The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has announced that it has successfully completed its latest fundraising round, raising US$385 million in new long-term debt capital to invest in Africa.
Infrastructure/PPP news in UK (United Kingdom)
Through its subsidiary Iridium, ACS Group has acquired a 25% stake in the A13 Thames Gateway PFI project, in London, from Carillion. The total enterprise value of the transaction is GBP140 million (US$197.6 million).
Macquarie Capital has announced the financial close of Dublin Institute of Technology’s (DIT) EUR220 million (US$271 million) Grangegorman Campus project – one of Ireland’s largest educational campus developments financed through a public private partnership (PPP).
Ancala Partners LLP, the independent mid-market infrastructure investment manager, has announced that it has acquired Aquatrine Package A, from Kelda Water Services (KWS), a subsidiary of Kelda Group. Aquatrine delivers one of the largest water and waste water Private Finance Initiative contracts in Europe for the British government's Ministry of Defence (MOD).
UK Transport Secretary Chris Grayling, head of the British government's Department for Transport, has launched an invitation to investors and developers interested in rail infrastructure to submit proposals for the new southern rail link to Heathrow Airport. In addition, interested parties are invited to propose schemes to enhance and expand the rail network across the United Kingdom.
BGIS, a leading global real estate and facility management services provider, has announced that its previously announced agreement to acquire a portfolio of Carillion facility management contracts in the United Kingdom will not be proceeding, as certain closing conditions have not been met.
John Laing Group has announced that, following the receipt of final bids earlier this week, it has agreed to sell its remaining 15% interest in the Intercity Express Programme (IEP) Phase 1 project to a subsidiary of AXA SA, a worldwide leader in insurance and asset management.
One of the three consortia shortlisted for the GBP1 billion (US$1.4 billion) Silvertown Tunnel project has withdrawn from the tender process. The consortium comprised Swedish developer Skanska, Austrian construction company Strabag and Paris-based global investor and asset manager Meridiam.
Atlantia has announced that it has reached an agreement for the acquisition of 100% of the share capital of Aero 1 Global & International S.à.r.l., an investment vehicle fully controlled by funds managed by Goldman Sachs Infrastructure Partners which owns 85,170,758 shares in Groupe Eurotunnel S.E (Getlink), representing 15.49% of the share capital and 26.66% of the voting rights of the company, based on the numbers published by Getlink on 16 February 2018.
Currie & Brown UK has announced the appointment of eight new directors, five of whom are new appointments and three of whom have been promoted to the position from within the company.
The Borough Council of Stevenage, a town and borough in Hertfordshire, England, roughly 50km north of central London, has appointed the developer Mace to undertake the first phase of its town centre regeneration project, with construction expected to start next year.
Yesterday the UK Parliament voted against imposing a windfall tax on PPP contractors. The tax was proposed by a member of the Labour Party, and was supported by members of other parties and publicly backed by the UK's second largest trade union.
BGIS (Brookfield Global Integrated Solutions) has announced that it has entered into an agreement to acquire a large portfolio of Carillion facility management contracts in the United Kingdom.
Galliford Try has announced plans to raise GBP150 million (US$210.42 million) from investors to cover additional costs of the Aberdeen Western Peripheral Route PPP project that have arisen following the compulsory liquidation of Carillion.
University Partnerships Programme (UPP) has achieved financial close on a circa GBP98 million (US$137,77 million) deal to acquire two companies from brownfield developer St Modwen Properties PLC. Consequently, UPP will acquire the contract to operate 2,021 study bedrooms on the Swansea University’s Bay Campus in South Wales for a period of 45 years.
The University of Brighton, which is located in the south-east of England, has confirmed that Uliving has been identified as preferred bidder for the construction and management of new student accommodation as part of the development of the university’s Moulsecoomb campus.
The chief executive of Royal Liverpool and Broadgreen University Hospitals Trust has announced that the construction of the new Royal Liverpool University Hospital will not be completed on time. This is the third time that the project’s completion date has been pushed back by the contractor, Carillion.
Balfour Beatty has announced the sale of a 7.5% stake in Connect Plus, the company which operates the M25 - the motorway that orbits London. This follows the firm's announcement less than two weeks ago of the sale of a 12.5% stake in Connect Plus to funds managed by Dalmore Capital, as reported on this platform.
Highways England (HE) is planning to hold a supplier engagement event to provide an overview of its opportunities available to the market in the forthcoming years in relation to major infrastructure projects and to provide an overview of the procurement vehicle options proposed specifically for the A303 Stonehenge and Lower Thames Crossing (LTC) projects.
Balfour Beatty, has announced that it has reached an agreement with funds managed by Dalmore Capital Limited (Dalmore) to sell a 12.5 percent stake in Connect Plus, the company which operates the M25 orbital motorway.