Rubicon Infrastructure Advisors (“Rubicon”) is pleased to announce that financial close has been reached in the sale by Acsa, Obras e Infraestructuras, S.A.U., a member of Sorigué group (“ACSA“), of its equity interests in the Barcelona Metro Stations Line 9 Section II, Section IV (the “Concessionaries”) and a related maintenance company to John Laing Infrastructure Fund (“JLIF”). The Concessionaries are responsible for the operation and maintenance of the metro stations along a portion of the Line 9 Metro System (the largest metro line in Europe) under a long term concession agreement with IFERCAT, a public agency of the Catalonian Government.
Rubicon was the exclusive strategic and financial advisor to ACSA.
Commenting on the transaction, Jesus Gonzalez Torrijos, Managing Director of Rubicon said:
“We are delighted to have assisted ACSA in this landmark transaction, which reinforces our prominent and leading position as the No. 1 Spanish infrastructure M&A advisor and one of the leading infrastructure M&A advisors in Europe. We were pleased to be able to deliver yet another successful close in record time, which delivered significant shareholder value to our client. Both our client and the buyer appreciated the fast and efficient sale process we ran that resulted in a win/win situation for both parties”
This transaction marks Rubicon’s sixth successful M&A deal in 2016 and its thirteenth transaction in the past 12 months, representing 29 individual assets with a combined enterprise value in excess of €8.5 billion. This proven track record led to Rubicon being recognised as one of the top 10 global financial advisory firms in 2015.
Below, please find a link to JLIF’s official announcement which was distributed to the London Stock Exchange:
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 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.