Recent moves by Macquarie, Global Infrastructure Partners and Morgan Stanley demonstrate why the words ‘short-term’ should more often find themselves into the lexicon of infrastructure investors.
Chicago Parking Meters, the Morgan Stanley Infrastructure Partners-backed company that owns a 75-year concession on the city’s parking meters, has successfully managed to sell $600 million of senior secured notes. Reuters first reported on the sale, which was confirmed to Infrastructure Investor by a Morgan Stanley spokesperson. The bonds will mature on December 30, 2020, […]
The Japanese bank issued a statement saying that it has yet to decide on any European asset acquisitions. The comments are in response to media reports yesterday claiming the bank is poised to acquire RBS’ project finance portfolio, valued at £4bn.
The UK may rank behind Portugal in terms of infrastructure investment. But as it prepares to catch up, it should avoid some of the decisions that propelled its EU neighbour up the charts.
The portfolio company of emerging markets private equity and infrastructure investor Actis has acquired the shareholdings of EDF Group and ABB Equity Ventures in the Azito gas-fired power plant in Abidjan, Cote d’Ivoire.
The Portuguese government has set up an independent workgroup that will re-evaluate its PPP programme and, possibly, renegotiate conditions for signed PPPs. Lisbon’s new airport is unlikely to go ahead as a PPP, with question marks also hanging over the fate of the Lisbon-Madrid high-speed railway line.
HSBC has leapfrogged BNP Paribas to take the lead in InfrastructureInvestor Assets' third-quarter league table for lead debt arrangers. In a subdued three months, HSBC was part of a consortium of banks providing finance for the Singapore Sports Hub project.
Deal flow decreased from $58bn of global deals closed in the second quarter of the year to just around $34bn in the third quarter. Bruno Alves scans the latest data
Two consortia led by Global Infrastructure Partners and Morgan Stanley have submitted final bids for Australia’s Port of Brisbane, both thought to be below the government’s valuation of $2.4bn. A winner should be officially announced next week but the deal’s ‘old market structure’ may push some banks away.
Australia’s A$69bn Future Fund has continued to grow its real estate exposure, reporting increased assets of 1.2 percent to A$3.4 billion from the six months to 30 September. According to the fund’s annual report released today further increases to real estate and other “tangibles” are planned.
Sniper Capital-managed London-listed Macau Property Opportunities Fund is to begin development on its first investment in mainland China, an industrial warehouse scheme. The firm is attempting to tap into opportunities arising from the forthcoming construction of the Hong Kong-Zhuhai-Macau bridge.
At a recent hearing assessing the impact of the Crisis on privately financed infrastructure projects in the UK, the head of the National Audit Office acknowledged ‘there might be a case’ for government and taxpayers to obtain a profit from equity sales taking place in the secondary markets.
Governments need to be more accommodating to private capital before it will flow freely. The story of Indonesia is a case in point.
The infrastructure investment business of the Australian bank has been cut back following plunges in asset values and difficulties on the fundraising trail. According to a report, the firm has also reduced the management fee for its fourth European fund.
The private equity firm has got three members appointed to Abertis’ board of directors: Javier de Jaime, Santiago Ramirez and Jose Antonio Torre de Silva. CVC bought a 15.55% stake in the Catalan firm in August from shareholder ACS for €1.7bn.