited its remaining 25% interest in its U.S. gas pipeline, generating over $1.7 billion in proceeds and achieving an 18% internal rate of return (IRR) and a 3x multiple on capital since recapitalization in 2015 [1]. Group 1: Transaction Details - The sale of the gas pipeline interest, combined with prior financing, has generated over $900 million in total proceeds over the last 18 months [2]. - The net proceeds from the sale represent a 1.8x multiple of the current carrying value [2]. - The company initially acquired a 27% stake in the pipeline and increased ownership to 50% in 2015 through a recapitalization strategy [3]. Group 2: Asset Sale Updates - Brookfield Infrastructure has signed an agreement to sell a 30% interest in a 244-megawatt portfolio of data centers in Europe for approximately $460 million, with about $90 million net to Brookfield Infrastructure Partners [4]. - The company has secured over $700 million in proceeds from asset sales since the beginning of the year, with expectations to reach nearly $900 million following the additional stake sale in the European data center portfolio [5]. - The asset monetization goal is set at $5 to $6 billion over the next two years, with strong buyer interest in ongoing capital recycling initiatives [5]. Group 3: Company Overview - Brookfield Infrastructure is a leading global infrastructure company focused on high-quality, long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [6]. - The company emphasizes assets with contracted and regulated revenues that generate predictable and stable cash flows [6]. - Brookfield Infrastructure is part of Brookfield Asset Management, which manages over $1 trillion in assets [7].