The Netherlands-based international financial services firm has recruited two new hires to its New York-based Renewable Energy & Infrastructure Finance (REIF)-Americas business.
The fund, billed as the UK’s first ever bank-led UK infrastructure debt fund, has already been seeded with £200m of assets. The fund’s ‘sweet spot’ will be loans of up to £80m, enticing sponsors to bypass the traditional bank club structure.
The international law firm has recruited John Pierce as a partner in its Seattle corporate and finance practice from rival Wilson Sonsini Goodrich & Roasati. Pierce specialises in the renewable energy sector.
AXA Private Equity, which earlier this week announced a major French wind farm investment, has now unveiled a new solar energy joint venture with Italian industrial company Tozzi Group. The joint venture builds on a partnership AXA and Tozzi formed in 2007.
The London-based law firm has hired Rinku Bhadoria as a partner in its energy and infrastructure group from rival Clifford Chance. The move follows two other recent hires as the group continues to expand.
The Spanish developer has consolidated all its worldwide concessions operations into one business, Isolux Infrastructure Projects. The business will have capital expenditure of €7.5bn for all the projects in which it is currently involved.
A consortium of insurance companies and pension funds, led by Commerzbank subsidiary Commerz Real, has reached agreement to acquire a 74.9% stake in Amprion, the largest of four German transmission system operators, from RWE.
Anthony Edwards has followed Alec Montgomery from RBS to fund manager Industry Funds Management (IFM) in New York. When Montgomery left RBS for IFM in 2008, Edwards assumed the role as RBS’ head of infrastructure financing for North America that Montgomery left behind.
In a bet on the Iberian Peninsula’s growing demand for hydropower energy, the infrastructure fund manager led the acquisition of Renewable Power International, an operator of 17 mini-hydropower plants across Spain and Portugal.
The London-based European fund manager has set up a new advisory board to help it 'get a foot in the door' in certain markets. The board has an initial four members, but will be added to over time.
Three consortia including Lend Lease, Infrared Capital and Macquarie Capital will now receive a request for binding bids to determine the winner for the 450-bed hospital. But a political faction in Queensland wants to cut the hospital’s price tag by A$400m.
The Philippines finance secretary has insisted that the country’s public-private partnership programme remains on track, despite the deferral of the Aquino administration’s first planned PPP last month.
The Public Private Partnership Approval Committee has given the green light to six new highways across India worth a combined $2.2bn. India has one of the world's largest roads refurbishment programmes said to total $50bn when completed.
The public-private partnership investor has raised about A$745m from three banks and has chipped in A$116m of its own equity to finance the construction and maintenance of 3,020 accommodation units at 14 defence facilities across Australia.
After a grim first quarter of 2011, global infrastructure fundraising picked up in the second three-month period. In total, $6.2bn was closed in Q2 compared with $2.2bn in Q1 – bringing the total raised to $8.4bn so far this year.