Financial services firm Towers Watson said following a recent report regarding pension fund investments in alternative asset classes that investors should pay ‘careful attention to the net of fees proposition, in particular for infrastructure’.
Envirogen Technologies, a US investment business owned by Amplio Group, the London-based renewable energy investor and operator, has raised $50m in equity financing for a pipeline of design, build, operate (DBO) projects in the environmental treatment sector.
The 53km road in the south of Finland is part of European Road 18 and will require capex of €285m. Part of the concession, which will last for 15 to 25 years, will require greenfield construction with the contract to be backed by government availability payments.
The IFC has sold to Mizuho a funded risk participation in US dollars for a portion of an Indian rupee-denominated loan used to finance India’s first electricity transmission project. The deal is expected to pave the way for foreign banks to help fund projects in emerging markets without any need to fund in local currency.
The Egyptian private equity and infrastructure investment firm will receive up to $100m in commitments from the Overseas Private Investment Company (OPIC) after responding to a ‘call for proposals’ from the latter towards the end of last year.
Prime Minister Vladimir Putin has announced the government wants ‘to turn aviation infrastructure into a prospective and attractive platform for investment’ following the success of the public-private partnership to modernise Pulkovo Airport.
This week’s unveiling of a possible buyout of Abertis brings to mind football and chess, writes Bruno Alves.
The firm, which has more than £2bn in cash and undrawn facilities, is tentatively increasing its investment pace.
The stakeholders have confirmed discussions with CVC for the private equity firm to become a shareholder in Abertis, which may involve a buyout of the developer. Reports suggest CVC will inject the majority of the equity needed for the buyout vehicle with debt coming from a bank club led by Mediobanca. The buyout could be worth over €25bn.
While the government says half a trillion dollars of private sector investment in infrastructure will be needed if India is to meets its development goals, financial sponsors say fundable projects with scale are still hard to find.
The new coalition government has scrapped the previous government’s programme to refurbish all of England’s state-backed secondary schools. In practice, 715 projects have been cancelled while 706 will proceed where they have been completed or reached financial close.
While the government says half a trillion dollars of private sector investment in infrastructure will be needed if India is to meets its development goals, financial sponsors say fundable projects with scale are still hard to find.
The Spanish competition authority has suspended trading of shares in Abertis after they rose sharply earlier today on news that its main shareholders – La Caixa and ACS – are in talks with private equity firm CVC Capital Partners regarding a €25bn buyout of Abertis.
The International Finance Corporation has agreed to invest $120 million in Egyptian Refining Company, a $3.7 billion oil refinery in Greater Cairo. Citadel Capital, the Cairo-based private equity firm, is a principal investor in the refinery.
LUXCARA Asset Management, a German investment firm specialising in sustainable energy, has acquired an 18-megawatt photovoltaic power station in Senftenberg in Brandenburg, Germany.