Chris Josselyn
OMERS has bought US rail maintenance company Nordco for an undisclosed amount from Riverside, representing a 31% gross IRR for the mid-market firm.
The Italian energy group has sold an 80% stake in Enel Rete Gas for €480m to a consortium including F2i and AXA Private Equity. The sale will help reduce Enel Group’s debt by over €1.2bn.
The Indian infrastructure investor has acquired 100% of Island Power from InterGen. GMR had previously acquired an indirect stake in the project through its 50 percent acquisition of InterGen in June last year. The natural gas power facility is set to be operational by 2013.
The infrastructure investor has posted a loss for the full year after marking down its portfolio value. It has nevertheless increased its annual dividend by 2.4 percent, claiming operational performance remains strong.
The Spanish infrastructure developer has unveiled its new management structure, with three managing directors reporting to the group’s president. The reshuffle follows the appointment of Salvador Alemany as president earlier this month.
The PE fund manager has launched Engineering Renewables Ltd to oversee the management of its renewable energy funds. ERL will manage Platina’s renewables portfolio with assets across the UK, Spain, Greece, Italy and Cyprus.
The New Zealand-based infrastructure investor has reported a loss for the second consecutive year, on the back of multiple asset writedowns. Asset sales could now result to halt the tide of losses.
Manchester Airports Group and Borealis are now in pole position to acquire Gatwick Airport after BAA rejects GIP’s £1.35 billion bid. The elimination comes less than a week after Citigroup's Lysander group was dropped from contention.
The Lysander consortium, which includes Citi, Vancouver Airport Services and John Hancock Life Insurance, has been eliminated from the race to acquire London’s second airport after submitting a 'significantly undervalued' bid.
The development bank has agreed to lend €70m for gas storage facility acquisition to bolster the state’s energy independence.