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DIF Capital infrastructure fund sheds German hospital stake

[Image: Camilo Jimenez/Unsplash]

Netherlands-headquartered DIF Capital Partners has disposed of its indirect 45% ownership stake in the University Hospital Schleswig Holstein’s PPP project – UKSH-PPP – to co-shareholder Invesis.

The University Hospital Schleswig-Holstein has locations in Kiel and Lübeck in Northern Germany. It is one of the largest medical care centres in Europe and, with 14,000 employees in 89 clinics and institutes, is the largest employer and training provider in the state of Schleswig-Holstein.

UKSH PPP’s role has been the construction, renovation and maintenance of medical care facilities at the locations in Kiel and Lübeck in Germany. The new facilities in Lübeck and Kiel opened in 2019.

DIF invested in the UKSH PPP project in 2014 for the DIF Infrastructure III fund alongside Invesis and VAMED Deutschland Holding.

Herbert Smith Freehills provided legal advice and Reed Smith provided tax advice to DIF.

DIF Capital Partners, whose head office is at Amsterdam’s Schipol airport, is a global independent investment manager, with about €14 billion AUM across eleven closed-end infrastructure funds and several co-investment vehicles.

DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia.

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