Glenn Stone, project finance partner at financial adviser Grant Thornton, in the UK, has been appointed head of infrastructure for the firm’s US division. The firm will target high-speed rail in the US.
A government minister has predicted that the year ahead will see high-speed rail projects in the UK gather momentum, as a landmark report on the sector is published.
The Marathon of Marathons aims to raise €2.5 million for children’s charities via 250 runners in the 2010 Athens Marathon. PEI - with some help from Ewan McGregor - looks at why GPs, LPs and affiliates will run in the 2,500-year-old footsteps.
The Abu Dhabi Investment Authority is reported to have joined one of Canada’s largest pension funds to submit a bid for EDF’s UK electricity network. Goldman Sachs and advisory firm Lexicon Partners have reportedly been appointed to advise the consortium on their bid.
Ferrovial’s toll road subsidiary has sold a 60% stake in its Chilean business to Colombian infrastructure operator ISA. Cintra manages over 907 kilometres of road in Chile.
PEI Asia asked industry professionals to name their good, bad, and ugly of 2009 and look ahead to what changes 2010 might usher in. Here Tim Sims, founder and managing director, Pacific Equity Partners, Sydney, shares his views.
Government guarantees, a €1.5bn European infrastructure fund and the overarching presence of the European Investment Bank marked Europe’s infrastructure-friendly response to the crisis.
The Dallas Police and Fire Pension System’s successful partnership with Cintra on the $2bn North Tarrant Expressway project set a precedent for LPs’ direct infrastructure investment in the US market. Could it be the start of a new trend?
Midway’s failed $2.5bn lease showed that a major US airport can indeed be privatised. To resurrect the deal in a politically viable way, Chicago will need a bid that matches or tops that price, and in 2009, at least, few saw that as a possibility.
As infrastructure emerges as a distinct asset class, investors want lower fees than the ‘2 and 20’ model prevalent in private equity.
InfrastructureInvestor looks back at 10 of the top infrastructure bankers operating in 2009. Chances are that in 2010 some of these financiers will lend their balance sheet to getting your next infrastructure deal done.
PEI Asia asked industry professionals to name their good, bad, and ugly of 2009 and look ahead to what changes 2010 might usher in. Here Luis Miranda, president and chief executive officer, IDFC Private Equity, Mumbai, shares his views.
DIF has acquired 50% of Amey’s portfolio of 10 PFI projects while the Innisfree PFI Secondary Fund has scooped Kier’s 50% interest in two schools projects.
A Sydney toll road refinancing has taken Transurban’s total refinancing this year to €1.5bn. Six banks provided debt.
Matrix, AAC, Apax and LDC are among firms ending 2009 with fresh deals. Meanwhile, lawyers are lining up PE-backed IPOs and big ticket auctions continue for companies like Bridgepoint's Pets at Home.