UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
2 min read · 05 January 2013
The New York State Asset Maximisation Board envisioned by the state’s Asset Maximisation Commission bears similarities to other project delivery organisations in the US and Canada, but at its heart lies something unique: strong, central authority for fast-tracking public-private partnerships.
4 min read · 05 January 2013
Emmett McCann, an executive director in Morgan Stanley’s infrastructure advisory team in London, will be based in Highstar’s upcoming London office. His career move coincides with the departure of Rob Collins, formerly the head of infrastructure investment banking for the Americas at Morgan Stanley.
1 min read · 05 January 2013
Lawmakers estimate that the cash-strapped Midwest state could raise upwards of $5bn from long-term leases of the two assets. A bill being drafted would also create a catalogue of other assets the state owns so that lawmakers can determine what else they could monetise.
3 min read · 05 January 2013
The Guy Hands-led firm is one of several investors interested in PD Ports, the UK port operator owned by Babcock & Brown Infrastructure. CVC, HgCapital, Carlyle and Star Capital are also reportedly interested in the asset.
1 min read · 05 January 2013
The deal gives the energy and power private equity firm a management team of 80 professionals across four cities and the development rights to a 4,000-megawatt portfolio of wind power in 11 states.
2 min read · 05 January 2013
Having previously turned down a takeover bid from TPG and Global Infrastructure Partners that valued it at A$2.9bn, the Australian port and railroad operator is considering a number of proposals that could lead to asset sales or a change of control. Concerns over leverage have reduced its market value to A$500m.
2 min read · 05 January 2013
Losses of 19.5% in public markets and 13.7% percent in private equity were partially offset by gains of a 6% gain in real estate. The Canadian pension plan, one of the country’s largest, is now valued at C$44bn, versus C$52bn at the end of last year.
2 min read · 05 January 2013
The transaction is the recently-launched Challenger Emerging Markets Infrastructure Fund’s second deal and its first bolt-on to a platform company. Managing director hopes to replicate the Chilean strategy in Asian countries as the fund moves ahead with a $1.2bn fundraising effort.
2 min read · 05 January 2013
Citadel portfolio company TAQA Arabia has won a $165m gas distribution contract in Libya, while Dina Farms, an Egyptian dairy backed by the firm, has successfully secured $36m in debt financing.
2 min read · 05 January 2013
