The Dutch infrastructure fund has bought two road assets from renewable energy group NTR with French construction firm Egis picking up NTR’s roads maintenance business. The asset sales netted NTR €50m and mark an exit from almost the whole of its toll roads portfolio.
David Bonderman, TPG’s founder, reportedly has said he is interested in the country’s aviation sector, including airports.
In the build–up to the Marathon of Marathons on 31 Oct, we talk to some of those taking part. Here, Bjorn Tremmerie, a principal at the European Investment Fund, reveals his injury setback, talks of his determination to achieve a top-quartile finish – and reaches for a tulip bulb analogy
A proposal allowing the French government’s €10bn debt guarantee – which can cover up to 80% of the commercial debt used in public-private partnership deals – to be extended beyond its original closing date of December 31 2010 is set to be sent to the legislature next month.
The Swiss firm’s five MoM contenders are in the final stage of their training programme, and their €50k fundraising effort is also on track.
Lawmakers can open doors for infrastructure investors as well as close them.
Sponsors, banks and public authorities have started on the ‘long and winding road’ to reaching financial close for the €7.8bn high-speed rail line connecting Tours and Bordeaux. But is an end of year deadline too ambitious to gather €1.6bn in commercial debt and some €800m in equity?
Tom Sikorski has left the energy-focused private equity giant and is understood to be planning a new venture.
The fund manager is in discussions with a fourth investor to conclude the last stake sale in the ongoing equity syndication of Gatwick airport. The deal could see the Gatwick owner sell a 9 percent stake in the airport for more than £70m, maintaining a 51% controlling stake in the asset.
A team led by Italian developer Astaldi will build a 421-km highway linking Izmir to Istanbul. The highway is expected to generate revenues of $23bn over the life of the concession. Financial advisers Citigroup, Akbank and BIIS are in the early stages of putting together a debt package of close to $5bn.
The German infrastructure group has set up a special committee on its supervisory board to respond to the bid that excludes the two members from ACS currently sitting on the board. It has also hired Goldman Sachs, Credit Suisse and Deutsche Bank to advise it on its options.
Two of Goldman’s infrastructure funds have acquired a combined 80% stake in Endesa’s 3,800-kilometre Spanish gas distribution network for €800m. Endesa will be able to buy back the stake either five years or seven years after the closing of the deal, expected later this year.
The EU-focused infrastructure investment firm, which is currently raising its debut fund, has appointed three independent members to its management board and investment committee. This follows swiftly from three new hires at Marguerite Advisor, the fund’s advisory company.
The listed Australian infrastructure investor, which is jointly owned by RREEF Infrastructure and Cheung Kong Infrastructure, has concluded a strategic review by deciding to embark on a new capital raising exercise rather than sell full or partial stakes in its management company and/or investee firms.
Fundraising for the Marathon of Marathons is now around halfway towards its €2.5m target. Find out how you can become a member of the event’s prestigious Supporters Club, which has been busily signing up new members.