Nacap Managing Director Mark Bumpstead said “Nacap Australia will benefit greatly from being part of the AFR Investments group as it provides stability and allows us to build on an already successful track record in the Australian market place. Additionally we see the acquisition will be of benefit to our employees through increased growth opportunities.”
The Nacap Australia board of directors and management structure will remain unchanged as part of the acquisition and there will be no restructuring. Nacap Australia will continue to operate as an independent business unit.
In addition to Nacap Australia, the AFR Investments group portfolio includes investments in renewable energy assets across Europe, real estate, property development and construction interests in Germany and the Netherlands.