InfraRed hires head of infra from 3i

01 June 2017 - 12:00 am UTC

InfraRed Capital Partners has hired Ben Loomes as a managing partner and head of its infrastructure business, InfraNews has learnt.

3i in February announced that Loomes, then managing partner and co-head of Infrastructure, was leaving the company after five years.

Loomes started in this newly created role on Thursday (1 June) and reports into Werner von Guionneau, InfraRed’s CEO.

Based in London, he will be responsible for InfraRed’s global Infrastructure business, which includes HICL Infrastructure and TRIG, the London Stock Exchange-listed funds, as well as four unlisted infrastructure funds.

Loomes will mainly be involved in driving business development and originating new investment opportunities. 

InfraRed-managed HICL was part of a consortium with Allianz Capital Partners and DIF Infrastructure IV, which closed the acquisition of Affinity Water last month.

Loomes joined 3i Group in April 2012 as strategy director, participating in all investment businesses across infrastructure, private equity and debt. 

He was promoted to managing partner and co-head of Infrastructure, leading key transactions including the sale of 3i Infrastructure’s stake in Eversholt Rail, which closed in 2015.

Other major deals have included 3i’s investments in Scottish telecom towers business Wireless Infrastructure Group (WIG), EISER fund, Infinis’ landfill gas business, and Belgian airport equipment leasing business TCR Group.

He led 3i Infrastructure’s GBP 385m equity raise last year and set up 3i’s North American infrastructure team in March 2017.

Before joining 3i, Loomes worked in corporate finance roles at Goldman Sachs, Greenhill and Morgan Stanley.