InfraRed Capital Partners acquires New Zealand port operator C3

InfraRed Capital Partners has acquired New Zealand port operator C3 Limited from Brookfield. C3 is a leading provider of port logistics and materials handling services to New Zealand's ports, as well as the forestry sectors in both New Zealand and Australia. The company operates 15 strategic port and inland sites throughout the two countries, supporting port-side container logistics and large exporters across various sectors.

C3 handles approximately half of New Zealand's total log exports, which amounts to about NZ$3.4 billion in annual export revenue. The company provides a full terminal-to- vessel solution, including log marshalling, debarking, chipping, and loading onto vessels. With exporters seeking greater efficiency in their routes to market, C3 is well-positioned for sustained growth through adjacent opportunities.

InfraRed Capital Partners plans to build on C3's well-established platform by expanding its port presence and logistics capabilities to broaden its customer offering across the logistics value chain. Sven Stubican, head of European and APAC Investments, Value-Add at InfraRed, noted that C3's strategic port presence, deep customer relationships, and specialist operational capabilities make it an attractive target for expansion.

InfraRed has been active in Australia and New Zealand for over 15 years and has previously made and realized multiple value-add investments in the region.