First State Investments names new head of global infrastructure investments
Niall Mills joined senior management team in 2008
28 May 2020 | The Asset
Niall Mills
Niall Mills

First State Investments has appointed Niall Mills as head of global unlisted infrastructure investments following Perry Clausen’s promotion to global chief investment officer.

London-based Mills joined First State’s senior management team as a partner in the European infrastructure business in 2008.

First State Investments has US$8.4 billion in unlisted infrastructure equity investments. The unlisted infrastructure business takes significant stakes in companies, often 100% ownership, ensuring effective engagement and partnership with the company’s management team.

In the past few months, it has made a number of moves, including the 100% purchase of UFF Holdings, the holding company for New Zealand-based fibre business Ultrafast Fibre; the acquisition of a 49% stake in Anaergia's Rialto bioenergy facility in California; the finalization of its 100% acquisitions of the Vopak terminal business in Algeciras, Spain, and the Caldic Chemie terminal in Rotterdam, Holland; and the signing of a contract to acquire a 45.1% stake in MVV Energie in Germany.

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