The UK alternative asset manager has bought a £2m stake in a Scottish schools PFI project. The money has come from Foresight’s £33m Infrastructure VCT Shares, the largest VCT fundraising in 2011/12
Bank of Tokyo-Mitsubishi and the Japan Bank for International Cooperation provided half of the $100m first close of the CapAsia ASEAN Infrastructure Fund III. The fund is targeting $350m.
The French group paid €638m more than the second-highest bidder - a Fraport/IFM consortium - for the 50-year concession to manage Portugal's 10 airports.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from Vincent Levita (pictured), Mark Richards, Paul Malan and Alain Rauscher.
The infrastructure firms are part of the four consortia that have submitted binding bids for the privatisation of Portuguese airports operator ANA. Vinci is reported to have tabled the highest bid, with a winner set to be announced before the year ends.
A consortium of investors led by Macquarie has bought EDF Energy’s Sutton Bridge Power Station, an 819-megawatt combined cycle gas turbine power plant in south-east Lincolnshire, UK.
PensionDanmark, PKA and Sampension – three of Denmark’s largest pensions – have teamed up with real estate firm DEAS and developer MT Hojgaard to invest up to €670m in Danish PPPs.
The consortium, which also includes SNC-Lavalin and Veolia Transportation, will build a 13-station electric light rail line to replace on-street bus transportation in downtown Ottawa.
Abertis, together with Brookfield, has closed on the acquisition of OHL’s Brazilian toll road assets, spanning 3,226km, in a complex transaction which will spawn a takeover. Separately, Abertis also acquired 343km of Chilean toll roads from OHL for €204m.
The Australian fund manager is following this summer’s close of its debut €400m subordinated debt fund with a second offering to satisfy demand from institutional investors in Asia, Europe and North America.
The world’s largest infrastructure investor has launched a new infrastructure debt business, which has raised $500m from Swiss Re. Following BlackRock’s announcement of a new infra debt team earlier this week, it is clear that this previously nascent trend now has strong momentum.
The French fund manager has purchased 2,166 telecom towers in France from Bouygues. Today marks the first close on 1,873 towers with the rest to be transferred during the first quarter of 2013. Bouygues will retain a 15% stake in the assets.
Philippe Benaroya, Chris Wrenn and Gilles Lengaigne – who worked together at Blackstone/GSO for over 10 years – are launching BlackRock’s European infrastructure debt investment unit in London. The team will target investment grade infrastructure debt investments for insurers and other investors.
The N33 DBFM contract will get 70% of its debt via an inflation-linked loan from Dutch pension provider APG. The pension funding will kick in once construction ends and will refinance the bank debt provided by Bank of Tokyo-Mitsubishi, KfW-Ipex and Rabobank.
Leaked documents have put the spotlight on allegations of a kickbacks scheme involving Catalonia’s ruling party and several Spanish construction companies.