I Squared Capital

I Squared Capital Advisors, LLC is an independent investment firm established in 2012, specializing in infrastructure investments across various sectors, including energy, utilities, and transportation. The firm is based in Miami, Florida, with additional offices in North America, Europe, and Asia. I Squared Capital targets investments in high-growth economies such as India and China, as well as in North America, Latin America, and Europe. The typical investment range is between $125 million and $400 million, reflecting the firm's commitment to significant infrastructure projects that contribute to economic development in these regions.

Timothy Formuziewich

Managing Director

Manish Prakash

President and Chief Business Officer

David Rosenblum

Credit Fund Partner

26 past transactions

PreAct Technologies

Series B in 2023
PreAct Technologies, founded in 2018 and based in Portland, Oregon, specializes in developing advanced automotive safety technologies aimed at reducing fatalities and injuries from crashes. The company focuses on bridging the gap between collision avoidance systems and active safety technology by utilizing a patent-pending suite of sensors, computing systems, and countermeasure algorithms. These innovations enable vehicles to predict and prepare for imminent collisions, significantly enhancing passenger safety and potentially saving the industry billions in costs related to accidents. PreAct's team comprises seasoned automotive experts and leaders in fields such as computer vision and optics, drawing on over 15 years of research funded by DARPA in high-speed optics and computing systems. The technology not only aims to mitigate the impact of common crash scenarios but also keeps passengers informed about vehicle status, further enhancing overall safety.

Tarana

Venture Round in 2022
Tarana Wireless, Inc. specializes in developing and commercializing non-line-of-sight wireless transport solutions, primarily through its flagship product, AbsoluteAir 2 (AA2). This innovative solution is designed to deliver reliable, high-capacity wireless connectivity for various applications, including small-cell backhaul, residential broadband access, and fiber extension. Tarana's technology is characterized by its ability to provide deterministic performance, extensive coverage, and significant spectral efficiency, making it suitable for deployment in diverse environments. The company also offers installation and configuration services through construction-grade crews, along with a carrier-class element management system for efficient network management. Headquartered in Milpitas, California, with additional offices in Berkeley, California, and Pune, India, Tarana serves tier-1 operators globally, aiming to enhance internet access deployment worldwide.

Palmetto

Series C in 2022
Palmetto is a clean technology company that specializes in building and operating solar energy projects for residential, commercial, and utility customers. Founded in 2009 and headquartered in Charleston, South Carolina, Palmetto designs and installs solar systems while providing a range of services, including customer support, financing, engineering, permitting, and installation. The company offers innovative software solutions such as Palmetto Home, which enables homeowners to monitor real-time energy consumption and solar production, and Palmetto Fleet, which provides energy monitoring insights for home management professionals. Additionally, Palmetto's Alchemy platform enhances the sales experience for solar professionals by streamlining the sales, design, and proposal processes. With additional offices in locations such as San Francisco, Sea Girt, Charlotte, Washington, and Greenville, Palmetto is committed to advancing clean energy technology and improving energy efficiency.

Epirus

Series C in 2022
Epirus, Inc. specializes in the design and development of advanced artificial intelligence-based defense systems aimed at countering drones and asymmetric technologies. Founded in 2018 and located in Hawthorne, California, the company produces high-powered microwave products, including its flagship technology, ELECTROMAGNETIC PULSE, which serves as a drone countermeasure. This innovative solution employs multiple simultaneous beams to neutralize unmanned aircraft systems, while also utilizing software-defined electromagnetic pulse technology to enhance its effectiveness. By integrating computer vision and machine learning, Epirus aims to optimize the detection and tracking of various threats, providing defense organizations with the capability to stun drones or disrupt swarms effectively. The company's products address critical national security challenges in both defense and commercial sectors.

Yalla Fel Sekka

Series A in 2022
Yalla Fel Sekka is a technology platform specializing in on-demand delivery services tailored for urban communities. The platform facilitates instant delivery for a diverse range of customers, including businesses and individual consumers, by providing efficient intra-city logistics and courier services. It caters to various sectors such as groceries, pharmacies, and e-commerce, enabling users to purchase items online and receive them promptly at their homes. With a scalable business model and a robust operational framework, Yalla Fel Sekka acts as a growth catalyst for small and medium-sized businesses, allowing them to tap into the expanding e-commerce market without significant investment in logistics infrastructure.

1NCE

Venture Round in 2022
1NCE GmbH is a Cologne-based company that specializes in providing Internet connectivity services tailored for the Internet of Things (IoT) market. Established in 2018, it is recognized as the first fully-fledged IoT network carrier, offering low-cost, reliable connectivity solutions. The company’s primary product is an IoT flat rate plan, which includes 500 MB of data and 250 SMS, along with access to the 1NCE Connectivity Management Platform. 1NCE supports various mobile communication standards, including 2G, 3G, 4G, and NB-IoT, by partnering with Deutsche Telekom and other roaming partners. In addition to its direct sales to businesses, 1NCE provides its technology as a Platform-as-a-Service for mobile network operators. With a workforce of around 60 employees across multiple cities, 1NCE aims to make IoT applications, such as smart metering and vehicle telematics, more affordable and accessible worldwide.

HTEC Hydrogen Technology & Energy

Private Equity Round in 2021
HTEC Hydrogen Technology & Energy is a privately held company based in North Vancouver, British Columbia, focused on harnessing the potential of hydrogen energy systems, particularly fuel cells. The company specializes in the design, development, and operation of hydrogen fuel supply solutions, which include hydrogen generation, distribution, and fueling infrastructure. HTEC collaborates with government entities, industrial gas companies, equipment suppliers, and automotive and energy firms to deliver reliable and sustainable hydrogen solutions. By manufacturing liquefaction and cryogenic equipment, HTEC supports the deployment of hydrogen fuel cell electric vehicles, emphasizing the provision of safe, convenient, and cost-effective hydrogen energy.

AG&P Pratham

Private Equity Round in 2021
AG&P Pratham, operating under the banner of AG&P City Gas, is a prominent private company in India’s City Gas Distribution sector. The company is engaged in supplying piped natural gas (PNG), liquefied natural gas (LNG), and compressed natural gas (CNG) to a diverse clientele, including households, vehicles, and commercial and industrial clients. AG&P Pratham focuses on delivering safe, reliable, and environmentally friendly access to natural gas across multiple states, aiming to meet the growing energy demands of its customers while promoting sustainable energy solutions.

KIO Networks

Acquisition in 2021
Provider of information technology services intended for telecommunication companies, technology providers, financial institutions, corporations and governments. The company leverages technology to provide various services like advanced analytics, cybersecurity, cloud monitoring, cloud management and business management services, thereby enabling clients with a variety of services and efficient solutions.

Star Leasing Company

Acquisition in 2021
Star Leasing Company is a transportation company providing trailer renting services.

Atlantic Power

Acquisition in 2021
Atlantic Power Corporation is engaged in the ownership and operation of power generation assets across the United States and Canada. As of December 31, 2019, the company managed a portfolio of twenty-one operating projects, providing a total electric generating capacity of approximately 1,723 megawatts on a gross basis and about 1,327 megawatts on a net basis. The company's projects deliver electricity to utilities and industrial customers through long-term power purchase agreements. Founded in 2004 and headquartered in Dedham, Massachusetts, Atlantic Power Corporation operates its assets across multiple segments, including regions in both countries.

InfoFabrica

Acquisition in 2020
Infofabrica is an IT consulting organization that specializes in hybrid and multi clouds consulting and managed services. InfoFabrica was founded to guide customers and partners in APAC through IT Cloud transformation era. Over the past 5 years, InfoFabrica has become a leading regional hybrid cloud managed service provider and consulting partner advising customer journey to cloud, migrating to cloud and managing customer hybrid cloud environment. Whether you need consolidate your existing infrastructure, or you are designing a new data centre, they are confident you will be pleased with the results they provide. As a consulting firm, their core assest is the talent pool they have. They attract, develop, recognise and retain the best talent for their business. This is their core value. Their company is highly entrepreneurial and agile while their consultants bring a diverse and comprehensive range of skills to enable customers to achieve high performance business. Their consultants foster long-term partnerships with customers by being trusted advisor being responsive and by consistently creating and delivering value.

GTT Communications - Infrastructure

Acquisition in 2020
GTT Communications - Infrastructure consists of GTT’s business and activities of providing Pan-European, North American, sub-sea and trans-Atlantic fibre network and data centre infrastructure services to customers.

Rubis Terminal

Private Equity Round in 2020
Rubis Terminal is distribution of petroleum products and bulk-liquid storage.

Ocensa

Secondary Market in 2020
Ocensa Colombia's crude oil transportation system.
MEP Infrastructure Developers Limited is an Indian infrastructure company established in 2002 and headquartered in Mumbai. It specializes in the construction, operation, and maintenance of road infrastructure, with a focus on toll collection. The company operates in multiple segments, including toll management, operation and maintenance, and construction services. MEP Infrastructure Developers generates most of its revenue from toll collection and related repairs and maintenance. Additionally, the company assists clients in implementing and operating toll systems, offering services that include the installation of electronic toll systems, cash collection processes, communication networks, and intelligent transportation solutions.

TIP Group

Acquisition in 2018
TIP specializes in trailer leasing, rental, maintenance and repair as well as other value added services and provides these to transportation and logistics customers across Europe. Headquartered in Amsterdam, TIP services its customers from over 70 locations in Europe, spread over 16 countries. With approximately 50,000 units in its fleet, TIP Trailer Services is considered an industry leader with one of the largest and most diverse fleets in Europe.

IC Power

Acquisition in 2018
IC Power is a fast-growing global power generation and distribution company. It engages in the ownership, development, and operation of power generation facilities in Israel, Latin America, and the Caribbean. It generates electricity through various fuels, including natural gas, hydroelectric, diesel, heavy fuel oil, and wind.

Inkia Energy Ltd.

Acquisition in 2017
Inkia Energy operates and develops power generation facilities in Latin America and the Caribbean. It generates electricity through natural gas, hydroelectric resources, fuel oil, diesel, and wind. The company sells electricity to distribution companies and unregulated consumers under power purchase agreements, as well as to the spot market.

Pinnacle Midstream

Acquisition in 2017
Pinnacle Midstream provides essential midstream services to oil and gas producers, focusing on enhancing the efficiency of resource delivery to market. Founded in 2014 and headquartered in Houston, Texas, the company specializes in natural gas gathering and processing, crude oil gathering and stabilization, and produced water management, including saltwater disposal wells. Pinnacle Midstream collaborates closely with producers to install and operate tailored midstream assets, ensuring that the development of oil and gas resources is optimized. By leveraging strategic partnerships, the company extends its gathering systems to neighboring producers, maximizing value for all stakeholders. With a commitment to delivering services such as compression, treatment, and transportation, Pinnacle Midstream aims to create significant incremental value through innovative and cost-effective solutions that enhance revenue generation for its partners.
Hutchison Global Communications Limited (HGC) is a subsidiary of Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH, stock code: 0215), a well-established integrated telecommunications operator listed on the Main Board of The Stock Exchange of Hong Kong Limited. HTHKH, a member of CK Hutchison Holdings Limited, provides fixed-line services under the HGC brand and m​obile services under the 3 brand.

Duke Energy International - Latin American Businesses

Acquisition in 2016
Duke Energy International - Latin American Businesses

Viridian Group

Acquisition in 2016
Viridian has invested over €600 Million in thermal generation in the RoI and through the provision of Power Purchase Agreements (PPAs), has supported third party investments of around €600 Million in renewable generation assets throughout Ireland. Viridian Group has always been at the forefront of innovation and was the first independent energy company to enter the deregulated market to offer competitive electricity to Irish businesses in 1999.

Lincoln Clean Energy

Acquisition in 2016
Lincoln Clean Energy is a developer, owner, and operator of clean power projects, specializing in wind and solar energy within the United States. The company has successfully developed projects with over $2 billion in capital investment, contributing to major electricity markets, including Texas, California, and New Jersey. Lincoln Clean Energy is currently engaged in the construction of more than 4,500 megawatts of clean energy projects, which include notable developments such as Oak Solar, Lone Valley, Horse Creek Wind, Electra Wind, and Willow Springs Windfarm. In late 2015, the company was acquired by I Squared Capital, positioning it for long-term ownership of its developed projects. With a strong track record in project development, Lincoln Clean Energy plans to invest over $250 million in equity capital to expand its portfolio of development projects.

Western UP Tollway

Acquisition in 2016
Western UP Tollway Limited engages in the improvement, operation, maintenance, rehabilitation, strengthening, and tolling of National Highway 58 on a build-operate-transfer basis in Uttar Pradesh. The company was incorporated in 2005 and is based in Hyderabad, India. Western UP Tollway Limited is a subsidiary of Cube Highways and Infrastructure Pte. Ltd.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.