Airports operator BAA says it will consider a judicial review against the final decision of the UK’s Competition Commission (CC) that it needs to sell London’s Stansted Airport plus one of its Scottish airports – a process that the CC says should start within three months.
The London-based firm, which manages private equity and infrastructure programmes on behalf of global institutional investors and pension funds, has announced it will open new offices in Boston and Singapore in the coming months – in part to capitalise on co-investment opportunities.
AXA Private Equity has teamed up with French renewables producer neoen to agree the acquisition of the renewable energy activities of Poweo ENR from Austrian electricity firm Verbund. The deal will make the Paris-based private equity firm France’s fourth-largest wind farm operator.
Following the earlier announcement that Isolux Corsan has unified its global concession activities into a single business, US alternative assets firm Kohlberg Kravis Roberts and German insurer Munich Re have taken a 49% stake in assets operated by its solar photovoltaic subsidiary, Grupo T-Solar.
The London-based law firm has hired Rinku Bhadoria as a partner in its energy and infrastructure group from rival Clifford Chance. The move follows two other recent hires as the group continues to expand.
The Spanish developer has consolidated all its worldwide concessions operations into one business, Isolux Infrastructure Projects. The business will have capital expenditure of €7.5bn for all the projects in which it is currently involved.
The Austrian bank has backed the acquisition of a state-of-the-art hospital in Warsaw, Poland, in recognition of strong growth in Central and Eastern Europe’s healthcare sector.
A consortium of insurance companies and pension funds, led by Commerzbank subsidiary Commerz Real, has reached agreement to acquire a 74.9% stake in Amprion, the largest of four German transmission system operators, from RWE.
The new commitments allegedly include a re-up from an existing investor to the fund, which recently restructured to a ‘hybrid’ vehicle with a 15-year life that can be extended in five-year blocks.
Anthony Edwards has followed Alec Montgomery from RBS to fund manager Industry Funds Management (IFM) in New York. When Montgomery left RBS for IFM in 2008, Edwards assumed the role as RBS’ head of infrastructure financing for North America that Montgomery left behind.
North Queensland Airports, which operates two Australian airports and is majority-owned by institutional investors advised by JP Morgan Asset Management, has secured the refinancing from a club of five banks.
In a bet on the Iberian Peninsula’s growing demand for hydropower energy, the infrastructure fund manager led the acquisition of Renewable Power International, an operator of 17 mini-hydropower plants across Spain and Portugal.
A possible legal challenge is brewing as unions rage against UK job losses stemming from the award of a train PFI contract to a Siemens-led consortium.
The London-based European fund manager has set up a new advisory board to help it 'get a foot in the door' in certain markets. The board has an initial four members, but will be added to over time.
Three consortia including Lend Lease, Infrared Capital and Macquarie Capital will now receive a request for binding bids to determine the winner for the 450-bed hospital. But a political faction in Queensland wants to cut the hospital’s price tag by A$400m.