The Australian fund manager has raised €241m at first closing for an infrastructure debt fund which is targeting opportunities in OECD countries. The vehicle, which has a final target of €500m, is one of a clutch of infrastructure debt funds launched to boost financing options for the asset class.
Prime minister Vladimir Putin has announced that Moscow’s Sheremetyevo and Vnukovo airports will be merged, refurbished and subsequently privatised. Government wants to increase Moscow air traffic to 100 million passengers by 2020.
The UK’s Competition Commission argues BAA should press ahead with the sale of London’s Stansted Airport and one of its Scottish airports, after the airports operator exhausted all legal appeals against further forced sales.
Birmingham Prison has become the first penal institution to be transferred from the public to the private sector. The Ministry of Justice awarded 15-year operating contracts for three UK prisons yesterday worth a combined £1bn.
Dexia Credit Local, the French arm of European bank Dexia, has hired Terry Sanabria in New York to lead its distribution of project and infrastructure financings.
International Public Partnerships, the UK-based listed infrastructure fund, has acquired stakes in nine UK private finance initiative deals for close to £11m. The fund, which raised £100m last year, is considering ‘some fundraising toward the end of the year,’ said director Giles Frost.
The New York-based adviser on energy, industrial and resources infrastructure deals, has launched in Europe with a new Zurich office. Energy M&A veteran Damien Sauer heads the office, while former Allianz Capital Partners boss Thomas Putter is one of two new advisers to the firm.
The $1.2bn infrastructure fund has acquired a minority stake in Ind-Barath Energy, its second deal in India this week after unveiling a $111m investment in a roads operator on Monday.
The UK government has green-lighted three highways maintenance project finance initiative projects in Sheffield, Hounslow and the Isle of Wight. It has also cleared a tram project in Nottingham, which has announced its preferred bidder today, after achieving savings of 21% on the four deals.
PensionDanmark and PKA have together acquired 50% of Anholt, Denmark’s largest wind farm, from Danish energy group DONG Energy. PensionDanmark had previously acquired 50% of another Danish wind farm from DONG.
Among other sectors, the private equity firm's new Sub-Saharan investment group will cover infrastructure and will be led by StanChart’s former head of African private equity, Marlon Chigwende, and former Ethos partner Danie Jordaan.
The $1.2bn fund has invested in KMC Infratech, a subsidiary of Indian construction group KMC, which holds ‘one of the largest road portfolios in the country’.
BNP Paribas and National Bank of Greece have been appointed to advise on an extension of the 20-year concession to operate Athens Airport, currently held by Hochtief. The government also plans to sell stakes in its public gas monopoly and several water companies, among others.
Global renewable energy mergers and acquisitions declined from a total of $48.8bn in 2009 to $33.4bn last year, but activity in North America climbed markedly and almost matched the total value of European deals.
StormHarbour, a Hong Kong-based financial advisory firm, has appointed three new managing directors to its infrastructure finance business.