Jordan Stutts
The advisory firm has hired industry veteran John Casola to head the infrastructure finance division at its new Toronto office.
The US fibre optic purchase is not the start of a strategy shift for the European fund manager, but signals its willingness to pursue ‘unique’ opportunities in other OECD markets.
The tables have turned with infrastructure funds, once edged out of deals by yieldcos, now buying these vehicles.
Having emerged as the preferred bidder in late January, the LINXS consortium will now wait for the city council to approve its proposal for the $4.5bn people mover PPP.
The firm buys 50% of the Canadian company and will help develop its $150m pipeline of projects in Vancouver and Toronto.
Robert Keough joins JLC Infrastructure as a managing partner who will help form their investment team and lead deal execution.
The president’s framework has proposals to incentivise investment but places a heavy burden on local governments to figure out how that’s done.
The Canadian pension fund has chosen a development consortium led by SNC Lavalin to build the 67km metro system.
Wallace Henderson and Sebastian Sherman are the final two senior members hired to drive the group’s nascent infrastructure unit.
The publicy traded yieldco struggled to maintain value as the cost of solar projects fell and competition increased.