Dai-Ichi Life Insurance has announced that it has completed its first acquisition finance investment, for High Speed 1, a British railway concession, and first loan to an Australian project, for the refinancing of the Victoria Desalination Project.
Infrastructure/PPP news in Europe
Macquarie European Infrastructure Fund 5 (MEIF5), which is managed by Macquarie Infrastructure and Real Assets (MIRA), has agreed to acquire a majority stake in INEA, the leading telecommunications and fibre-to-the-home (FTTH) network operator in Western Poland.
Infranode has achieved final closing on its first fund reaching SEK4.45 billion (US$524.68 million) with AP4 joining an already strong group of local pension funds and the European Investment Bank (EIB). The capital will be invested long-term in Nordic infrastructure.
Regional & City Airports (RCA), the airports management division of Rigby Group plc, has completed its fourth regional UK airport acquisition with the purchase of Bournemouth Airport for an undisclosed sum.
NI Water has announced the acquisition of Kelda Water Services’ holdings in four treatment plants that provide almost half of the treated water in the region.
Europe’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of €700 million (US$ 832,29 million); ensuring continued support for key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
TINC, the infrastructure investor listed on Euronext Brussels, has acquired additional participation in the public-private partnership for the realization of the new A11 highway located between Knokke and Zeebruges, Belgium.
The Management Board of the Sea Port in Gdańsk (MBSPG) have announced that they intend to launch a tender to conduct a feasibility study for the Central Port in the Gdańsk Seaport. The tender may be launched this year, if not then certainly in the first quarter of 2018.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
Hospital del Tajo and associated facility management operating company Explotadora del Hospital del Tajo have been sold to Quaero European Infrastructure Fund, within a 30-year concession contract awarded in 2005.
The Czech Transport Ministry has finally signed an advisory contract with the Ceska sporitelna, White & Case / Obermeyer consortium for legal, technical and financial consultancy services regarding potentially the first road public-private partnership in the country.
Pensions Infrastructure Platform has reached an agreement with Aberdeen UK Infrastructure Partners to acquire 10 stakes in UK PPPs for more than £400 million (US$533,24 million) taking stakes of 30-50% in each of the projects.
The Régie des Bâtiments has launched a tender process for the construction of a new penitentiary facility in Antwerp through the PPP model. This project is part of the Master Plan 2008-2012-2016.
Avinor has announced that it is inviting proposals for the management of Haugesund Airport. A tender competition was requested by the Norwegian government, with the intention of implementing a service concession model for the operations of the airport.
Arcour, a VINCI Autoroutes subsidiary, has finalized the refinancing of its credit facilities granted in 2008 by a pool of commercial banks.
Abertis issues bonds from its French subsidiary for a total amount of €1,000Mn and keeps reducing its financial costs
Abertis has closed a new liability management deal with two new bond issuances of its subsidiary in France, HIT, amounting to a total of €1,000 million (US$117,35 million). The new issuances have a maturity of 5 years; €500 million (US$586,78 million) maturing in March 2023 and 10 years €500 million maturing in November 2027.
FCC Aqualia, FCC Group’s subsidiary for the water market, has agreed to buy back from Mitsui its 49% stake in FCC Aqualia’s water business in the Czech Republic.
Ferrovial has successfully priced a €500 million (US$ 588,49 million) perpetual hybrid bond. The issue will pay a 2.124% annual coupon until 14 May 2023.
The EQT Infrastructure III fund has signed a definitive agreement to acquire CIF Holding B.V. from Rabo Bouwfonds Communication Infrastructure Fund C.V.
Infracapital, the infrastructure equity investment arm of M&G Investments, has successfully reached a final closing of its latest fund, Infracapital Greenfield Partners I LP, with total commitments of £1.25 billion (US$ 1,65 billion). This is well in excess of its £1 billion (US$ 1.32 billion) target and in line with Infracapital’s internal hard cap.