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.
BBVA, Export Development Canada, Intesa San Paolo and KfW are providing A$366m in debt for the project, which will also be funded with a A$365m grant from the Queensland government.
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.
The infrastructure fund of M&G Investments has acquired Alticom Holdings from TDF Group. The purchase is Infracapital’s first Dutch and telecommunications deal. Dexia and ING are backing the acquisition with debt.
For pension funds to play a significant role in addressing the world’s future infrastructure investment needs, they must be granted more flexibility.
Germany’s Allianz Capital Partners has made a second investment in the Norwegian gas transport network in the space of three days. On Monday, it was part of a consortium that acquired 24.1% of the business - today, it has added another 6.4% from a different seller.
BBVA, CIC, Dexia, Natixis and SG are backing a consortium led by a subsidiary of Bouygues in the financial close for the 30-year contract to build and operate France’s new Ministry of Defence. The €806m loan will start syndication this month to European banks.
The Indian developer and the investment arm of the Malaysian government have agreed to form a jointly held infrastructure development company with a focus on India’s roads sector.
A club of three commercial banks together with the EIB are providing €298m in debt for a 58-kilometre stretch of the A8 highway, the first project in the second wave of Germany’s A-model highways to reach financial close.
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.
What impact will the dramatic increase in shale gas reserves have on the power project finance market in the US? Keith Larson of Hogan Lovells provides answers