The deal from the firm’s fourth fund comes as Equitix launches a successor to the £750m vehicle.
The joint purchase of the 15% stake from 3i Infrastructure is its second sale in recent days after offloading Elenia, with the two deals representing 40 percent of its portfolio value.
The Australian fund manager is divesting its principal stake in the global toll road operator as the asset company decides to internalise its management team.
The pension firm has formed a joint venture with local company Votorantim Energia to invest in the country’s energy sector.
The €245m financing is also validated as a green bond following ESG due diligence.
The fund’s second acquisition in a week could be boosted with a doubling down of the deal between now and May 2018.
KWAP buys a 45% stake for £67.5m from EFG Hermes, which will continue to hold a 5% interest as it targets further investments in emerging market renewables.
The sale by 3i Infrastructure and Goldman Sachs ends an almost two-year search for a buyer for the Finnish electricity distribution operator.
The eight-strong portfolio based across France, Italy and Spain has been delivering a 10 percent yield per year.
The water treatment project recently completed a $587m refinancing, supported by two major Japanese insurers, Nippon Life and Dai-ichi Life, among others.