Infrastructure
SPAIN – Santander creates fund dedicated to renewable energy
Santander Private Equity, a subsidiary of Grupo Santander has launched Santander Energías Renovables I, a EUR 15m fund.
FRANCE – Meridiam closes EUR 600m infrastructure fund
Crédit Agricole subsidiary Meridiam Infrastructure has closed a EUR 600m fund. The fund will be dedicated to investments in infrastructure projects financed by public/private partnership contracts or subject to concessions.
UK - Montagu bid for Biffa safe after Terra Firma and Suez pull out
Montagu Private Equity's recommended offer for Biffa, the waste disposal group, is to go ahead uncontested after Terra Firma, which was thought to be preparing a counterbid alongside French utility group Suez, backed away from the deal. The Montagu-consortium...
SPAIN - Abraxa launches two renewable energy funds
Abraxa Integrated Financial Solutions has been granted authorisation by the Spanish stock exchange regulator CNMV to launch two funds - Abraxa Capital Privado II and Abraxa Capital Privado III.
A new frontier
Sovereign wealth funds have the resource to emerge as serious challengers to private equity in the M&A space. However, unless they address transparency concerns these ambitions are likely to be thwarted by protectionist government intervention.
UK - Infrastructure player crashes Biffa deal with £1.5bn offer
Global Infrastructure Partners (GIP) is reported to be making a ТЃ1.5bn offer for waste services company Biffa. Last month, Biffa opened its books to HgCapital and Montagu Private Equity after they made a ТЃ1.2bn joint bid for the London-listed group....
UK - Foresight and Mouchel announce £50m cleantech collaboration
Foresight Group has announced the formation of a strategic partnership with consulting and business services group Mouchel, designed to develop cleantech infrastructure projects in the UK. The initial aim of the partnership is to invest up to ТЃ50m in...
GERMANY – Advent International sells SAG to EQT V
Advent International has sold SAG, a European provider of energy-related infrastructure services to utilities, to EQT V, for an undisclosed sum. SAG provides build and maintenance outsourcing services for utilities in their transmission and distribution...
EUROPE - CVC launches new infrastructure business
CVC Capital Partners has announced the launch of a new infrastructure investment business, with Stephen Vineberg appointed as chief executive.
UK - LDC-backed Epi-V completes its first investment
Specialist oil and gas private equity fund Epi-V has completed its first transaction, investing ТЃ3m in Aberdeen-based Brinker Technology. The ТЃ50m Epi-V fund was launched in August 2007 with the aim of making equity investments of between ТЃ2m and ТЃ10m...
UK - Henderson strengthens infrastructure team
Henderson Equity Partners has expanded its infrastructure team with the appointment of Jasvinder Bal, Michael Jaffe and Chris Tanner as principal.