Managers Acquire Babcock & Brown European Infrastructure Fund

July 23, 2009

Arcus Infrastructure Partners LLP has acquired the €2.2 billion ($3.13 billion) Babcock & Brown European Infrastructure Fund.







Arcus Infrastructure Partners LLP (“Arcus”) has acquired the €2.2 billion ($3.13 billion) Babcock & Brown European Infrastructure Fund (“BBEIF”).  The newly launched Arcus purchased all of Babock & Brown’s (“Babcock”) interest in BBEIF for an undisclosed sum and will rename the fund Arcus European Infrastructure Fund 1.  Arcus is led by senior partner Simon Gray, managing partner Toto Lo Bianco and five other partners, all of whom were senior members the BBEIF team.  BBEIF focuses on buying long-term stakes in European infrastructure assets.  In August 2008, Babcock said that BBEIF had uncommitted capital of €1.3 billion and in December 2008, the fund agreed to buy a stake in Euroports, one of Europe’s largest port operators.  Arcus has declined to comment on the investments in the portfolio and the strategy for the remaining uninvested capital.  This transaction is one in a series of asset sales being completed by Babcock & Brown Ltd., an investment management and advisory firm, which was placed into voluntary administration on March 13, 2009.  For more information, go to


http://in.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idINLN21965620090723






 



Categories

Hedge Fund M&A, Investment Manager M&A, Transactions