Global Infrastructure Partners, the New York-based infrastructure fund manager, and Montagu Private Equity, the London-headquartered private equity firm, have agreed to acquire Greenstar, a UK waste management firm, for £135m. Greenstar will be combined with Biffa, a larger rival jointly owned by the two GPs.
The Spanish infrastructure group has received several offers for its 65% stake in Naples airport in a deal that could net the company up to €200m.
The transport ministers of the three Mediterranean countries signed a memorandum of understanding yesterday pledging full political support for a high-speed rail network connecting the three countries. The document also asks the EU to prioritise the rail axis with more funding.
The Australian energy group, jointly owned by Macquarie and AMP Capital, has started a sale process for its 29% holding in Duquesne Light, a transmission company serving close to 600,000 customers in Pittsburgh and surrounding regions.
A senior executive at Invesco Perpetual has predicted that a tough determination by UK water regulator Ofwat towards the end of last year could end up driving equity investors away from the sector. Criticism of the review is not universal, however.
The German group will list its Australian construction unit – now known as Valemus – in July in a bid to raise up to A$1.4bn.
The renewable energy space threatens to become a lot less attractive. Here's why.
The listed vehicle – GCP Infrastructure Investments – will be floated on the London Stock Exchange and will serve as a feeder fund for the GCP infrastructure fund, launched around this time last year. It aims to provide subordinated debt to UK PFI projects.
The senior management of HSBC’s infrastructure and real estate arm is in talks with the parent bank regarding a management buyout. The deal would leave HSBC with a 20% stake in its specialist unit and would pre-empt expected regulatory changes that could impact banks’ ownership of private equity vehicles.
The London-based environment-focused fund manager and adviser has established a new European renewable energy infrastructure asset management team headed by former Infracapital Partners principal Stephen Lilley.
KKR’s recent East Resources exit – coupled with HitecVision’s specialist energy fund close this week – is further evidence that the energy sector remains active and vibrant for private equity investors, writes Christopher Witkowsky.
The renewable energy space threatens to become a lot less attractive. Here's why:
The French construction giant has posted first-quarter 2010 results showing a big reduction in its net debt but a slight fall in its operating profits and sales.
Scottish and Southern Energy and Borealis Infrastructure, the infrastructure investment arm of Canadian pension OMERS, have scaled down their joint bid for EDF Energy Networks, the UK electricity network of French energy group EDF. The two firms will not now seek an ownership interest ‘that would need to be funded by issuing new shares’.
Australia’s A$68 billion sovereign wealth fund has increased its exposure to real estate over the last year. But will commingled fund managers benefit? PERE Magazine June 2010 issue.