Magnus Christensson, the European head of fund placement activities at Jefferies bank, is joining TPG Capital as a member of its European capital raising team.
The ‘Connecting Europe Facility’ will be unveiled next week and will focus exclusively on trans-European transport, energy and ICT projects. Between 15% and 20% of the proposed €50bn in spending will be leveraged through financial instruments and public-private partnerships.
The UK-based firm has built a large consumer debt collection platform which positions it to buy portfolios of consumer credit card debt from banks that don’t have the resources to service it.
Blackstone-affiliate GSO Capital Partners has collected more than $2bn for its second mezzanine fund. GSO's fund will compete with other mega-firms that have raised capital to take advantage of the tight credit markets.
The firm has already completed its first investment with its fifth European mezzanine fund, backing the buyout of business intelligence provider Bureau van Dijk.
The firm beat its $150m target for its second mezzanine fund, capitalising on a growing strategy amid a slowing credit market.
The Toronto-based mid-market firm has made one acquisition from the fund, acquiring Kansas-based automotive product-maker Hopkins Manufacturing Corporation.
Listed vehicles have been successful in strengthening their balance sheets during the financial crisis and are ready to deploy capital once markets settle, according to research from Deloitte.
A club of 12 banks is providing a seven-year loan to fund the team’s recent acquisition of GDF Suez’s Italian gas grid and re-leverage two other local gas grids bought over the last two years. AXA/F2i is now Italy’s second-largest gas distributor.
A Freshfield survey shows that Europe’s infrastructure industry supports the Europe 2020 Project Bond initiative. But investors want more clarity on how it will work and a speedy implementation. The latter is also defended by the EIB president (pictured).