CVC Capital Partners winds down infra team
Different sources have announced that global private equity firm CVC Capital Partners has decided to wind down its infrastructure team following a strategic review of the business.
The mentioned sources said that Stephen Vineburg, the team's chief executive, has recently left the firm.
Vineburg was hired by CVC in 2007 from Australian wealth manager Colonial First State to lead a new team to invest in core infrastructure such as transport, utilities, and telecoms assets.
The team dropped its plans to raise a €2 billion infrastructure fund due to a lack of investor demand. The fund had been launched a €2 billion in 2008. CVC chose to finance infrastructure acquisitions on a deal-by-deal-basis, but it did not make any investments under the new strategy.
James Harraway, who joined CVC in 2008 and was Investment Director, also left the firm in March 2014 to join Infracapital (M&G Investments). Former infrastructure managing director Alfredo Zamarriego left CVC in December 2013 and he is now working for Brookfield Asset Management.
CVC holds a 25.8% stake in Abertis, the leading international toll road and telecommunications infrastructure operator. The firm agreed to invest jointly with ACS (60%/40%) in the firm in August 2010.
Country news
-
-
June 09, 2014
Chadbourne adds new Project Finance Lawyer in London
Chadbourne & Parke announced today that the firm has strengthened its Project Finance Group in its London office through the addition of international partner Despina Doxaki. Ms. Doxaki is joining Chadbourne from KG Law Firm, Greece's largest multidisciplinary law firm. Read more -
June 09, 2014
Sweett Investment reaches Contract Close on Scottish school project
Sweett Group, UK-based construction and property consultancy firm, announced in early May that Sweett Investment Services (SIS), in conjunction with hub North Scotland Limited, achieved commercial close on the Brimmond Primary School PPP project in Aberdeen, UK. Read more -
June 10, 2014
Miller achieves FC for 31.4m Alford community campus
Miller Construction has announced that it is set to deliver the new state of the art Alford Community Campus for Aberdeenshire Council in Scotland, UK. Read more -
June 10, 2014
Capita has appointed Manoj Gupta as technical director of transportation
Manoj, who has over 20 years civil engineering experience across the UK, Australia and Asia, joins the company from URS Australia where he was a transport and infrastructure (structures) director overseeing major schemes such as the Newcastle Heavy Rail Truncation for Transport for New South Wales; Read more -
June 11, 2014
Financial close reached for Kilmarnock campus NPD
Ayrshire College, Scotland, has announced that the financial close for the Kilmarnock campus NPD PPP project has been achieved. Read more
