distressed Investment

Highly leveraged midstream companies are likely to default on loans, but natural gas, which has not seen commodity price volatility like oil has, is one bright spot.

Ten years on, the New Mexico Educational Retirement Board’s Mark Canavan recalls his experience during the global financial crisis and why he thinks it will be almost impossible to predict the next one.

The UN-backed vehicle has partnered EBRD to finance two plants with a combined 80MW capacity in the Benban park.

Speaking at a forum of business leaders, Citadel Capital’s Abdalla ElEbiary said 2013 would be a good vintage year for investors in the Middle East and Africa but that longer holding periods would be necessary. Citadel has a number of infrastructure assets in the region.

What should senior lenders expect in distressed TIFIA-financed projects? Timothy Walsh and Erich Eisenegger of McDermott Will & Emery investigate.

Campaign for Better Transport has criticised various methods that have been discussed for the privatisation of the UK road network. It calls for roads to be funded by public money and for private investors to focus on the rail sector instead.

Michael Horn, with 20 years’ experience in areas such as infrastructure and structured finance across Asia, has joined law firm Clyde & Co as a partner. His past deals included the A$695m acquisition and refinancing of Sydney’s Cross City Tunnel.

In an effort to accelerate job creation, the Obama Administration has announced that 14 infrastructure projects, including New York’s new Tappan Zee Bridge, will benefit from swifter permit decisions and environmental reviews.

Joe Sinyor, an operational expert who has held senior roles at private equity firm Terra Firma and media group Trinity Mirror, is to head Actis’ Value Creation Group, where he will oversee the performance of the firm’s infrastructure and private equity portfolio companies.