Deals

Vinci will partner with the two firms to develop the parking business in fast-growing markets.

London-listed fund manager International Public Partnerships Limited is expecting to launch a placing, open offer and offer for subscription of new ordinary shares by the end of June this year, with the aim of raising £180m.

The move, the UK insurer’s most serious step into clean energy yet, sees it commit to developing a 270MW onshore wind portfolio.

UK pension fund consultants Mercer, Towers Watson and Hymans Robertson have joined the group of pension funds, investment funds and advisers meeting regularly with the government to find an effective way of allocating greater resources to infrastructure projects.

ACS ended up being the engine behind CVC’s entrance into Abertis’ shareholder base - but the transaction may only be a sign of larger restructurings to come.

The US utility has tapped the European market for its second green bond issuance since November.

The concessions arm of Isolux Corsan has completed a €600m capital raise. The lion’s share came from Canada’s Public Sector Pension Investment Board, with the Spanish developer contributing €100m.

The rating agency intends to recognise the increasing significance of defined benefit pension funds as “flexible and cost-effective” lenders to project finance. 

Texas has entered into a PPP agreement with a Flatiron/Dragados consortium to replace an aging bridge and make way for post-Panamax cargo ships.

A decision maker needs to be created to prevent drawn-out studies from blocking US projects, says a prominent industry commentator.