Basalt – Acquisition of ferry business in Italy



Basalt Infrastructure Partners II has completed the acquisition of a 30% all-equity stake in Italian ferry business Caronte & Tourist.  The London-headquartered fund manager agreed a bilateral off-market deal with the Messina-headquartered business. Caronte & Tourist is the largest operator of roll-on-roll-off ferries in Sicily, operating 26 ferries between the island and Stretto di Messina on the Italian mainland. Financial details of the transaction have not been disclosed