Matthieu Favas
Financial ‘flexibility’ of the combined entity would be constrained, assuming the €16bn transaction is greenlit by regulators, Standard & Poor’s said.
The current head of SL Capital is set to helm the unit just days after shareholders approved a £3.8bn transaction that will create the UK’s largest asset manager.
The Dutch firm, which held a close after running out of dry powder earlier than expected, is advancing towards its €1.5bn target.
While funds are getting raised in record times, LPs are having ever more difficulties filling their infrastructure bucket. Should the industry be worried?
The debt is being provided as part of a £145m junior loan to Yorkshire Water.
The firm’s third flagship renewables fund, which targets an IRR of 10%, attracted about 20 LPs.
The asset manager is set to launch a successor after making a 32-year bond investment in the UK’s M6 toll, which IFM acquired on Monday.
The vehicle, which has a £300m target, aims to generate 8-10% returns from local infrastructure and social housing projects.
The Old Mutual subsidiary will use its latest vehicle to invest in the €125m facility, the first independent power project to feed into the West African country’s grid.
The UK firm is targeting a pipeline of deals including a 120MW ground-mounted project amid booming appetite for renewables Down Under.