Matthieu Favas
Matthieu Favas is the editor of Agri Investor. He was previously the web editor of Infrastructure Investor, where he started in 2013 after a year as a reporter at Private Equity International. Prior to joining PEI he spent four years in the wine industry in London, Spain and Mongolia.
The Dutch fund manager has bought majority stakes in the M3 and M4 via its penultimate fund, which is now fully deployed.
Commitments by the Strathclyde Pension Fund and the Ireland Strategic Investment Fund helped propel the renewables developer to its hard-cap.
The Luxembourg-based firm is aiming to hit the milestone with between €400m and €500m in commitments from European and North American investors.
GIP has sold the UK hub to a group that includes AIMCo, OMERS, OTPP and KIA for an estimated 28x.
The proceeds are earmarked for repaying a revolving credit facility following the London-listed fund’s investment in Barcelona’s Line 9 metro project.
The French-based firm has held two closes for the vehicle, which is targeting €400m.
Availability-based and devoid of construction risk, OFTOs seem to be a shoo-in for private investors with a low appetite for risk. But they may not always be as water-tight as they seem.
Dale Burgess, a 13 year-veteran of the Canadian pension’s infrastructure group, was instrumental in sealing OTPP’s formation of renewables joint venture Cubico.
The UK insurer will help the telecoms tower and wireless company refinance debt alongside Rabobank.
The UK insurer’s investment arm has brought its infra staff to six little more than a year after merging its infra and property arms.