Listed above you will find the 10 winning deals in the inaugural Infrastructure Investor Banking Awards for Excellence in 2013 and, on the pages that follow, you will find reasons why each of these deals triumphed in their respective categories.
At Infrastructure Investor, we decided it was important to recognise the contribution of the banks to the infrastructure asset class. To some, it might seem counter-intuitive to do so at this point in time. After all, we are frequently told that the future of long-term infrastructure finance lies not in the hands of bankers but institutional investors.
There is some truth to this. It is clear that many banks have departed the scene in the wake of the Crisis and that those which remain are more inclined to provide shorter-term finance. But it’s equally true that, in an evolving market such as this, the banks have a crucial role to play in helping to shape the market of the future.
Indeed, if our winners have a common denominator, it’s that they all offer some kind of innovation that makes doing deals in the brave new post-Crisis world just a little easier for others who will follow their lead.
The results were arrived at after we invited the banking community to make submissions over a period of several months. Thank you to everyone who participated. Our thanks also go to Gershon Cohen, Geoff Haley and Chris Shawyer (see “judging panel” on this page) who brought their expert insights and opinions to bear in determining the merits of each submission.
THE JUDGING PANEL
Gershon Cohen is managing director and fund principal at Scottish Widows Investment Partnership, where he heads an infrastructure funds platform with $1.4bn in institutional funds under management. He is fund principal of three greenfield infrastructure funds focused on the UK, Europe, US and Australia, and chairman of the advisory committee of a brownfield UK/European infrastructure fund and led the capital raising of all four funds.
GEOFF HALEY is the founder and chairman of the International Project Finance Association (IPFA), the largest independent not-for-profit project finance trade association in the world. Originally a construction lawyer, he has specialised in project finance and public-private partnerships since 1985. He has specialist experience in large and complex projects in transportation, energy, water treatment, healthcare and education.
CHRIS SHAWYER is now retired but was head of loan syndications for Norddeutsche Landesbank’s (NORD LB) project finance activities in Europe from 2008 to 2013. This covered transactions in renewable energy (onshore and offshore wind and solar PV) and infrastructure (social infrastructure, other PFI/PPP transactions and waste). Prior to this he was with Lloyds Bank Group since 1982 and was the managing director and head of Lloyds’ capital markets activities.
ANDY THOMSON is the senior editor of infrastructure, having joined PEI in October 2003. He plays a leading role in the development of PEI’s print and online publications, including Infrastructure Investor magazine and the InfrastructureInvestor.com website. He was previously editor of Private Equity International.