Germany’s Allianz Capital Partners has made a second investment in the Norwegian gas transport network in the space of three days. On Monday, it was part of a consortium that acquired 24.1% of the business - today, it has added another 6.4% from a different seller.
BBVA, CIC, Dexia, Natixis and SG are backing a consortium led by a subsidiary of Bouygues in the financial close for the 30-year contract to build and operate France’s new Ministry of Defence. The €806m loan will start syndication this month to European banks.
The Indian developer and the investment arm of the Malaysian government have agreed to form a jointly held infrastructure development company with a focus on India’s roads sector.
A club of three commercial banks together with the EIB are providing €298m in debt for a 58-kilometre stretch of the A8 highway, the first project in the second wave of Germany’s A-model highways to reach financial close.
AMP Capital Investors, the Sydney-based fund manager, has appointed former senior Macquarie executive Scott Davies as its new global head of infrastructure. Davies, who assumes the role next month, replaces Phil Garling, who is retiring from full-time roles.
The purchase of G6 Rete Gas from GDF Suez marks the consortium’s third acquisition in the Italian gas distribution sector over the last two years. The deal is set to close in the fourth quarter of 2011.
What impact will the dramatic increase in shale gas reserves have on the power project finance market in the US? Keith Larson of Hogan Lovells provides answers
The international law firm has relocated London partner Christopher Cross to Dubai, where he will continue to be part of the firm’s infrastructure and project finance practice. Hogan Lovells has announced a number of moves in recent months designed to beef up its presence in key jurisdictions.
Together with Allianz Capital Partners and Abu Dhabi Investment Authority, the Canadian pension plan has agreed to acquire a 24.1 percent stake in Gassled, a gas transportation business, from Norwegian oil company Statoil.
The acquisition of a 75% stake in the Brentwood Community Hospital PFI takes the number of assets in HICL’s portfolio to 41. HICL has almost tripled the size of its portfolio over the last five years.
The 30 largest infrastructure investors have formed $183.1 billion for the asset class over the last five years – a more than 30% increase from the $140.5 billion totalled in last year’s debut ranking. Goldman, CPPIB, Ferrovial and APG Asset Management join Macquarie in the top five.
Peter Jacobs has replaced Cheryl Fisher as the EIB’s new head of project finance for Western Europe. Fisher leaves the role to become the bank’s head of energy.
F2i and IMI Investimenti have purchased Metroweb for an enterprise value of €436m. The sellers are Sterling Capital Partners and A2A. Intesa Sanpaolo, Mediobanca, Santander, Societe Generale and Centrobanca will provide debt for the deal, set to close at the end of June.
Global insurance group MetLife has provided Porterbrook with a £250m, 25-year amortising facility, which was used to refinance loans taken out by a consortium of investors shortly after it acquired the rolling stock company in 2008.
The Greek government is seeking to appoint advisers for stake sales in its main electricity producer, several ports, two water companies and the country’s leading telecom operator. Reports suggest the assets will be placed in an independent fund with the sales to be conducted with EU assistance.