Some emerging themes could be glimpsed at our Infrastructure Investor: Europe event in the German capital. We took note
The leading businessman has been appointed a founding partner of fund manager Ancala Partners, the London-based start-up founded by former Macquarie Capital veteran Spence Clunie.
Chancellor George Osborne has pledged an additional £2bn from asset sales to add to the £1bn the Green Investment Bank will receive from government. However, the bank, which is set to open in 2012, will not be able to borrow money until 2015 at the earliest.
The UK-based venture capital and infrastructure investor has raised £70m for a waste and recycling fund that will target projects in London, and which is supported by London Mayor Boris Johnson. Foresight hopes to eventually raise £200m for the fund.
The Swiss investor has closed Partners Group Global Infrastructure 2009 with commitments from pensions, insurers and endowments, among others. The vehicle already counts 17 investments in its portfolio.
The UK’s last listed ports operator has agreed to be taken over by Arcus Infrastructure Partners for 1,630 pence per share plus a dividend of 20 pence a share, to be paid by early May. The infrastructure investor already owned 22.8 percent of Forth Ports.
The €235m HSBC Environmental Infrastructure Fund is investing in a project headed by renewable energy firm Eaga. The investment reflects enthusiasm for the UK government’s push for new homes to embrace solar power.
The European infrastructure fund manager has just reached first close for its second fund. BNP Paribas contributed €100m with ABP and Greater Manchester pension fund also as investors.
The bank's investment is a significant contribution toward the first close of the Aviva-backed subordinated debt fund. The close scheduled to take place during the first half of the year, according to chief executive Marc Bajer.
The listed infrastructure investor has acquired an additional 5.49% equity and loan note interest in the Dutch High-Speed Rail public-private partnership project for close to €12m.
Peter Noé, head of Hochtief Concessions, has tendered his resignation just as ACS announced that it now holds 37.6% of Hochtief. Once it crossed the 30% treshold, ACS knew it was free to acquire majority ownership of Hochtief on the open market, without having to pay a control premium.
GPs springing fund extensions on their investors should beware a cool reception, writes Andy Thomson.
Ireland needs to embrace public-private partnerships in order to compensate for a steep fall in state investment over the coming years as a result of the dire condition of the country’s public finances. This is the recommendation of a study by financial services firm KPMG and a leading business and employer association.
The ratings agency writes in a recent report that 'infrastructure transactions have demonstrated significant rating stability through the downturn', with the average credit quality deteriorating by less than a notch.
President Benigno S. Aquino III launched five public-private partnership deals yesterday, including toll roads and light rail projects. The first tenders should come to market this month.