Deals

The City of Fishers in central Indiana is seeking developers to submit proposals to build a new police station and public parking garage.

The consortium, arranged and advised by Macquarie Capital, now owns 40% of the motorway’s holding company.

With the 300MW Tees REP struggling to get off the ground, Macquarie Capital stepped in to clinch an innovative financial close. We zoom in on how they did it.

The sovereign wealth fund will pay €495m for the stake, valuing the Spanish developer’s third-largest unit at €3.7bn.

The acquisition, which the firm will make via its Global Infrastructure Fund, will see it take over a portfolio spanning six Central and Latin American countries.

The Sydney-based developer intends to delist UGL after acquiring the 86% it does not already own in the business.

Five banks provided debt for the €220m PPP project backed by 3i Infrastructure, Heijmans and Fluor.

The firm says its Community Infrastructure Fund is starting to attract interest from global investors, having welcomed its first overseas LP earlier this year.

Brookfield’s third fund broke an industry record for size. Infrastructure head Sam Pollock, renewable energy CEO Sachin Shah and managing partner Justin Beber tell Joel Kranc how Brookfield built up to this point and what’s next.

The developer’s latest acquisitions were made through its €250m debut wind fund, bringing its total assets under management to 142MW.

Among the investors are Goldman Sachs, Global Atlantic Financial Group and FS Investments, which is sub-advised by Blackstone’s credit business GSO Capital Partners.

The joint investment platform between two Canadian pensions said it will raise $500m and commit $200m in equity to construct the projects.

The Chief Secretary to the UK Treasury David Gauke praised the work of the private equity industry in an address to LPs and GPs in London on Thursday.

The UK Green Investment Bank was joined by Investec, Siemens Bank and Crédit Agricole in providing debt for the £142m project.