The partners – together with local Croatian company Viadukt – have won a €324m contract to build a new terminal and operate the airport for a 30-year period.
Most of the investors in the French fund manager's second, European-focused infrastructure fund are institutional investors from Asia, Australia, Europe and North America that have not invested with the firm before.
The San Francisco-based fund manager has appointed former investment banker and current politician David McSweeney to focus on origination in the core infrastructure space in North America. It follows the firm’s appointment of new chief investment officer Christopher Lowe last month.
Farhad Billimoria, one of four founding members of AMP Capital’s New York team, is leaving the firm to join the infrastructure investment operation at US pension giant CalPERS. The former head of AMP’s US team, Tom Majewski, left for RBS in September last year. Only two team members currently remain.
The French fund manager has closed its second infrastructure fund, raising €300m more than it did for its first infrastructure vehicle, which closed in 2008. Meridiam is said to be still fundraising for its $1bn North America-focused fund, which is scheduled to close in summer.
David Rees, formerly of international utility National Grid, has joined Rob Verrion as co-head of asset management for European infrastructure in AMP Capital’s London office.
The €700m takeover bid for Portuguese toll road operator Brisa is a classic example of how long-term investors can profit from a bad moment in a company’s history.
The Paris-based fund manager – together with Acciona and Cintra – has been awarded a 30-year concession for a stretch of Spain’s A66 highway. The road deal is Meridiam’s second in Spain, after the same team signed up to build a €150m portion of the A334 freeway in Almeria.
Power Line Services, a portfolio company of US-based fund manager Energy Capital Partners, has acquired two businesses – Snelson and IPS Engineering – as it grows west of the Rocky Mountains and adds pipeline construction to its activities.
Scott Charlton (pictured) has been hired to take the helm at the Australian toll road operator as a replacement for Chris Lynch, who resigned in January. Charlton, the former chief operating officer at developer Lend Lease, will assume the role in July this year.
Previously known as Credit Agricole Private Equity, the re-named Omnes Capital, which was acquired by private equity secondaries firm Coller Capital last week, will continue with a strategy that includes renewable energy and infrastructure.
The London-based fund manager has teamed up with Brisa’s largest shareholder to try to take it over. The partners are offering €2.66 per share for the Portuguese toll road operator and plan to de-list it if the takeover is successful.
In its pre-close trading update for the year to 31 March 2012, 3i Infrastructure – headed by Cressida Hogg (pictured) - has hailed strong performance from its European portfolio while describing ‘challenging’ market conditions in India.
The new Portuguese government has definitively abandoned plans to build a high-speed rail link between Lisbon and Madrid. The consortium that had been awarded the first stretch of the line is now claiming up to €300m in compensation from the government.
France accounted for 62% of the European public-private partnership market in 2011, with its big transport projects being the main reason the market’s size remained in line with 2010’s €18bn of transactions closed.