The international law firm has relocated London partner Christopher Cross to Dubai, where he will continue to be part of the firm’s infrastructure and project finance practice. Hogan Lovells has announced a number of moves in recent months designed to beef up its presence in key jurisdictions.
The two fund managers are part of a shortlist of three drafted by the UK’s £760m Northumberland Pension Fund to receive the pension’s debut infrastructure commitment. KKR had originally been awarded the mandate, but the contract was annulled following the departure of team member Simon Hipperson.
The French fund manager is due to hold an interim close this week that should take the amount raised for its third infrastructure fund to around €650m. AXA is aiming for a final close of between €1bn and €1.5bn later this year.
Together with Allianz Capital Partners and Abu Dhabi Investment Authority, the Canadian pension plan has agreed to acquire a 24.1 percent stake in Gassled, a gas transportation business, from Norwegian oil company Statoil.
The acquisition of a 75% stake in the Brentwood Community Hospital PFI takes the number of assets in HICL’s portfolio to 41. HICL has almost tripled the size of its portfolio over the last five years.
Spain’s highest tribunal has ordered the government to compensate the operator of the Madrid-Toledo toll road. The historical sentence sets a precedent for other troubled toll road operators seeking compensation from the government.
Our second ranking of the 30 largest infrastructure investors in the world is dominated by independent fund managers and marked by the rise of several pension schemes.
The 30 largest infrastructure investors have formed $183.1 billion for the asset class over the last five years – a more than 30% increase from the $140.5 billion totalled in last year’s debut ranking. Goldman, CPPIB, Ferrovial and APG Asset Management join Macquarie in the top five.
Our second ranking of the 30 largest infrastructure investors in the world is dominated by independent fund managers and marked by the rise of several pension schemes.
Macquarie and Goldman held on to the two top spots of our second annual ranking of the 30 largest investors in the asset class. CPPIB, Ferrovial and APG Asset Management rounded off the top five.
Peter Jacobs has replaced Cheryl Fisher as the EIB’s new head of project finance for Western Europe. Fisher leaves the role to become the bank’s head of energy.
F2i and IMI Investimenti have purchased Metroweb for an enterprise value of €436m. The sellers are Sterling Capital Partners and A2A. Intesa Sanpaolo, Mediobanca, Santander, Societe Generale and Centrobanca will provide debt for the deal, set to close at the end of June.
Global insurance group MetLife has provided Porterbrook with a £250m, 25-year amortising facility, which was used to refinance loans taken out by a consortium of investors shortly after it acquired the rolling stock company in 2008.
The Greek government is seeking to appoint advisers for stake sales in its main electricity producer, several ports, two water companies and the country’s leading telecom operator. Reports suggest the assets will be placed in an independent fund with the sales to be conducted with EU assistance.
The fund’s last investment comprised £23.5m of subordinated loans to five UK healthcare and accommodation projects. London-based Gravis expects to tap the market again later this year for a fresh round of fundraising.