Matthieu Favas
Growth prospects remain strong for infrastructure in Turkey – but too much capital could soon be chasing too few deals in the country, delegates heard at PEI’s Turkey Forum in Istanbul.
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The Abu Dhabi sovereign fund, a regular investor in infrastructure, has run out of dry powder and given up raising a new buyout vehicle.
The German infrastructure fund manager is in line to acquire 11 projects from construction group Bilfinger and is looking to raise additional equity on the public markets before the end of the year.
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The renewables-focused firm, established by PensionDanmark a year ago, has bolstered its senior team with the former head of DONG Energy’s offshore wind construction projects.
Volker Beckers, ex-CEO of RWE Npower, will join ACP shortly after the renewables company’s fundraising efforts reached their first milestone.
The French fund manager will now operate as Ardian, an independent firm led by AXA PE’s founder and executive management.
The £70m acquisition, the fund manager’s eighth since its March IPO, will bring Greencoat’s overall capacity to 153MW.
The Forum development, located on the Cambridge Biomedical Campus, will bring together a post-graduate education centre, a private hospital, a 198-room hotel and a conference centre.
The infrastructure developer, already a major shareholder in Madrid’s transport systems, is now the largest rail investor and operator in Spain.
The Sydney-based investment manager has raised more than €600m over the last 6 months, bringing it close to its €1.5bn target.