Madrid, Spain (1st December 2015) – Rubicon Infrastructure Advisors (“Rubicon”) acted as exclusive M&A advisor to a consortium consisting of Cajamar, Cointer Concesiones and Sando Concesiones (together, the “Sellers”) on the sale of their 39.39% combined equity interests in Metro de Malaga (the “Company”). The stake was purchased jointly by Macquarie Corporate Holdings PTY Limited (“Macquarie”) and InfraVia II Invest S.A., managed by InfraVia Capital Partners, (“InfraVia”).
Rubicon represented the combined interests of the Sellers in all aspects of the transaction, from initial due diligence and investor marketing to negotiating with the purchasers and completing the sale. Rubicon has been a leading financial advisor in Spain this year, reaching financial close in May on the sale of three operating transportation assets in the country and actively working on sell-side mandates for seven additional Spanish core infrastructure assets which are expected to reach close in 2015.
Jesus Gonzalez Torrijos, Managing Director of Rubicon commented on today’s transaction saying, “This is an important asset for the community of Malaga and we are pleased to have represented this dedicated and experienced group of institutions who were instrumental in bringing this necessary tram line into operation. This landmark transaction reinforces the market position of Rubicon as a leading infrastructure advisor in Spain”.
The Company was granted a long term concession by the Government of Andalusia to provide transportation to those 200,000 Malaga residents within 500 meters of a station. Today, Metro de Malaga has successfully exceeded its initial demand objectives and has served more than 6.1 million passengers. Metro de Malaga includes two rail lines totaling 11.3 kilometers in length and serving 17 stations. An additional 5 stations are to be added by 2019 which will extend service to the eastern and northern parts of the city.
About Rubicon Infrastructure Advisors Rubicon Infrastructure Advisors is a full-service investment firm that provides investment banking services within the infrastructure sector. The firm’s team comprises industry experts with extensive experience and who have advised or structured over US$200 billion worth of infrastructure transactions across multiple sectors and jurisdictions.
Cajamar is the largest cooperative Spanish credit group and one of the fourteen significant entities of the Spanish financial system, with more than 4 million clients, 1,300 branches and 6,500 employees in 41 provinces. Cajamar has more than €40 billion in assets and €65 billion in assets under management. From the start of its operations in Malaga 50 years ago, is an entity committed to the economic and social development of this province. The activity is mainly driven to the agricultural sector, the SME and small business.
About Cointer Concesiones
Cointer Concesiones is a subisdiary company of the Spanish private construction & services company “Grupo Azvi”, which operates in 11 countries and reported revenues close to €400 million as of December 31st, 2014. Cointer has 37 concessions under management, employs over than 2.000 professionals and operates both domestically and internationally in the following sectors: roads (AP-41 and A4 Tranche III in Spain and Tapachula and Michoacan in Mexico), airports (Arica in Chile), car parks (25,000 spaces in Spain and Chile), logistics infrastructures (Los Andes and Valparaiso Ports facilities, in Chile), educational centres (several schools in Spain) and urban services (urban refuse collection and conservation and maintenance of green zones contracts in Spain). Cointer is one of the largest Toll Electronic´s operator in the world, working in over than 3.800 Km of highways.
About Sando Concesiones
Sando Concesiones is the concession business of Sando, a multinational construction company specialised in sustainable building and civil engineering projects. With over forty years of experience in the sector and with presence in Spain, Morocco and Colombia. Sando has been involved in some of the most significant development projects in the country. Sando Concesiones owns and operates car parks (1,725 spaces in Spain), toll roads (AP-42 and A4 Tranche 3 in Spain) and social infrastructure projects (Tagus Hospital in Madrid).
About Macquarie Corporate Holdings PTY Limited Macquarie Corporate Holdings PTY Limited is a global investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services to institutional, corporate and retail clients and counterparties, with offices in 28 countries, employing 14,000 people around the world. Headquartered in Sydney, Macquarie is the largest Australian investment bank and the top ranked mergers and acquisitions advisor in Australia. As of December 2014 the company reported a total of $486 billion of assets under management, with a net profit of $1.6 billion.
About InfraVia Capital Partners
InfraVia Capital Partners is an investment manager dedicated to the infrastructure sector. InfraVia Capital Partners manages two infrastructure funds, which are both positioned as long term investors across the infrastructure and energy sectors in Europe. InfraVia Capital Partners is affiliated with OFI Asset Management.
Backed by two major French mutual insurance companies, Macif and Matmut, OFI Asset Management puts its asset management skills at the service of third-party investors. With €66 billion of assets under management as at March 31 2015, OFI Asset Management aims to offer a complete range of products and services to European institutional investors.