A Spanish renewables developer has tapped Lazard to sell a 720 MW portfolio of solar PV projects in Brazil, according to sister publication Sparkspread.   Barcelona-headquartered Enerside Energy is running a sale of three projects in advanced development in north-eastern Brazil, SparkSpread has learned.   All three projects are backed with

FirstLight Fiber acquired New York-based communications construction company Todd Cable Construction, according to a 10 July press release.   Executives at FirstLight, a portfolio company of Antin Infrastructure Partners, said the deal would broaden the company’s capabilities of developing greenfield fiber projects.   “Unlike our prior

Sacyr is considering offers it has received for a toll road it owns in Andalusia, following the project’s refinancing less than a year ago with institutional investors’ debt, sources said.   The Spanish infrastructure developer has received initial offers for the AP-46 Las Pedrizas toll road, of which it owns 100%, from investors understood to

Infrastructure investor John Laing has joined a consortium including Capella Capital to bid on the AUD 7bn- AUD 9bn (USD 4.9bn-USD 6.3bn) North East Link motorway PPP, according to four sources familiar with the matter.   The group includes contractors China State Construction Engineering Corp., Korea’s GS E&C and Italy's Salini Impregilo, as

UK-based airport operator Gatwick Airport is teaming up with Malaysia’s Employees Provident Fund to acquire a strategic stake in Malaysia Airports Holdings, two sources familiar with the situation said.   The stake is around 20%, the sources told Inframation sister publication Mergermarket. Gatwick and EPF are looking to form a consortium to acquire

Goldman Sachs is preparing to go to the market in 2020 to raise its fourth infrastructure fund, said sources familiar with the situation.   The timing will coincide with how much capital its third USD 2.5bn fund, West Street Infrastructure Partners III, has deployed by that time. A source close to the situation said fund managers will look to raise

Arcus Infrastructure is circling Condor Ferries ahead of the deadline for first bids for the Channel Islands-based ferry operator, sources said, the latest move by the UK-based infrastructure investor to target the sector.   Condor’s owner Macquarie Infrastructure and Real Assets (MIRA) earlier this year appointed Rothschild to explore options for

MIRA looks like it will be spoilt for choice when indicative bids are lodged later this month for its 50.01% stake in Hobart Airport, with IFM Investors and Infrastructure Capital Group joining the fray.   ICG has engaged Jefferies as financial adviser, while IFM has Morgan Stanley on board, according to three sources familiar.   However the

Japan’s Government Pension Investment Fund (GPIF) continued its push for investment into global infrastructure assets during the fiscal year ended March 2019 and diversified its investment destinations and sectors.   The mammoth pension fund said today (5 July) on its website that it has increased its global infrastructure exposure by nearly

UK solar power developer Lightsource BP has acquired 2GW of greenfield solar projects from Brazil’s Enerlife.   Lightsource BP paid an undisclosed amount for the projects, which are in various stages of development by Enerlife.   The acquisition also saw several Enerlife executives join Lightsource BP to oversee the development of the projects

A consortium led by Hokkaido Airport Terminal (HKK) has been selected as the preferred bidder for the 30-year concession to operate seven airports on the Hokkaido island in northern Japan over its rival bidding group. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) said today (3 July) on its website that the HKK-led group, known

US buyout firm TPG has added a second principal to its London-based infrastructure investment team, according to sister title SparkSpread.   Mariana Popa, an infrastructure portfolio manager at Abu Dhabi Investment Authority (ADIA), joined TPG late last month.   She reports to Edward Beckley, a partner who leads TPG’s infrastructure business.

Infrastructure banker Jonathan Yellen has left Mizuho, confirmed a spokesperson for the bank.   Yellen joined Mizuho in December 2017 as the head of its power and infrastructure project finance team in the Americas. Prior to that, he had senior roles at Morgan Stanley and Deutsche Bank, according to his LinkedIn profile.   During Yellen’s

Macquarie Capital and its Taiwanese development partner, Swancor Renewable, have lined up export credit agencies to lend into the 378MW Formosa 2 Taiwanese offshore wind project, according to bankers.   U.K. Export Finance, Belgian's Credendo; and Denmark's EKF will all lend into the facility but commercial banks have not yet been told if they

Ana Maria Vidaurre has joined financial advisory boutique Rubicon Capital Advisors as a managing director, according to a 2 July release.   Vidaurre previously served as managing director and head of infrastructure transactions in Latin America at CDPQ. According to the release, Vidaurre will help the firm meet increasing transactional demand in Spain

PwC will provide financial, commercial, tax, legal, grants and modelling support for Sun Cable's 10GW, AUD 20bn (USD 14bn) Tennant Creek solar and battery project in the Barkly region of the Northern Territory, according to a PwC official.   Singapore-based developer, Sun Cable revealed its plans for the huge project on 21 June when local media

The CIMIC-led Pulse consortium reached contractual close on Cross River Rail’s AUD 4.58bn (USD 3.22bn) 5.9km tunnels and stations PPP yesterday (30 June), the company said in an announcement today (1 July).   Update: This article was changed after publication to note financial close was reached.   A spokesperson for CIMIC would not comment

The Brookfield Infrastructure’s led USD 8.677bn buyout of global short haul railroad operator Genesee & Wyoming (G&W) is being funded by multiple partners, according to a regulatory filing.   Brookfield Infrastructure Fund IV and three of its affiliates are funding USD 4.027bn of the deal in equity while GIC is funding USD 1.5bn. In a separate filing,

UK ‘last mile’ fibre broadband provider Grain is considering the sale of a stake to provide more funds for expansion, sources said, a process that could attract infrastructure funds.   Grain’s owners Pinnacle Group, a provider of property services such as regeneration and housing management, and Solway Communications, which provides broadband

Thirteen companies have shown interest in prequalifying for the Bosa hospital PPP, according to documents published on 27 June.   Conconcreto, BlackRock, China Sinopharm International Corporation, Marhnos, Acciona, LQA Funds, Sacyr, Constructora Colpatria, KMA, OHL, CyD Ingeniería, Copasa and Profit all submitted questions about the prequalification

Credit Suisse, MIRA’s adviser on the sale of its 50.01% share of Hobart Airport, on Tuesday (25 June), called for indicative bids by 24 July on the stake with binding bids due between late September and early October. The information memorandum (IM) with further vendor due diligence on the prospect is due by the end of the week, according to four

Antony Steinberg, Goldman Sachs head of infrastructure, power and utilities in Australia and NZ, will join RBC Capital Markets in September, according to sources close to the matter. Steinberg will head up RBC’s Australian infrastructure team as a managing director and head of power, utilities and infrastructure, replacing Tim Foy, who left to join

Antony Steinberg, Goldman Sachs head of infrastructure, power and utilities in Australia and NZ, will join RBC Capital Markets in September, according to sources close to the matter. Steinberg will head up RBC’s Australian infrastructure team as a managing director and head of power, utilities and infrastructure, replacing Tim Foy, who left to join

Antony Steinberg, Goldman Sachs head of infrastructure, power and utilities in Australia and NZ, will join RBC Capital Markets in September, according to sources close to the matter. Steinberg will head up RBC’s Australian infrastructure team as a managing director and head of power, utilities and infrastructure, replacing Tim Foy, who left to join

Three international bidders have advanced to the second round of bidding for Brookfield’s Colombian electricity distributor Empresa de Energía de Boyacá (EBSA), according to three sources.  The companies bidding for the Brookfield Americas Infrastructure Fund asset are:  - Actis Long Life Infrastructure Fund - iSquared (through energy subsidiary

China's Silk Road Fund has agreed to acquire a 49% stake in Saudi Arabia’s ACWA Power Renewable Energy Holding (ACWA Power RenewCo). The USD 40bn fund sovereign wealth fund has signed an agreement with ACWA Power to invest in the renewable power developer, which owns a number of existing projects across the Middle East and Africa, according to an ACWA

Several international firms are interested in acquiring Sempra’s Peruvian electricity distribution and generation company Luz del Sur, according to multiple sources briefed.  According to three sources following the process, interested bidders for Sempra’s 83.74% stake include:  Brookfield China Three Gorges iSquared Southern Power Grid CPPIB OTPP One

A consortium including IST3 Infrastruktur Global will acquire the Alberta PowerLine (APL) from Canadian Utilities and QSI Finance Canada in CAD 1.7bn deal (USD 1.28bn). UPDATE: This article was updated to provide additional details on the debt being used to fund a portion of the deal. The international consortium will acquire up to 100% of APL for

Summit Partners is exploring options including a sale of its minority stake in the French fibre business Sipartech, a process likely to attract infrastructure funds, sources following the process said. The US investment fund has appointed Lazard to advise on the process, the sources said. Sipartech operates nearly 3,000km of fibre networks that connect

Taiwan’s Swancor Holding is planning to exit offshore wind business through the sale of its renewable unit to a European or an American energy company, according to a stock exchange release. The Taipei-listed firm announced midnight yesterday (20 June) that the transaction will fetch between USD 25.98m-USD 101m and realise an estimated net gain of USD

Three teams have been shortlisted for the CAD 2.8bn (USD 2.1bn) Millennium Line Broadway Extension (SkyTrain) P3 in Vancouver, Inframation has learned. The three shortlisted teams are as follows, according to a source close to the procurement: Aecon, Dragados, Hatch, ACS (financial advisor), WSP SNC Lavalin Acciona, Grupo Ghella, Mott MacDonald,

Consultancy Deloitte has expanded its London-based infrastructure capabilities with the recruitment of BNP Paribas’ head of corporate structured finance Philip Adam as a partner in its debt advisory practice, sources said.  He will be part of the debt advisory practice led by Chris Skinner, but will support the infrastructure M&A team for EMEA led

Despite no material updates since February, Lendlease remains committed to selling its troubled Engineering & Services division, according to three sources. The ASX-listed property developer is bent on exiting the civil construction sector and has received indicative bids from several local and offshore parties, said the first source close to the matter,

Caroline McGeough, a former principal focused on power, renewables and utilities investing at Stonepeak Infrastructure Partners in New York, has joined infrastructure firm Sidewalk Labs as a principal. Sidewalk Labs is working with the Canadian government, the province of Ontario and an affiliate of Google parent company Alphabet to lead the renewal of

Daiwa Energy & Infrastructure (DEI) acquired a minority stake in Austria’s Swimsol through new shares issued by the Vienna-based solar system developer, a senior official told Inframation. The move is part of DEI's efforts to double its energy and infrastructure assets to JPY 100bn (USD 922m) from JPY 50bn now, the official said. The official did

The original proponents of a USD 256m water treatment project are to seek compensation for development costs and a financial guarantee letter, said two sources involved. Acciona and ACS’s subsidiary Tedagua were the originators of the private initiative to construct water treatment plants around Peru’s Lake Titicaca, but their bid was disqualified

Spain’s Santander and France’s Crédit Agricole will launch a sale process for Abengoa’s 220MW cogeneration plant A3T in the coming weeks, according to three sources briefed on the situation.  The project has a capex of EUR 232m (USD 235.47m), according to Abengoa’s 2015 annual report. The project was originally funded with a USD 120m bridge

DIF, Multiplex, Compass and Brookfield Financial have reached financial close on a long-running process to finance and build workers' accommodation for major oil and gas company Woodside at Karratha in Western Australia. The deal, which DIF announced closed yesterday, involves the design, build, finance, operations and maintenance of the 604-bed Bay

Australia's Victoria state is seeking feedback from the private sector for its Suburban Rail Loop project, Premier Daniel Andrews announced today. Potential bidders can now register their interest in the 90km mega project, Andrew said at the AFR National Infrastructure Summit in Melbourne. “We know that this is the first big engagement with the

Limited partners in Meridiam funds have completed a major sell down of their interests, while a complex sale of shares linked to a EUR 184.7m performance fee has also been approved, according to sources and documents. The sale of shares in Meridiam’s first two funds – which largely hold stakes in PPPs – was approved at a general meeting last month

Credit Agricole CIB infrastructure director Simone Aroni is due to leave the bank in the summer, sources said. Aroni, who joined Credit Agricole in 2009, is currently on gardening leave until the end of July. He is due to join in August the London office of an unnamed Asian bank, where he will focus on infrastructure and power transactions. Aroni

The Public Sector Pension Investment (PSP Investments) Board reported CAD 168bn (USD 126.6bn) of net assets under management for the fiscal year ended 31 March 2019, which is up 9.7% from the prior year, according to an 11 June press release. The portfolio’s one-year net returns recorded 7.1%, generating CAD 11.7bn in income. While fiscal year 2019

Lauren Jewell is to depart EY infra advisory after four years and is moving to Aurecon, it has emerged.  Jewell, whose most recent role was Director at EY’s infra advisory team, revealed on LinkedIn she will be joining Aurecon as Client Director for New South Wales Government, at the end of July.  She said she was “excited to be diving back

Three teams were shortlisted for the CAD 2.6bn Edmonton Valley Line West LRT expansion, according to a recent press release. Flatiron/AECON/Dragados Valley Line West Joint Venture ACS Infrastructure Canada AECON Concessions HOCHTIEF PPP Solutions North America Urban Mobility Partners Eurovia Infra Graham Capital Partners Parsons WestLink

Japan’s MUFG Bank is studying to set up a JPY 100bn (USD 924m) worth infrastructure debt fund, a MUFG spokesperson confirmed today (6 June). “We are considering launching a debt fund in a positive manner,” to provide institutional investors at home and overseas with opportunities to invest in infrastructure-related deals on a global basis, said

There are at least two recently formed teams making a bid for short line railroad holdco Genesee & Wyoming, said three sources familiar with the situation. The first consortium is comprised of Blackstone Infrastructure Partners and Stonepeak Infrastructure Partners, said the sources. Brookfield Infrastructure Partners, which was slated to reach a first

Swedish private equity firm EQT Infrastructure has withdrawn its AUD 3.3bn (USD 2.3bn) indicative proposal for Vocus Group following a brief period of non-exclusive due diligence, the target company said late yesterday. Vocus announced EQT's AUD 5.25 per share offer less than two weeks ago on 27 May. Vocus shares plummeted 17.7% to close at AUD 3.77

Kansai Airports, operated by Orix and Vinci Airports, reported Tuesday (4 June) that its revenues and profits for the fiscal year ended March 2019 rose across the board, successfully mitigating the debilitating impact of the post-typhoon falloff in passengers.   The company, which operates three airports in Western Japan's Kansai region - Kansai International

Evercore has launched a sale of London-based global solar developer Solarcentury, according to Inframation's sister publication SparkSpread. Earlier this month, the investment banking firm approached potential suitors to participate in the upcoming sale, code-named Project Cambridge.  Founded by entrepreneur Jeremy Leggett in 1998, Solarcentury is

ANI is in the final stage of the process to reactivate the 25-year, COP 3.5trn (USD 1bn) Ruta del Sol – Sector 3 project with Yuma, the original concessionaire, according to a 25 May press release. The SPV Yuma is comprised of five companies: Salini Impregilo (40%), Infracon (29%), Fondo de Capital Privado Ruta del Sol (17%), Impregilo International

Warburg Pincus is considering selling a stake in German fibre broadband provider Inexio, with infrastructure funds likely to be attracted to the business’ extensive expansion plans.  The New York-headquartered private equity firm, which owns a 59.45% stake, is planning to exit the business, said a source. But it has not yet launched a sale, and it

Spanish developer Sacyr is hoping to enter the North American concession sector, whilst continuing to focus on Europe and Latin America – partly through an infrastructure fund it launched last year and which recently reached first close. The Madrid-headquartered company said on Tuesday (4 June) during an investor day that it is planning to invest significantly

InfraRed Capital Partners today clinched the long-running tender for the first stage of the Greater Curtin University project, three years after it kicked off in April 2016, according to sources familiar with the matter. The AUD 200m-300m (USD 140m-210m) deal reached financial close and the contract was awarded on Tuesday (4 June), with backing from

Kansai Airports, operated by Orix and Vinci Airports, reported Tuesday (4 June) that its revenues and profits for the fiscal year ended March 2019 rose across the board, successfully mitigating the debilitating impact of the post-typhoon falloff in passengers.   The company, which operates three airports in Western Japan's Kansai region - Kansai International

London-based investment fund iCON Infrastructure Partners IV (iCON IV) has entered into an agreement to acquire regional telecom company TruVista, a 4 June press release states. The TruVista acquisition represents iCON Infrastructure’s first foray into the telecom sector. Up until now, iCON’s investments have mostly consisted of power and energy in

Warburg Pincus is considering selling a stake in German fibre broadband provider Inexio, with infrastructure funds likely to be attracted to the business’ extensive expansion plans.  The New York-headquartered private equity firm, which owns a 59.45% stake, is planning to exit the business, said a source. But it has not yet launched a sale, and it

Spanish developer Sacyr is hoping to enter the North American concession sector, whilst continuing to focus on Europe and Latin America – partly through an infrastructure fund it launched last year and which recently reached first close. The Madrid-headquartered company said on Tuesday (4 June) during an investor day that it is planning to invest significantly

An Engie-led joint venture signed an approximately USD 450m loan to finance construction of a renewable energy portfolio in Mexico, said three sources briefed on the situation. The credit facility, signed in the week of 27 May, carries a tenor that covers construction period plus 18 years. BBVA, Crédit Agricole and Natixis led the financing,

Spanish developer Sacyr was the only bidder of the USD 575m (UF 13.4m) G-66 Camino de la Fruta highway project, according a government press release. The economic bid of Sacyr will be opened on 26 June, and the award of the project is expected for 2H19, according to the press release. The project involves the improvement of 142km of roads from the

Five groups, including Zurich Airport, are interested in the Viracopos concession, a spokesperson for Aeroportos Brasil Viracopos (ABV) told Inframation. Brazil’s CCR and Spain’s Aena are among the groups interested in bidding, said two sources familiar with the situation. Aena won Brazil's northeastern airport lot with a bid of BRL 1.9 bn, representing