Separation between wholesale and retail price controls will go ahead, but Ofwat’s proposed ability to shift activities accounting for up to 40% of water firms’ total revenues outside of the current price control framework have been nixed.
The London-based private equity and real assets adviser and manager has brought on board Joachim Suter as an investor relations partner. Suter was previously at Macquarie Infrastructure and Real Assets.
A consortium of Enagas, Borealis, Antin Infrastructure Partners and Oman Oil Company said it will not present a binding offer for French oil company Total’s gas network on February 4. That leaves two consortia in the running.
A consortium of Enagas, Borealis, Antin Infrastructure Partners and Oman Oil Company said it will not present a binding offer for French oil company Total’s gas network on February 4. That leaves two consortia in the running.
A team of Barclays Infrastructure Funds, FIDEPPP, Spie Batignolles and GEPSA have reached financial close on two lots of prison PPPs. Natixis, Societe Generale, Bank of Tokyo Mitsubishi and Sumitomo Mitsui Banking Corporation are providing debt for the deals.
The ratings agency placed the ratings of some $1.5bn of private debt on negative watch with a threat to downgrades of more than one notch if the Norwegian government goes ahead with its proposals to cut gas transportation tariffs for future contracts by 90%.
The sale price amounted to 15.6 times the airport’s 2012 EBITDA. As part of the deal, IFM is also taking a 35.5% equity interest in MAG, a UK airports operator owned by 10 local councils. The deals mark IFM’s first airport acquisitions outside of Australia.
Andrea Echberg, former head of infrastructure in the principal finance team at Societe Generale, has joined the London team of private equity and infrastructure investment firm Pantheon as partner and head of European infrastructure investments.
Allianz, ADIA, CPPIB and the Public Sector Pension Investment Board expect dividends to be safe ‘until at least 2017’ if the Norwegian government’s proposals – which will only affect future gas transportation contracts – are fully implemented.
Norway’s proposal to cut tariffs for future Gassled gas transportation contracts by 90% is a rude reminder that regulatory risk is alive and well in 2013.
The Amsterdam-based fund manager has acquired 11 solar PV plants capable of generating 22.6MWp. The deal was done from its third infrastructure fund, which has raised €463m.
The French fund manager’s partners completed a management buyout late last year that saw them buy the 40% stake original sponsor BNP Paribas held in the business, acquiring full ownership of the firm. BNP Paribas was a seed investor in Antin’s first infrastructure fund to the tune of €300m.
Consortia including AXA Private Equity, ADIA, GIC and Borealis are gearing up to submit binding offers for French oil company Total’s gas network on February 4.
The French fund manager has acquired a 55% stake in fibre optic network operator ADTiM from French companies ETDE, Axione and Eiffage. The deal was the last from InfraVia’s first infrastructure fund, with project financing from Credit Agricole.
The US private equity firm has agreed to make a common equity investment in China’s United Envirotech Limited. The latter operates a portfolio of waste water treatment plants across China.