iCON Infrastructure, the independent fund manager which spun out of Deutsche Bank last summer, has appointed Iain Macleod, also ex-Deutsche Bank, as a partner with effect from July 2012, the fund manager announced in a statement.
Macleod, a veteran banker with 20 years of corporate finance and infrastructure experience, spent the last 11 years in Deutsche Bank, where he was head of transportation and infrastructure for Europe, the Middle East and Asia and head of M&A for Asia.
He has been involved in a number of headline-grabbing deals, including DP World’s £5.2 billion [€/$ equivalents] acquisition of P&O, the $5 billion Hutchison Ports Trust initial public offer (IPO) and the $4.2 billion IPO of DP World, to name a few.
“Iain’s strong relationships and transaction experience promise to enhance further iCON’s proven ability to source and execute attractive infrastructure investments for our investment partners. He will also play a key role in the management of our business as we continue to build on our recent successes,” commented senior partner Paul Malan.
iCON Infrastructure was recently in the running to acquire the UK water assets of French firm Veolia Environnement, valued at £1 billion – this conversion not needed. The fund manager had teamed up with Canadian pension PSP Investissements and is thought to have submitted an initial bid for the assets, but will not go ahead with putting in a binding bid next week, sources told Infrastructure Investor.
In its statement, iCON Infrastructure said its team has been responsible for some €2.5 billion of “institutional investment in mature infrastructure assets over the past decade”.