DUBLIN, IRELAND, DECEMBER 14, 2023 – Rubicon Capital Advisors (“Rubicon”) is pleased to announce it has acted as the sole and exclusive M&A advisor to the Real Estate & Private Markets division of UBS Asset Management (“UBS AM”) in the sale of Autovía del Camino, S.A. (the “Concessionaire”) to Abertis Autopistas España, S.A.U., a Spanish subsidiary of Abertis Infraestructuras, S.A. (“Abertis”).

The Concessionaire is responsible for the design, build, finance, operation and maintenance of a critical section of the A-12 road, in Navarra, Spain which comprises a 72km shadow toll road linking the cities of Pamplona and Logroño (the “Project”). The Project was procured under a concession agreement granted in July 2002 by the Regional Government of Navarra and which is expected to terminate in 2030 (c. 7 years remaining).

After 6 years of owning and managing the Concessionaire, the disposal by UBS AM is part of the natural rotation of the assets in its funds while for Abertis, the acquisition is a key component in its recently announced growth strategy, particularly given the Project’s location in its home market of Spain.  The transaction is expected to reach financial close by year-end 2023 upon receipt of the usual approvals.

Carmen Lopez, Partner &  Managing Director at Rubicon, said “We are delighted to have advised UBS AM on the closing of this important transaction, which represents the largest Spanish PPP secondary sale in 2023.  Together with recently announced deals for PPP transport and social assets in Ireland, Canada, the USA and Colombia, this demonstrates once again Rubicon’s market leading M&A credentials for PPP transactions across the globe”.

Over the last 10 years, the firm has acted as advisor to global strategic sponsors and major financial investors in the sale, acquisition or financing of over 60 different core transportation assets across 3 different continents with an enterprise value well in excess of €40 billion.

About Rubicon Capital Advisors

Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy transition, digital & utilities sectors. With offices across Europe, the Americas and Asia, the firm has a truly global reach. Since its inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of over 150 essential infrastructure, energy transition, digital & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value of more than €85 billion. The firm is regulated by the Central Bank of Ireland and its U.S. affiliate is a member of FINRA and SIPC and registered as a broker-dealer with the SEC.

Learn more about the firm at: www.rubiconcapitaladvisors.com and by following Rubicon Capital Advisors on LinkedIn.

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For additional media inquiries, contact:
Carmen Lopez
T: 353 1 906 0666
E: info@rubiconcapitaladvisors.com