Global Ports Investments, which handles 30% of all Russian container traffic, has successfully listed on the London Stock Exchange, marking the first, post-crisis IPO of a Russian transport company. The EBRD was an investor, paying $70m for a near-3% stake in the ports operator.
The French private equity firm has invested a further €15m in Fonroche Energy following an initial €25m equity investment in April last year. Fonroche has also signed a €52m credit line with a banking syndicate led by Credit Agricole.
The Paris-based fund manager, which is raising a debut €1bn fund for investment in the southern and eastern Mediterranean, has announced the hire of Gary Neville from John Laing – bringing to an end the recruitment of its management team.
The UK core infrastructure developer and investor has raised over £100m for its second fund, boosted by three new capital commitments. The fund, which posted a first closing on £70m in January this year, has a final target of £150m.
The fund has completed the refinancing of its corporate credit facility through an agreement with existing lenders which lengthens the facility and reduces it in size.
The Macquarie Renaissance Infrastructure Fund, Russia’s first ever infrastructure fund, has closed with $630m of commitments after three years on the fundraising trail. The fund has only done one deal, acquiring a 16 percent stake in Russia’s largest privately owned rolling stock company.
The London-listed infrastructure investor has acquired an interest in the South Ayrshire Schools PPP for £15.75m. The schools included in the finance, design and construction project are all now operational.
The fund has reached a first close with $479m in commitments from institutional investors from Europe, North America and Asia, including PGGM and the Korean Teacher’s Credit Union. It will also have access to an extra $250m for co-investments. Final close is scheduled for 2012.
The UK-based developer and investor has acquired a 50 percent stake in the Oldham and Rochdale street lighting projects in north-west England. Both projects involve 25-year concession contracts.
The infrastructure arm of EQT, the Swedish private equity firm, has acquired a majority stake in Argos Terminals, the storage and terminals business of Rotterdam-based oil and energy company Argos Group. EQT will aim to double the storage capacity of the firm over the next few years.
The Royal Adelaide Hospital, Australia’s largest public-private partnership in the health sector, also received A$300m in equity from five investors, the largest of which was InfraRed Capital Partners.
For pension funds to play a significant role in addressing the world’s future infrastructure investment needs, they must be granted more flexibility
The European Bank for Reconstruction and Development (EBRD) has approved an equity investment of up to €100m in a sub-vehicle that will form part of Meridiam’s second European infrastructure fund. Meridiam has raised at least half of the €1bn it is targeting for Fund II.
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.