RiverRock announced the acquisition of Exterimmo from Caisse des Dépôts. The transaction is done through its fund RiverRock Brownfield Infrastructure I (RBIF1). Exterimmo holds 11 social infrastructure projects or participations structured as Public-Private Partnership (PPP) in France.

Launched in September 2018, RBIF1 is a fund specializing in the investment and management of participation in small and medium-sized PPP-type projects located in the euro area. It is the first transaction of RBIF1 in France. It had completed two transactions in Spain where it holds a portfolio of police stations in Catalonia, as well as a stake in the regional hospital of Vigo. With Exterimmo, RBIF1 now manages 23 participants in Europe.

RiverRock has been advised by Taylor Wessing (Legal and Tax), H3P (Financial) and Hogan Lovells – Luxembourg (Tax). Caisse des Dépôts has been advised by Ernst & Young (Financial Advisor) and Allen & Overy (Legal).