The German financial watchdog is looking into the role Southeastern Asset Management, a shareholder in both ACS and Hochtief, has played in the ongoing takeover process for the German company. ACS denies having acted in concert with Southeastern.
Aeropuertos Andinos, an Argentine-Peruvian consortium, has won the 25-year concession to modernise and operate six airports in the south of Peru.
The firm’s latest MENA vehicle, the first of its kind, opens up certain sectors for Gulf-based LPs in Carlyle’s $500m MENA fund.
Veolia Transport and Transdev have received approval from the French regulator to proceed with their merger plans, which will create one of the largest transport groups in the world with more than €8bn in sales. The new vehicle is expected to go public in the next 12 months.
ING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
The Spanish firm has amassed a stake of 30.34% in Hochtief, crossing the 30% threshold it needs to pursue a majority stake on the open market. Acceptance of the takeover offer now ends on January 18.
The Japanese bank issued a statement saying that it has yet to decide on any European asset acquisitions. The comments are in response to media reports yesterday claiming the bank is poised to acquire RBS’ project finance portfolio, valued at £4bn.
The portfolio company of emerging markets private equity and infrastructure investor Actis has acquired the shareholdings of EDF Group and ABB Equity Ventures in the Azito gas-fired power plant in Abidjan, Cote d’Ivoire.
The Portuguese government has set up an independent workgroup that will re-evaluate its PPP programme and, possibly, renegotiate conditions for signed PPPs. Lisbon’s new airport is unlikely to go ahead as a PPP, with question marks also hanging over the fate of the Lisbon-Madrid high-speed railway line.
HSBC has leapfrogged BNP Paribas to take the lead in InfrastructureInvestor Assets' third-quarter league table for lead debt arrangers. In a subdued three months, HSBC was part of a consortium of banks providing finance for the Singapore Sports Hub project.
Deal flow decreased from $58bn of global deals closed in the second quarter of the year to just around $34bn in the third quarter. Bruno Alves scans the latest data
Two consortia led by Global Infrastructure Partners and Morgan Stanley have submitted final bids for Australia’s Port of Brisbane, both thought to be below the government’s valuation of $2.4bn. A winner should be officially announced next week but the deal’s ‘old market structure’ may push some banks away.
Sniper Capital-managed London-listed Macau Property Opportunities Fund is to begin development on its first investment in mainland China, an industrial warehouse scheme. The firm is attempting to tap into opportunities arising from the forthcoming construction of the Hong Kong-Zhuhai-Macau bridge.
At a recent hearing assessing the impact of the Crisis on privately financed infrastructure projects in the UK, the head of the National Audit Office acknowledged ‘there might be a case’ for government and taxpayers to obtain a profit from equity sales taking place in the secondary markets.
The private equity firm has got three members appointed to Abertis’ board of directors: Javier de Jaime, Santiago Ramirez and Jose Antonio Torre de Silva. CVC bought a 15.55% stake in the Catalan firm in August from shareholder ACS for €1.7bn.