Andy Thomson
Once a major force in project finance before lying low during the years of excess, Deutsche Bank has re-emerged in the market over the last few years. In a challenging but more rational environment, the bank’s asset finance head Bernd Fislage speaks of the bank’s strategic priorities
The Transmission Capital Partners consortium, which includes London-listed investor INPP, has announced financial close on the £36.5m Barrow offshore transmission project. It’s the third transaction of its type that the consortium has closed so far this year.
In a positive sign for the syndication market, three banks – BBVA, Credit Agricole and Natixis – have closed an oversubscribed syndication of £236m of senior secured credit facilities for the SITA South Tyne & Wear waste project.
The Netherlands-based international financial services firm has recruited two new hires to its New York-based Renewable Energy & Infrastructure Finance (REIF)-Americas business.
Having used several Private Finance Initiative (PFI) schemes as test cases, the UK’s Treasury now believes it can achieve £1.5bn of savings from the 495 PFI projects operational in England. The government has been fiercely critical of the costs of such schemes.
The winning consortium has achieved financial close for the Gunfleet Sands offshore transmission project in the UK. All of the equity for the project is being provided by INPP, the London-listed infrastructure investor, while Barclays, BNP Paribas and Lloyds are providing senior debt.
Valuing portfolio companies based on a discounted cash flow approach is controversial when applied to private equity. We discover why valuation experts still consider it the most appropriate method for infrastructure.
The French private equity firm has invested a further €15m in Fonroche Energy following an initial €25m equity investment in April last year. Fonroche has also signed a €52m credit line with a banking syndicate led by Credit Agricole.
The French private equity firm has invested a further €15m in Fonroche Energy following an initial €25m equity investment in April last year.
The fund has completed the refinancing of its corporate credit facility through an agreement with existing lenders which lengthens the facility and reduces it in size.