HSBC has leapfrogged BNP Paribas to take the lead in InfrastructureInvestor Assets' third-quarter league table for lead debt arrangers. In a subdued three months, HSBC was part of a consortium of banks providing finance for the Singapore Sports Hub project.
Deal flow decreased from $58bn of global deals closed in the second quarter of the year to just around $34bn in the third quarter. Bruno Alves scans the latest data
The infrastructure investment business of the Australian bank has been cut back following plunges in asset values and difficulties on the fundraising trail. According to a report, the firm has also reduced the management fee for its fourth European fund.
The private equity firm has got three members appointed to Abertis’ board of directors: Javier de Jaime, Santiago Ramirez and Jose Antonio Torre de Silva. CVC bought a 15.55% stake in the Catalan firm in August from shareholder ACS for €1.7bn.
UK Chancellor George Osborne's spending cuts sidestepped several road PFI projects, Nottingham Tram, Crossrail and a new high-speed rail network. A £1bn Green Investment Bank was also launched to help channel private sector investment into renewable projects.
Oleg Deripaska’s Basic Element has been given until November 5 to buy back a 25% stake in the Austrian builder. The Russian firm had to return its stake to Strabag’s main shareholders in late 2009 after it failed to refinance part of the debt it used to acquire it for €1bn in 2007.
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.
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.
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.
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 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.
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.