December 2006

Italy gets first PPP fund 12 December 2006

The initial funding round for Fondo PPP Italia, the first Italian equity fund devoted to investing in PPP projects, has successfully closed oversubscribed, raising Eu120 million.

WestLB backing Henderson's Laing purchase 07 December 2006

The Laing shareholder court meetings to approve Henderson's £1 billion ($1.91 billion) takeover passed without hitch and now the deal is looking for Government approval for the transfer of assets. The deal is scheduled to be finalised on 22 December, with the formal delisting of Laing shares on 27 D...

Thames Water debt out 05 December 2006

The £3.9 billion debt backing Macquarie's acquisition of Thames Water has been launched to the market. The package uses three levels of acquisition debt and is tranched to lower the regulatory risk with rated, quasi-investment grade, and unrated facilties. The deal is less leveraged than the compara...

Bids in for HHLA port operations stake 01 December 2006

The deadline for initial bids for the City of Hamburg's sale of its 49% stake in Hamburg Port operator Hamburger Hafen und Logistik (HHLA) passed today.