A consortium consisting of Macquarie Corporate Holdings (Macquarie Capital) and InfraVia II Invest, managed by InfraVia Capital Partners (InfraVia) have acquired a 39.39 per cent equity interest in Metro de Malaga from Cajamar (18.86 per cent), Cointer Concesiones (11.96 per cent) and Sando Concesiones (8.57 per cent).
On completion, the buyers will represent the largest private shareholder in the Company which has been successfully operating since July 2014.
The company was granted a long term concession by the Government of Andalusia to provide transportation to those 200,000 Malaga residents who live within 500 meters of a station. Today, Metro de Malaga has successfully exceeded its initial demand objectives and has served more than 6.1 million passengers. Metro de Malaga includes two rail lines – Lines 1 and 2 – totalling 11.3 kilometres in length and serving 17 stations. An additional five stations are to be added by 2019, which will extend service to the eastern and northern parts of the city.
“Macquarie Capital specialises in developing and building new infrastructure projects globally. We are delighted to be investing in the region’s largest landmark development project alongside world-class local and international partners”, says Mark Bradshaw, Head of PPP and Senior Managing Director at Macquarie Capital.
Vincent Levita, Founder and Chief Executive Officer of InfraVia, says: “This premier essential asset solves the increasing issue of providing reliable, quality public transportation in the ever-expanding region. We are pleased to be participating in the largest infrastructure development recently undertaken in Malaga”.
Rubicon Infrastructure Advisors acted as exclusive financial advisor to the sellers with respect to this transaction. Legal advice was provided by Cuatrecasas, Gonçalves Pereira to the Sellers and by Ashurst LLP to the Buyers.
ance sector has strong growth potential and significant consolidation opportunities. We are delighted to be backing a management team with a proven track record in the sector and a clear strategy to build a group of significant scale.'
