Quaero Capital’s Quaero European Infrastructure Fund has acquired 100% of Frasie from a fund managed by InfraVia Capital Partners.
Infrastructure/PPP news in France
The French Ministry of Defence has announced that it has achieved refinancing closure of the defence department's new building.
3i Group has announced the first close of the 3i European Operational Projects Fund, with €155 million (US$169 million) raised from a number of European investors, including a commitment of €40m from 3i.
Alkion Terminals and LBC Tank Terminals have announced the signing of an agreement in which Alkion will acquire the 50% shareholding in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon).
Abertis has reached an agreement to acquire from CNP an additional stake of 5.1% in Holding d’Infraestructures de Transport (HIT), the company which controls 100% of Sanef. This transaction will imply a cash out for Abertis of €238 million (US$259 million). In this way, Abertis will reach, at the closing of the last agreements announced, up to 100% stake in its French subsidiary.
The government of France has launched the tender involving the concession contract for the development of the RN 79 Centre-Europe Atlantic road PPP project.
Abertis has reached an agreement to acquire an additional stake from Predica in Holding d’Infraestructures de Transport (HIT), the company which controls 100% of Sanef, of at least 15% and up to 17%, depending on the preemption rights from remaining minority shareholders.
Taking advantage of the current market conditions with low interest rates, Ferrovial has priced a €500 million (US$540 million) 8-year senior bond. The issue was priced at 85 basis points over midswap, with a coupon of 1.375%.
SUEZ has announced that, together with Caisse de dépôt et placement du Québec, it has entered into a binding agreement to purchase GE Water & Process Technologies from General Electric Company for €3.2 billion (US$3.4 billion) enterprise value in an all‐cash transaction.
Landesbank Saar has announced it has provided financing for a French aquatics center.
The Government of Cantal, France, has selected NGE Concessions as preferred bidder for the Nord de Saint-Flour bypass on PPP scheme.
Ireland-France Subsea Cable Limited has announced a partnership with Tiger Infrastructure Partners to finance and construct IFC-1, a submarine fiber-optic cable system that will be the first and only direct subsea cable between Ireland and France.
Sanef, Abertis’ subsidiary in France, has reached an agreement with the French Government for the launching of a new investment plan for the upgrading of its road network.
Abertis has decided to exercise its preferential acquisition rights for the Caisse des Dépôts et Consignations’ stake in Holding d’Infrastructures de Transports which controls 100% of Sanef.
Edmond de Rothschild Asset Management has completed a first close of its second vehicle, the Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) fund.
French civil service pension fund ERAFP has committed €350 million (US$368.4 million) to Ardian France and Access Capital Partners for infrastructure and private equity funds of funds, respectively.
SNC-Lavalin has announced that it has signed and closed an agreement to sell its ongoing activities in France and in Monaco to Ciclad and Impact Holding for a nominal amount, including its investment in Société d’Exploitation de l’Aéroport de Mayotte.
Antin Infrastructure Partners announces having entered into a binding agreement with American Tower Corporation and PGGM (ATC Europe) for the sale of FPS Towers for €697 million (US$732 million).
InfraVia has announed the acquisition by InfraVia European Fund III of Ocea Smart Building (OSB) from SUEZ.
Eiffage has finalised with a subsidiary of la Compagnie Financière du Lion (CFL), the sell of 100% of Eiffigen, the company dedicated to the PPP relating to the headquarter of the Gendarmerie Nationale.