Sergio Ronga has taken over at the head of Macquarie Capital Advisers’ UK and European debt advisory team from Spence Clunie, having been part of the business almost since its inception. Clunie left Macquarie earlier this year to launch new business Ancala Partners.
As it strives to achieve value for money, the UK government should avoid alienating the private sector partners it needs more than ever, writes Andy Thomson.
The Infrastructure Planning Commission is, as expected, one of the 192 quasi-autonomous non-governmental organisations that have today been officially abolished by the UK’s coalition government.
Thierry Deau is leading a team of runners from Paris-based fund manager Meridiam Infrastructure as part of a 250-strong line-up for the groundbreaking Marathon of Marathons. Deau reveals his motivations and how training is progressing.
UK developer John Laing has announced its intention to float a new fund – the John Laing Infrastructure Fund – on the London Stock Exchange, with the intention of raising up to £270m. The proceeds from the float will buy mature assets from John Laing itself.
As it strives to achieve value for money, the UK government should avoid alienating the private sector partners it needs more than ever.
Renewable energy investment firm Good Energies has invested a reported $200m alongside Google and Marubeni Corporation in the development phase of the $5bn Atlantic Wind Connection, a ‘transmission backbone’ to be built in 2013 off the US Atlantic Coast to service offshore wind farms.
The developer is leading a consortium which has been awarded a 30-year public-private partnership contract to design, finance, construct, operate and maintain a new sports stadium in the French city of Nice. The project also encompasses a sports museum and real estate programme.
An agreement to sell the bank’s rolling stock unit could be signed later this month or in early November, with financial close expected a month after. A Morgan Stanley/3i consortium is trying to raise £1.2bn in bank debt and £500m in bonds to fund the acquisition.
Barclays Infrastructure Funds, the infrastructure equity investment arm of Barclays Bank, has closed its sixth infrastructure fund on £645m. The firm claims to be pleased with the final amount given prevailing market conditions since it was launched – despite falling shy of an £800m initial target.
The engineering firm, which holds close to 17% of Canada’s 407 ETR toll road, plans to use its right of first refusal as an existing shareholder to try and buy a 10% stake in the road put up for sale by majority shareholder Ferrovial. The news comes as Ferrovial said it had agreed to sell the stake to CPPIB.
The real estate fund manager has invested £16.7m in the development of a waste-to-biomass power plant in Cambridgeshire, England.
The former Macquarie and HSBC veteran has joined Lazard as a managing director in the power, energy and infrastructure group of the financial advisory firm. Rossman, who will be based in New York, worked for Lazard from 2003 to 2005.
Australian investment bank Macquarie is considering selling its 49% stake in Newcastle airport in the north-east of England, according to a report. The stake is owned by Copenhagen international airport, in which Macquarie owns a controlling majority.
Spence Clunie, former head of Macquarie Capital’s UK and European debt advisory business, is in the process of launching a new business, Ancala Partners, and is understood to be seeking to raise a fund of €750m to €1bn.