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  • FREE GLIO Virtual Webinar Week - Including Utilities, Transportation and Telecom Infrastructure Panels
    08-March-2021.

    Learn from the leadership of some of the world’s largest infrastructure companies with over $400bn+ of combined enterprise value: Southern Company, WEC Energy, Canadian National (CN), Transurban and American Tower.  Investors are also invited to request 1x1 meetings with a wide range of infrastructure companies during the week of March 8.

  • I Squared agrees to USD 961m take private of IPP
    15-January-2021. Power, Renewables

    I Squared Capital agreed to acquire Canadian listed independent power producer (IPP) Atlantic Power Corporation, according to a 14 January press release. The total enterprise value of the deal is USD 961m. Read More

  • Argo Infrastructure Partners to acquire NY utility for USD 150m
    14-January-2021. Power, Energy

    Argo Infrastructure Partners has agreed to acquire Corning Natural Gas, a provider of electric and natural gas services, in a deal valued at USD 150m.  In the transaction, Argo will acquire all the shares outstanding of Corning common stock for USD 24.75 per share, according to a press release.  Read More

  • AIMCo continues rebuilding European team with senior hire
    13-January-2021. Transport

    Alberta Investment Management Corporation’s (AIMCo) infrastructure arm is hiring former GIC Infrastructure vice president Alex Leonard to its London office, as the Canadian investment manager seeks to rebuild its European team following previous departures. Leonard is due to join AIMCo’s London office with the title of portfolio manager, a spokesperson

  • Schroders hires ex CDPQ MD to lead infra business
    13-January-2021. Transport, Renewables

    Schroders has hired Chantale Pelletier to lead its infrastructure equity and debt investment arm after the departure of its former head Charles Dupont.  Pelletier will become Schroders’ global head of infrastructure and hold the position of president of Schroder AIDA, which is responsible for Schroders’ European infrastructure debt and equity investments,

  • Morgan Stanley halts Italian gas storage sale to MIRA
    12-January-2021. Energy

    Morgan Stanley Infrastructure Partners has halted talks to sell its stake in Italy’s largest independent gas storage operator to Macquarie Infrastructure and Real Assets (MIRA). The discussions ended after MIRA lowered its valuation of Ital Gas Storage, which was initially in the EUR 1.2bn range, said two sources familiar with the situation.  Read

  • Deloitte bolsters infra division
    12-January-2021. Social Infrastructure

    Deloitte has recruited a UK Department for Transport (DfT) senior commercial manager, Oliver Bradley, to its infrastructure arm. Bradley began working for Deloitte earlier this month as a manager in its government and infrastructure division, according to his LinkedIn profile.   Read More

  • Abu Dhabi authority and Ontario Teachers close Equis investment
    12-January-2021. Renewables, Social Infrastructure

    The Abu Dhabi Investment Authority, the Ontario Teachers Pension Plan Board and other investors have closed the USD 1.25bn investment in Singapore's Equis Development that they announced in November, an Ontario Teachers spokesperson said. Equis was offering investors an 80% share in the fund with its staff committing at least USD 50m, according to a Inframation report from

  • GIP IV agrees to USD 4.626bn buyout of Signature Aviation
    11-January-2021. Transport

    Global Infrastructure Partners IV reached an agreement to acquire Signature Aviation plc at USD 5.50 per share (GBP 4.05), or USD 4.626bn, according to a 11 January regulatory filing.  The disclosure was made in advance of a 14 January deadline.  Read More

  • Brookfield to buy 845 MW wind portfolio in Oregon
    11-January-2021. Renewables

    An affiliate of Brookfield Renewable Partners LP has agreed to buy 100% of a portfolio comprising 845 MW of wind capacity in Oregon from Caithness Energy. The seller, New York-based Caithness Energy, retained Greentech Capital Advisors in 2019 to run a sale process for the wind farm, and entered exclusive talks with a potential buyer in March 2020, with

  • KKR looks ahead after Asia fund achieves hard cap
    11-January-2021. Renewables, Environment, Telecommunications

    Kohlberg Kravis Roberts (KKR) will look to augment its track record for its first Asia-Pacific infrastructure investment fund - which today announced a USD 3.9bn final close - before working on a second edition. "Our ambitions do extend beyond the current fund, but we will first focus on providing the best returns to our present investors," David Luboff,

  • IPP revealed in Texas battery storage arrangement
    11-January-2021. Power

    Independent power producer Broad Reach Power has partnered with two suppliers for the installation of two 110 MWh stand-alone battery storage projects in Texas’ Hill Country, according to two sources familiar with the matter. FlexGen, an energy storage technology company, has teamed up with Contemporary Amperex Technology (CATL), a battery manufacturer,

  • Veteran BofA banker joins Vitol in London
    11-January-2021. Energy, Power

    Mark Chung has left his role as head of power and energy investment banking at Bank of America in Hong Kong to join client Vitol in an investments role, according to his LinkedIn profile. Chung is working from Vitol's London office. Read More

  • Bill Gates joins Blackstone Infra for Signature Aviation bid
    08-January-2021. Transport

    Microsoft co-founder Bill Gates has joined forces with Blackstone Infrastructure Partners to make a GBP 3.8bn (USD 5.2bn) bid for global private jet services company Signature Aviation, as Carlyle joined the bidding war. Blackstone on Friday (8 January) said that Brown Bidco, a vehicle 70%-owned by Blackstone and 30%-owned by Gates’s Cascade Investment,

  • Arup senior infra advisors depart firm
    08-January-2021. Power, Telecommunications

    Arup transaction director Rish Chandarana has left the consultancy after more than 10 years, one of a number of recent departures from its infrastructure advisory team.  Chandarana left Arup early this month to start a new role at another company, sources close to the process said, without disclosing details of the new employer.   Read More

  • Infra funds circling Sempra Infrastructure stake sale
    08-January-2021. Renewables, Energy

    Sempra Energy has set a mid-February deadline for committed bids for a minority stake in its newly formed Sempra Infrastructure Partners, said three sources familiar with the situation. KKR, MIRA and Global Infrastructure Partners are among the parties evaluating the assets, the sources added. Read More

  • KKR in market for open-ended core infra fund
    07-January-2021. Renewables, Energy

    KKR is actively in the market trying to raise its Diversified Core Infrastructure Fund I, said two sources familiar with the situation.  The asset manager has targeted USD 5bn for its latest offering and is raising it in tandem with its fourth value-add fund, KKR Global Infrastructure Fund IV. KKR is seeking to raise USD 12bn for the fourth fund.   Read

  • Sale of Public Service Enterprise Group 6.8 GW generation fleet gets underway
    07-January-2021. Power

    A subsidiary of Public Service Enterprise Group has launched a sale process of a 6.8 GW fleet of conventional generation assets located in the Northeast. Goldman Sachs is advising on the sale process, according to two sources familiar with the transaction. Read More

  • UK “last mile” fibre provider Grain Connect selling equity stake
    07-January-2021. Telecommunications

    Grain Connect is seeking more than GBP 100m of extra capital to help it roll out full-fibre networks, a transaction likely to be of interest to infrastructure funds as they increasingly target the sector.  The Carlisle, Cumbria-based company, which specialises in building broadband networks for new housing developments across the UK, has appointed Cameron

  • OMERS reshuffles senior leadership following retirement
    07-January-2021.

    OMERS Global Head of Infrastructure Ralph Berg will become global head of capital markets when Ken Miner, who currently holds the position, retires on 1 April, according to a 7 January press release.  Chief Pension Officer Annesley Wallace will step in to lead OMERS’s global infrastructure business.  Read More

  • CPPIB-backed platform commits to Nordic wind acquisition
    07-January-2021. Renewables

  • Capital Dynamics puts California battery stake up for sale
    07-January-2021. Power

    Capital Dynamics has put up for sale a 49% stake in a 100 MW/400 MWh battery storage project it is building in Southern California, according to sources familiar with the situation. CohnReznick Capital is advising on the sale of the Saticoy project and this week began sounding out potential bidders, they said. Read More

  • Hecate Energy explores sale of 1 GW solar project portfolio
    06-January-2021. Renewables

    Hecate Energy is exploring strategic alternatives for a 1.05 GW (ac) portfolio of three contracted solar projects in the US. Cantor Fitzgerald is advising in a process code-named Project Heracles, according to two industry sources familiar with the deal. Read More

  • Carlyle Group commits USD 374m to energy transition platform
    06-January-2021. Energy, Renewables

    The Carlyle Group today announced a USD 374m investment commitment to Amp Solar Group, a Canadian-based global energy transition platform. Carlyle’s Global Infrastructure Opportunity Fund and Renewable & Sustainable Energy Fund will provide the equity financing, according to a press release. Read More

  • Investment banker joins Onpeak Capital
    05-January-2021. Renewables

    Onpeak Capital, a renewable energy-focused investment banking boutique, has hired an investment banker in New York, bringing its team to five. The new hire, Luis Iglesias, left CohnReznick Capital in June and joined Onpeak Capital this week as a senior associate, according to two industry sources familiar with the move. Read More

  • EnCap nearing final close on debut energy transition fund
    05-January-2021. Renewables, Power

    EnCap Investments is expecting a final close of its debut energy transition fund in March, said two sources familiar with the situation.  The platform initially sought to raise USD 1.5bn for EnCap Energy Transition Fund I. Due to COVID-19 and other issues, the fund could fall short of the original target.  Read More

  • RBC managing director joins TC Energy
    05-January-2021. Energy

    Pipeline giant TC Energy has hired Asheley Kinsey, a former managing director at RBC, as a senior vice president of strategy and corporate development. Kinsey starts this month at Calgary-based TC, formerly known as TransCanada. He is based out of Houston, Texas, according to an update on his LinkedIn profile. Read More

  • John Laing hires CFO and buys Colombian road stake
    05-January-2021. Transport

    John Laing has appointed Rob Memmott, a former CFO at Leeds Bradford International Airport, as its new CFO to lead the investor’s push into new markets. Memmott, who was most recently CFO at Praetura Group, a financial services business providing debt and equity to SMEs predominantly in the north of England, will start in his new role on Wednesday (6

  • Alvarez & Marsal hires senior infra director
    05-January-2021. Environment, Renewables, Power

    Alvarez & Marsal has further added to its infrastructure expertise, hiring utilities and renewables veteran Dan Gambles from Deloitte. Gambles will join the professional services firm’s UK-based team as a senior director on 11 January, reporting to Managing Director Wayne Jephson, a source close to the situation said. Read More

  • Sequoia adds to infra team with DWS hire
    04-January-2021. Transport, Power

    Sequoia Investment Management Company has added to its infrastructure team with the recruitment of Charles-Olivier Douala from DWS. The appointment of Douala, who joins as a senior associate after nearly two years at DWS, latterly as an associate focused on infrastructure private equity, was announced on LinkedIn by Sequoia’s chief risk officer Anurag

  • BBGi hires Cintra’s former commercial director
    04-January-2021. Transport, Social Infrastructure

    Tony Elkins joined BBGi to work on asset management and business development for the firm’s North American portfolio. Elkins will be based out of Austin, Texas, and report to BBGi’s co-President Duncan Ball. Read More

  • UGI to acquire WV gas company for USD 540m
    31-December-2020. Energy

    International energy products and services distributor UGI Corporation has signed a definitive agreement to acquire Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company, the largest gas distribution company in West Virginia, according to a 30 December press release. The transaction values Mountaineer at USD 540m, including the assumption

  • Fotowatio Renewable Ventures solar sale likely to begin in late January
    31-December-2020. Renewables

    Fotowatio Renewable Ventures sale of a 49% stake in its operating and under-construction Australian solar farms is expected to formally launch in about a month's time, two sources familiar said. A teaser was circulated in October and the aim was to start the bidding process for the circa 500 MW portfolio before the year-end, but an information memorandum

  • Main EMEA Inframation and SparkSpread news from the festive period
    31-December-2020. Transport, Renewables, Telecommunications, Social Infrastructure

    This is a roundup of the main EMEA Inframation and SparkSpread reports published over the festive period. There was no shortage of infrastructure M&A in 2020 despite the coronavirus pandemic, and deal activity continued during the Christmas period.  There was a flurry of take-privates in December and the trend persisted up to Christmas with EQT Infrastructure

  • AES-Siemens energy storage JV Fluence nets USD 125m Qatar commitment
    30-December-2020. Renewables

    Fluence, an energy storage joint venture backed by AES Corp. and Siemens, has entered into an agreement with the Qatar Investment Authority (QIA) for a USD 125m investment. Fluence intends to use the net proceeds from the private placement to further accelerate development of its product offerings, particularly digital products, and deployment of existing

  • Grupo ACS-led consortium drops out of Capital Beltway P3 bidding
    29-December-2020. Transport

    A consortium led by Grupo ACS has dropped out of the bidding for Phase One of the 1-495/1-95 Capital Beltway and I-270 Congestion Relief Improvements P3, said two sources familiar with the situation. State officials were notified of this decision ahead of a 23 December deadline for technical bids. Financial bids come due on 8 January 2021, according to

  • EQT Infrastructure targets listed Norwegian transport operator
    29-December-2020. Transport

    EQT Infrastructure has made its second move into Scandinavian transport this month, agreeing to acquire Norway’s Torghatten for an enterprise value of nearly eight times 2019 EBITDA.  The Swedish fund manager said on 23 December that it has through its EQT Infrastructure V fund launched an offer to buy Oslo-listed Torghatten, which operates ferry

  • Global Infrastructure Partners agrees to buy MAP Energy's renewable business
    29-December-2020. Renewables

    Global Infrastructure Partners struck a deal to acquire MAP RE/ES, the renewable energy business of MAP Energy, the asset manager announced on 29 December. Terms of the deal were not disclosed. Read More

  • Capital Dynamics buys remaining stake in Arizona solar plant
    29-December-2020. Renewables

    Capital Dynamics acquired the remaining 68.98% stake in Arlington Valley Solar Energy II (AVSE II), a 175MW operating solar farm, from Apollo Global Management that it did not already own, the firm announced. Financial details of the transaction were not disclosed. Read More

  • Enel lines up advisor for UK utility bid
    29-December-2020. Power

    Italy’s Enel is considering bidding in PPL Corp.’s sale of UK electricity distribution network operator Western Power Distribution (WPD) and has appointed Rothschild as its financial advisor, said a source close to the situation. A spokesperson for Enel declined comment. Bankers at Rothschild did not respond to enquiries.  Read More

  • Three teams shortlisted on Potrero Bus Yard P3
    28-December-2020. Transport

    The San Francisco Municipal Transportation Agency (SFMTA) shortlisted three teams for the Potrero Bus Yard P3, according to a recent announcement. The teams, below, will be invited to participate in the RFP phase in early 2021. Read More

  • PKF Francis Clark initiates AD plant sale
    28-December-2020. Renewables

    UK advisory firm PKF Francis Clark recently initiated the sale of a contracted anaerobic digestion cogeneration plant in the UK, according to sources familiar with the transaction and a sale teaser seen by SparkSpread. Earlier this month, it began sounding out bidders regarding the sale of a 1.4 MWp plant in southeast England in a deal code-named Project

  • Orix to buy majority stake in Spanish renewables company
    28-December-2020. Renewables

    Japanese financial services company Orix Corporation today said it will acquire an 80% stake in Spanish solar and wind power developer Elawan Energy. Orix will acquire the stake from Spain's Riberas family, while the founders of Elawan - Acek Renewables and CEO Dionisio Fernandez - will continue to hold a 14% and a 6% stake, respectively, according

  • Capital Dynamics completes California solar portfolio sale
    28-December-2020. Renewables

    Capital Dynamics (CapDyn) closed on the sale of a majority interest in its 107.8MW Beacon solar portfolio, the firm announced 28 December.  CapDyn is selling 99% of its stake in the 59.6MW (dc) Beacon II project and the 48.2MW (dc) Beacon V project to TortoiseEcofin and a subsidiary of Shikun & Binui America, according to a 28 December press release.

  • Additional details revealed for Inglewood rail project
    28-December-2020. Transport

    The city of Inglewood, California will release a Request For Information (RFI) in 1Q21 for its proposed USD 1bn downtown rail link extension, according to a document seen by Inframation. The city is in the process of procuring a design-build-finance-operate-maintain (DBFOM) rail link extension project - the Inglewood Transit Connector (ITC) - which will

  • MIRA sells Italian gas transmission utility
    27-December-2020. Energy

    Macquarie Infrastructure and Real Assets (MIRA) has agreed to sell its majority stake in Italian gas utility Società Gasdotti Italia S.p.A (SGI) to Ontario Teachers’ Pension Plan Board. They announced on 24 December that MIRA’s Macquarie European Infrastructure Fund 4 has agreed to sell its 69.4% stake in SGI, the owner of a 1,700km gas transmission

  • Advisors revealed in sale of Blackstone’s Onyx Renewable Partners platform
    24-December-2020. Renewables

    Details have emerged of the financial and legal advisors that worked on the sale of a stake in Blackstone Group’s Onyx Renewable Partners L.P. to SDCL Energy Efficiency Income Trust (SEEIT). BNP Paribas served as exclusive financial advisor to Blackstone on the sale of a 50% interest in solar commercial and industrial (C&I) developer Onyx, along with

  • SDCL invests in Blackstone's Onyx Renewable Partners, acquires 175 MW portfolio
    24-December-2020. Renewables, Energy

    SDCL Energy Efficiency Income Trust (SEEIT) has agreed to acquire a 50% stake in New York-headquartered Onyx Renewable Partners from funds managed by Blackstone. The London-headquartered, SDCL-managed vehicle has also announced today an agreement to acquire 100% of four solar and energy storage portfolios totalling more than 175 MW from Onyx. Read

  • Empower Energies recruits CFO
    23-December-2020. Renewables

    Empower Energies, a solar power developer focused on the commercial and industrial (C&I) sector, has hired a former managing director at AES Corp. as its CFO. The new hire, Scott Taylor, joins from Moxie Energy, according to two sources familiar with the move. Read More

  • Transurban names new CFO
    22-December-2020. Transport

    Australian motorways group Transurban today appointed Michelle Jablko as chief financial officer. The former CFO of ANZ Bank will replace the outgoing Adam Watson, who left Transurban to join gas infrastructure provider APA Group. Jablko will begin in her role sometime in 2021, Transurban said in an announcement. Read More

  • World's largest energy-from-waste project nears financial close
    22-December-2020. Renewables

    The world’s largest energy-from-waste (EfW) project in Dubai is nearing financial close two years after lenders were first approached to raise construction loans, according to sources familiar with the transaction. A bank club is expected to sign an estimated USD 900m debt facility for the 137 MW project in the coming days, one of the sources said. Read

  • Former Milbank project co-chair builds Polpis Capital private equity team
    22-December-2020. Renewables, Transport

    Eric Silverman, previously co-chair of the project finance group at Milbank, has recruited a team of former executives at Sithe Energies and Credit Suisse for a new private equity firm, Polpis Capital. Silverman’s firm is targeting middle market transactions across clean energy, sustainable transportation and recycling, primarily in North America, according

  • iCON Infrastructure hires former DB banker
    22-December-2020. Energy

    Mark Liu has joined iCON Infrastructure out of its New York office. Liu previously worked in the principal and lending group in Deutsche Bank as a vice-president in infrastructure and energy for four years. Read More

  • Applegreen directors accept Blackstone Infra’s offer
    22-December-2020. Social Infrastructure

    Applegreen's directors have accepted an offer from Blackstone Infrastructure Partners and the founders of the Irish motorway services operator, bringing the EUR 1.3bn take-private deal closer to completion. The company’s founders Robert Etchingham and Joseph Barrett, and Blackstone Infrastructure will pay EUR 5.75 per share of the London-listed company,

  • The Renewables Infrastructure Group invests in Akuo renewables holdco
    22-December-2020. Renewables

    The Renewables Infrastructure Group (TRIG) has announced an investment in a French renewables holding company owned by IPP Akuo Energy. InfraRed Capital Partners-managed TRIG has invested in Phoenix SAS, a holdco comprising five onshore wind farms in northern France with a combined capacity of 74 MW. Read More

  • Fengate acquires stake in Texas wind farm
    21-December-2020. Renewables

    Fengate Asset Management has acquired an equity interest in a 250 MW wind farm in Texas. In the deal, Fengate will jointly own the Amadeus wind farm with developer BayWa r.e., which will continue to manage the asset, according to a 21 December press release. Read More

  • First Sentier’s Nordion to buy FEAB
    21-December-2020. Energy, Power

    First Sentier Investors has agreed to acquire Swedish utility business Falbygdens Energi AB (FEAB) through its portfolio company Nordion Energi from Infracapital, the latter said on Monday (21 December). Nordion Energi, which was formed a year ago from the merger of Swedish gas companies Swedegas and Weum Gas, saw off competition form Equitix, Polhem

  • Morgan Stanley Infrastructure to bid for German fibre group
    21-December-2020. Telecommunications

    A Morgan Stanley Infrastructure Partners-backed fund will make an offer of around EUR 415m to acquire a German broadband provider and is planning further equity investments to upgrade its networks.  Morgan Stanley Infrastructure Partners said on Monday (21 December) that it will make a public takeover offer for Frankfurt-listed Tele Columbus for EUR

  • Clean Energy Fuels to form JV with Total
    21-December-2020. Energy, Renewables

    Clean Energy Fuels Corp. and its largest shareholder, Total, have announced a memorandum of understanding to form a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the US, according to a press release.   Clean Energy will provide USD 30m for the JV and Total will provide USD 50m.   Read More

  • AllianzGI renewables investor takes new role
    21-December-2020. Renewables

    A professional focused on equity investments in the renewable energy sector across the Americas at Allianz Global Investors in New York has taken a new role outside the industry. Catherine Helleux, a professional focused on equity investments in the renewable energy sector across the Americas at Allianz Global Investors in New York, has joined a venture

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