MADRID, SPAIN, October 11, 2018 – Rubicon Infrastructure Advisors ULC (“Rubicon”) is pleased to announce the formation of a long-term partnership entered into by COMSA Concesiones with Mirova (“Mirova”) to develop an infrastructure investment platform in Europe.
Rubicon served as exclusive financial advisor to COMSA Concesiones in the development of this new partnership. As part of the agreement, COMSA Concesiones has contributed a portfolio of PPP seed assets located in Spain to the newly created vehicle, Mircom Concesiones de Infraestructura S.L. (“MirCom”), which will serve as the first step towards the development of the investment platform. Mirova will hold a controlling equity stake, while COMSA Concesiones will retain a significant minority position. The parties have agreed not to disclose the pricing or shareholding distribution at this time.
Moving forward, the parties will continue to develop MirCom’s portfolio through potential “bolt-on” acquisitions of COMSA Concesiones’ remaining PPP assets. Mirova and Comsa have also agreed on the terms of potential future collaborations in new greenfield transportation and social infrastructure PPPs in Spain and across other OECD countries.
“We are delighted to have represented COMSA Concesiones for a second time and in this instance helping them forge an innovative partnership with a sophisticated financial investor which will help to advance the competitive landscape for greenfield PPP assets in Europe and beyond,” explained Rubicon Managing Director Jesus Gonzalez.
With the closing of this transaction, Rubicon continues to maintain its 100% success rate in closing every sell-side assignment on which it has been mandated over the past three years.
About COMSA Concesiones
COMSA Concesiones is the subsidiary company of COMSA Corporación specialized in the management and operation of infrastructure assets. Founded in 2002, the company focuses its activity on real estate and transport infrastructure, which includes railways, roads and highways. Particularly, COMSA Concesiones manages assets worth €797 million and operates 382 km of toll highways and 225 km of railway concessions.
COMSA Corporación is the largest unlisted Spanish group of the infrastructure and engineering sector. Founded in 1891, the business group has a turnover over 1,000 million Euros, manages a staff of more than 7,500 people and is located in 24 countries.
Additional information can be found at: www.comsa.com.
Mirova is part of the BPCE Group, the second banking group in France. Mirova, a wholly owned subsidiary of Natixis Asset Management, is a fund management company dedicated and specialized in social responsible investing with €6 billion of assets under management. Mirova’s investment philosophy is based on the conviction that the integration of sustainable development issues provides investors with solutions that create value over the long term, not only through better identification of risks, but also by identifying investment opportunities in a changing world. Additional information can be found at: www.mirova.com.
About Rubicon Infrastructure Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy & utilities sectors. With offices in Dublin, London, New York & Madrid along with near-term plans to open offices in Bogotá & Sydney, the firm has a truly global reach. Since inception in 2011, Rubicon has closed over 40 transactions covering the sale, acquisition or refinancing of approximately 100 essential infrastructure, energy & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value in excess of USD $35 billion. The firm is regulated by the Central Bank of Ireland. Learn more about the firm at: www.rubiconinfra.com and by following Rubicon Infrastructure Advisors on LinkedIn.
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