Vauban Infrastructure Partners (Vauban) has acquired SPER – Sociedade Portuguesa para a Construção e Exploração Rodoviária, and Planestrada – Operação e Manutenção Rodoviária, two companies that manage a 113 km shadow-toll road on IP-2 in the province of Baixo Alentejo (Portugal).
Through this acquisition Vauban strengthens its investment in the mobility sector in Portugal. Through this acquisition, Vauban is committed to maximise its impact in the region and create sustainable value to all the stakeholders over the long-term.
The acquired asset benefits from a long-term concession with 18 years of remaining life and low regulatory risk (the concession agreement was signed in January 2009; construction was completed in October 2016 and operation will last until 2039).
Vincent Cassagne, Investment Director – Partner at Vauban Infrastructure Partners, says: “Vauban expands its footprint in the Iberian region by acquiring a controlling stake in this highway. We have once again succeeded in integrating to our portfolio an infrastructure providing essential services. This deal shows another example of our perseverance and ability to find and invest high quality core assets on the market.”
Read more/Source: Private Equity Wire
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