Just Group provides £255m in financing for infra solution providers

Written by Adam Cadle

27/10/2025

Just Group has provided a total of £255m in financing for three infrastructure solution providers, Vantage Towers, Adapteo Group and Nordiqus.

With an £89m investment, Just participated in a senior secured private placement by Vantage Towers, Europe’s second-largest wireless tower operator with around 85,000 high-powered mobile network base stations across 10 countries. The €2bn multi-tranche issuance is among the largest private placements in Europe this year and enables the long-term refinancing of critical digital infrastructure.

The £86m investment from Just Group to Adapteo Group, as part of a private placement offering, will support Adapteo’s commitment to sustainable development by contributing to funding an expansion of its portfolio of circular modular buildings for social infrastructure. In 2024, this included approximately 1,100 schools and daycare centres, enabling 6.7 million educational hours for around 176,000 children and students.

Just Group has also invested £80m to support Nordiqus, one of the largest owners of long-term educational social infrastructure in the Nordics. This financing will support Nordiqus to continue to operate over 600 educational facilities across the region, advancing its ambition to be a community builder and provider of high-quality learning environments for future generations.

Just Group has significantly increased its investment in infrastructure, with its internal capability sourcing over £350m of investments in this asset class in the first nine months of 2025. Just’s infrastructure asset class investments span transport, utilities, renewable energy, digital infrastructure, and social facilities and support the UK’s productive finance agenda.

Daleep Shahi, head of origination (private assets) at Just Group, said: "Our support of these private placements in important infrastructure demonstrates Just's commitment to investing in a way that provides the secure, long-term income required to pay our policyholders and to deliver lasting value for our stakeholders. These assets provide solid risk-adjusted returns with a duration well suited to match our liabilities.”

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