European Infrastructure Deals

by Mitul Patel

  • 07 Sep 2010
  • INF

Preqin data shows that there have been 111 deals completed by unlisted infrastructure fund managers so far in 2010. 60 have been made in assets based in Europe with over half made in the UK (16), France (12) and Spain (10) alone.  A further 16 deals have taken place in Italy (five), Germany (three), Sweden (three), Norway (two), Belgium (one), Netherlands (one) and Switzerland (one). Six infrastructure deals completed in 2010 YTD have been made in assets located in Eastern Europe with two deals made in the Czech Republic and one deal completed in each of Croatia, Hungary, Poland and Turkey.

There have been deals made in 24 different industries so far this year.  The most deals have taken place in the wind power sector with 15 such transactions finalized. There have also been eight solar power deals and three deals a piece in both toll roads and hospitals.

Recently the Atlandes consortium was named as the preferred bidder for the A63 Highway concession in South-West France in an example of a European infrastructure deal. The project is a 40-year concession to re-develop the existing 105 mile toll road stretching between Salles and Saint-Geours-de-Maremne and widen part of the highway to six lanes. The Atlandes consortium, consisting of DIF Infrastructure II, Colas, Egis Projects, HSBC European Motorway Investments 1 and Spie Batignolles, secured the successful bid with a deal amounting to EUR 1.1 billion, which included a EUR 400 million "entry fee" to be paid upfront to the procuring authority.

For more information about the deals completed by unlisted infrastructure fund managers, please see our Infrastructure Online service.

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