CVC abandons plans for $2.5 billion infrastructure fund
Date
July 11, 2013
Subscribe to our newsletter and get the latest news and business opportunities in your inbox
According to Bloomberg and other sources, CVC Capital Partners Ltd. has dropped plans to raise a 2 billion-euro infrastructure fund after struggling to attract investors.CVC, which started the fundraising in 2008, had pledges from three external backers. Those commitments will be allowed to lapse and the fund wound up, people related to the fund said.
According to Bloomberg, CVC's team of infrastructure executives, led by Stephen Vineburg, will now advise investors on potential targets. CVC will try to get investors to invest on a deal-by-deal basis.
In August 2011, CVC acquired a 1.7 billion euro ($2.24 billion) stake in toll road operator Abertis from Spanish conglomerate, ACS. See other assets that CVC currently has in its portfolio.
List of country news
Country news
-
-
July 12, 2013
Gibraltar launches tender for wastewater DBFO
The Government of Gibraltar has announced the launch of a tender for the Design, Build, Finance and Operation of a Wastewater Treatment Plant.Only five private firms/consortia will be invited to tender. The most economically advantageous tender in terms of the criteria will be selected. Read more -
July 12, 2013
Clubfinance Project Finance appoints ex-Covanta Energy financial analysis expert
Clubfinance Project Finance has appointed Viet Nguyen as a manager and financial analyst. Read more -
July 12, 2013
Oxford capital targets 100m for its Oxford capital infrastructure III fund
UK investment firm Oxford Capital is targeting £100m for its Oxford Capital Infrastructure III fund through which it will invest in solar generation assets and is looking for a first close before the end of the year. The fund is targeting index-linked yields of 7-9%. Read more -
July 15, 2013
3i Infrastructure updates on BIFM acquisition and Thameslink
3i Infrastructure plc released on July 9th, 2013, a quarterly Interim Management Statement updating on its new investments and deals. The main points of the statement are the following: Read more -
July 15, 2013
Galliford Try wins Edinburgh hospital redevelopment PFI
Galliford Try plc announced that its Scottish business Morrison Construction has been appointed preferred phase one contractor by hub South East Scotland on behalf of NHS Lothian for the first phase of the £41.8m redevelopment of the Royal Edinburgh Hospital. Read more
