Rubicon Advises on the Sale of 100% of Hospital del Tajo in Spain

Rubicon Infrastructure Advisors (“Rubicon”) is pleased to announce the successful sale of Hospital del Tajo, S.A. and associated facility management operating company, Explotadora del Hospital del Tajo, S.L. (the “Project”) to Quaero European Infrastructure Fund, an infrastructure fund managed by Quaero Capital (“Quaero”). Rubicon acted as the sole and exclusive M&A sell-side advisor to the equity owners of the Project, Assignia Infraestructuras, S.A. (“Assignia”), Instalaciones Inabensa, S.A. (“Inabensa”) a subsidiary of Abengoa and Sando Concesiones, S.L. (“Sando”).

Hospital del Tajo, which has been in operation since 2007, provides clinical services to over 70,000 people from the municipalities of Aranjuez, Colmenar de Oreja, Chinchon, Valdelaguna and Villaconejos and is the only large health care facility in the municipality of Aranjuez (58,000 inhabitants).The hospital is part of the New Public Health Infrastructure Plan (2004-07), which was launched by the Region of Madrid in 2004. The hospital’s clinical services are provided directly by the Region of Madrid and are not included in the perimeter of the transaction.

“We are very pleased to have assisted our clients in selling the Project to Quaero, its inaugural investment in Spain”, said Jesus Gonzalez Torrijos, Managing Director and Partner at Rubicon. This transaction further reinforces Rubicon’s dominance in the Spanish infrastructure market with five transactions, involving eighteen infrastructure assets, closed to date in 2017.

About Rubicon Infrastructure Advisors

With representation in Dublin, New York, Madrid and Sydney, Rubicon is a specialist investment banking firm focused solely on the global infrastructure and energy market. The firm’s team comprises industry experts with extensive experience and who have advised or structured over €200 billion worth of infrastructure transactions across multiple sectors and jurisdictions (www.rubiconinfra.com).

About Quaero Capital

Launched in October 2015 by Quaero Capital, Quaero European Infrastructure Fund is a French fonds professionnel de capital investissement investing equity into infrastructure projects in sectors such as, transport, social infrastructure, telecom, energy, and utilities in Europe. Quaero Capital manages EUR 275 M for this infrastructure strategy. The fund manager Quaero Capital is an independent asset management company with headquarters in Geneva and offices in Paris, Zurich, Luxembourg and London. Quaero Capital is operating with the agreement from both the French Monetary Authority (AMF) and the Swiss FINMA. (www.quaerocapital.com)