September 2006

ABP acquisition debt nears close 26 September 2006

The £2.37 billion acquisition facility backing the buyout of of Associated British Ports (ABP) by Goldman Sachs-led consortium Admiral Acquisitions is expected to close this week.

MIG's M6 refi syndicating 26 September 2006

Mandated lead arrangers Banco Espirito Santo, Banco Santander Central Hispano, Calyon and Dresdner Kleinwort have launched senior syndication of the £1.03 billion senior term loan refinancing for MIG's M6 toll road concession in the UK.

John Laing accepts takeover bid 19 September 2006

Project manager John Laing has agreed to a takeover bid by secondary equity fund manager Henderson for £886.9 million. This places a value of 355 pence per share, however, shares in the company have now surged to 366 pence on the possibility of a counter bid. The board of directors unanimously recom...

Emperor's new shoes? 01 September 2006

Infra funds are the new investor 'must have' and a host of banks and private equity are setting up shop to mimic the success of market leader MIG. So why is MIG about to kick off its highly leveraged heels and go for something more conservative? By Sean Keating