DUBLIN, IRELAND, February 19, 2019 – Rubicon Infrastructure Advisors (“Rubicon”) is pleased to announce that the refinancing of two Irish PPP projects, the Schools Bundle 3 project and the N11 motorway project, have successfully reached financial close, with the support of the existing lenders, Bank of Ireland and EIB. Both projects are brownfield availability-based PPP projects with a track record of solid operations. The transactions are owned by BAM and PGGM through their successful joint venture BAM PPP PGGM Infrastructure Coöperatie U.A.
Rubicon Managing Director Christian Kummert stated, “We were able to achieve significant benefit to the key stakeholders from the refinancing of these transactions.”
These transactions follow the successful refinancing of five other PPP projects in Switzerland and the Netherlands with BAM-PGGM, where Rubicon also acted as a financial advisor to the respective concessionary company and their shareholders.
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 Europe and the Americas, along with further expansion plans in 2019 to open an office in Sydney & Mexico City, the firm has a truly global reach. Since inception in 2011, Rubicon has closed on 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 $40 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.
About BAM PPP
BAM PPP is responsible for Royal BAM Group’s involvement in public private partnership (PPP) projects. BAM PPP operates in five key European markets– the Netherlands, Belgium, UK, Ireland, and Germany – and is exploring new markets in addition to broader project finance investment opportunities. BAM PPP’s sector expertise includes roads, rail, education, health, justice, marine and general accommodation. BAM PPP is an operating company of Royal BAM Group, a worldwide construction services company listed at Euronext Amsterdam. www.bamppp.com.
PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On December 31, 2018 PGGM had EUR 211 billion in assets under management and was administrating pensions of 4.4 million participants. Around 750,000 workers in the Dutch healthcare are connected to PGGM&CO, our members organization. Either alone or together with strategic partners, PGGM develops future solutions by linking together pension, care, housing and work. www.pggm.nl.
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