London’s High Court told the 22 LPs looking to press charges against the Henderson PFI Secondary Fund II that they will have to forfeit their limited liability status if they wish to proceed with legal action.
The consortium operating the road – which includes Macquarie and Queensland Investment Corporation – has called a halt to trading of its securities after much lower-than-expected traffic potentially cut the road‘s enterprise value to less than its $3bn of outstanding debt.
The Dutch investor is in a consortium with Hochtief, Royal Boskalis Westminster and VolkerWessels that has taken the lead for the contract to rebuild, widen and maintain the A1 and A6 motorways.
The emerging markets private equity and infrastructure investor is participating in the development of two solar plants and one wind farm in South Africa requiring investments of over €500m.
A media and political storm has descended on the UK’s privately managed water industry with Thames Water, whose largest shareholder is Macquarie, in the eye of it.
Twenty-two LPs in the Henderson PFI Secondary Fund II squared off against the fund manager in London’s High Court this week over the purchase of developer John Laing.
With two months to go before 2012 ends, the EU-focused Marguerite Fund is still shy of more than half the funds needed to reach its stated €1.5bn final close target. Most of the fund’s current sponsors are state-backed financial institutions.
CIC International joins Qatar Holding as the second sovereign wealth fund to recently take a stake in the former BAA, now known as Heathrow Airport Holdings. CIC paid £450m for the stake to Ferrovial and other shareholders. Ferrovial now owns 33.65% of Heathrow Airport Holdings.
Macquarie’s Everbright China vehicle, which by June last year had secured $729m in commitments, has made its first two investments in Chinese companies – one an environmental waste specialist and the other a water supply project.
Deutsche Bank's year-long, aborted sale of RREEF took its toll on the asset manager's second infrastructure fund. The fund is now going back to the drawing board, to be relaunched in 2013. It will, however, get to keep the €620m it reached a first close on.
Once the contract is closed, Sacyr will count five road concessions in Chile. The Spanish developer will refurbish and widen a stretch of Ruta 43 spanning 86km.
The Australian fund manager has bought a 49% stake in the holding company for Newcastle International Airport. The seller was the Macquarie-owned Copenhagen International Airport, which expects to make profits of over €100m from the deal.
Spain’s Ferrovial, Brazil’s CCR and a number of other investors from Latin America are said to be among the candidates that submitted non-binding bids for the privatisation of Portuguese airports operator ANA.
With 2012 coming to an end, it is looking likely that it will be remembered as the year the infrastructure debt market truly took off.
The French private equity firm is targeting a final close next February on between €1.2bn and €1.3bn and has already invested at least €500m of the capital raised