06 Dec 2016 | 01:46 pm |
International law firm Pinsent Masons has advised Aberdeen Asset Management's Infrastructure Funds (AIF) on its acquisition of a 49.99% stake in Intertoll Europe’s PPP portfolio for ZAR 633.2 million (EUR 43 million).
The portfolio comprises of shares in the A1 PPP in Poland (15%) and two sections of the M6 in Hungary, Mecsek (10%) and Duna (12.67%).
Pinsent Masons advised on the due diligence, and the sale and purchase agreement. The team was led by Partner and Head of Projects in the firm's Paris office, Stéphane Gasne, and Senior Associate Sonal Shah. They were supported by Gina Fogarty, Cyrielle Barbier and Alexandra Christensen (Projects), Michael Duffy and Kirsty McLean (Finance), Graeme Stapleton (M&A) and Robert Eriksson (Competition).
The assets will be held in a joint venture vehicle, which will be named Intertoll Capital Partners. JSE-listed Group Five, Intertoll Europe’s parent company, will continue to hold 50.01% of the portfolio.
Stéphane Gasne commented: "We are very pleased to have advised Aberdeen on this portfolio and arrangement that will allow both parties to invest in road projects. This deal is a great example of secondary market partnering as a platform for future infrastructure investments."
Key Contacts
Multinational law firm Pinsent Masons has advised Carlton Power on the establishment of a joint venture with Schroders Greencoat for the development of a portfolio of green hydrogen projects in the UK.
Pinsent Masons Vario is launching its flexible services in Ireland, further expanding the reach of the market-leading service which provides flexible legal resource to busy in-house legal teams.
Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.
Multinational law firm Pinsent Masons has advised Carlton Power on the establishment of a joint venture with Schroders Greencoat for the development of a portfolio of green hydrogen projects in the UK.
Pinsent Masons Vario is launching its flexible services in Ireland, further expanding the reach of the market-leading service which provides flexible legal resource to busy in-house legal teams.
Multinational law firm Pinsent Masons has advised Dublin-headquartered private equity firm Erisbeg on the agreement to acquire the entire issued share capital of PageOne Communications from the Capita Group.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]