The private equity firm will join Criteria CaixaHolding, Torreal and ProA Capital as a shareholder in Saba Infraestructuras, the car parking and logistics business that spun out of Abertis earlier this year for €400m.
The UK-listed infrastructure fund manager has made an investment in the second phase of a three-phase Building Schools for the Future (BSF) scheme in the north-west of England. INPP bought a £60m portfolio of BSF interests in August.
Expectation is growing that the government will announce a plan to channel up to £50bn of pension money into UK infrastructure. But is this credible, or just political hot air?
HM Treasury will engage the private sector with a view to reforming the PFI model, making it lower cost and better value for money. The new model will involve greater pension fund investment, fuelling rumours of the imminent launch of a £50bn ‘pension infrastructure fund’.
The London-based placement agent has hired James Wardlaw to its specialist infrastructure practice as a partner. Wardlaw has extensive investment banking experience, as well as having spent a number of years as a government official.
The Irish government has shelved Dublin’s Metro North metropolitan rail project, which was being undertaken as a public-private partnership. Bidders including Barclays Private Equity and Macquarie Capital will be compensated for the cancellation.
Following last year’s acquisition of RBS’ project finance portfolio, Bank of Tokyo-Mitsubishi has now sealed the deal to acquire RBS Australia’s 18-member project finance advisory team. The deal is expected to close early next year.
Sea Fibre Networks, a company building a fibre optic cable link between Ireland and the UK, has raised $15m in equity and debt. The link will more than double telecom capacity between the two countries.
A new technology platform to be launched next year by the African Development Bank and Silicon Valley’s Zanbato Group is aiming to promote African infrastructure asset sales and capital raisings.
The Texas Department of Transportation has issued a Request for Information for a State Highway 183 project expected to result in a public-private partnership. The process will run until February 2012.
Almost two years ago, all the talk in Europe was around the new phenomenon of infrastructure debt funds. Andy Thomson wonders why things have gone quiet.
In its latest six-monthly results statement, the London-listed infrastructure investment firm saw mark-to-market declines and foreign exchange losses hit its return figures. But the fund delivered strong portfolio income, and said 81% of its portfolio was ahead of budget in performance terms.
Bob Dewing, a consultant for JP Morgan Asset Management for the past nine months, has joined the unit to create a dedicated infrastructure debt team. The new team will target ‘seasoned loans with attractive risk adjusted yields originated by project finance banks’.
US investment giant Kohlberg Kravis Roberts has hired the two founders of oil & gas company RPM Energy as managing directors in its global energy & infrastructure business headed by Marc Lipschultz.
Political risk was cited as a major bugbear by those who gathered last month for an Infrastructure Investor-hosted roundtable on US infrastructure at the Plaza Hotel in New York.