A consortium led by Egyptian private equity firm Citadel Capital has achieved financial close on a $3.7bn deal to construct a greenfield refining upgrade public-private partnership project in the Greater Cairo area.
The face-off between a local council and developer over plans for London Luton Airport appears to have been resolved – but provides a case study in how public/private relationships have changed
Iain Macleod (pictured) has joined independent fund manager iCON Infrastructure from Deutsche Bank, where he spent the last 11 years in roles including head of transportation and infrastructure for EMEA and head of M&A for Asia.
Through an unusual tie-up between a multilateral organisation and a private company, the International Finance Corporation and Norway’s Scatec Solar are seeking to develop solar power projects in Sub-Saharan Africa.
The French private equity firm is on track to raise €1.5bn for its third infrastructure fund. The close is dependent on the spinning-out of AXA Private Equity, which may be announced by the end of July.
Abertis believes the Jose de Mello/Arcus takeover bid for the Portuguese toll road operator ‘clearly undervalues Brisa’. The Catalan firm is also arguing that ‘a conflict of interest within Brisa’s board may be deemed to exist’.
The global private markets group has bought into two 90MW wind farms in Thailand, described as ‘the first utility-scale wind farms' in the country. The deals will benefit from an ‘adder’ tariff during the first 10 years of operation.
We explain how we put together the II 30
The UK Green Investment Bank has moved closer to going live with the formation of the public company and the appointment of Lord Smith as chair and Sir Adrian Montague as deputy chair.
The international law firm has filed for Chapter 11 protection to wind down its business, stressing it does not anticipate a return to business. Dewey & LeBoeuf had been steadily losing partners to other law firms over the last few months.
Macquarie Infrastructure and Real Assets will also invest $50m in the fund alongside Manila’s largest state-backed pension fund, which is providing a cornerstone investment of $300m. Two other undisclosed foreign investors are also anchoring the fund.
Aviva Life & Pensions UK, the EIB and the Development Bank of Japan have backed the debt fund’s first close. The Aviva/Hadrian’s Wall Capital vehicle is targeting £/€1bn to invest in low-risk infrastructure across the UK and Europe.
David Vickerman (pictured) has moved from Scotia Capital to join the new infrastructure investment team launched earlier this year by Greystone Managed Investments. The team is headed by Jeff Mouland, the former PSPIB and IFM veteran.
The Dutch fund manager is more than halfway to its final target of €600m after just four months on the fundraising trail. The firm has also announced that the fund will explore selective opportunities in Canada in addition to DIF’s traditional hunting ground of Europe.
The London-listed infrastructure fund manager saw the value of its portfolio rise from just over £673m to £902m between March 2011 and March 2012. Announcing its annual results, the firm revealed it had negotiated a fee reduction from its investment adviser, InfraRed Capital Partners.