The Hellenic Republic Asset Development Fund (HRADF) announces that ten (10) investment schemes expressed today their interest (Phase A) to acquire a 30% stake in Athens International Airport SA (AIA) owned by the HRADF.
In particular, Expressions of Interest were submitted by (in alphabetical order):
- ADP GROUPE
- APG ASSET MANAGEMENT
- AVIALLIANCE GMBh
- Consortium of ARDIAN INFRASTRUCTURE FUND S.C.A, SICAR and ARDIAN INFRASTRUCTURE FUND V B S.C.S. SICAV – RAIF
- Consortium of KKR – EGIS
- Consortium of MEIF 6 ATTIC INVESTMENT, RAFFLES INFRA HOLDING and CHENGDONG INVESTMENT CORPORATION
- FERROVIAL INTERNATIONAL SE
- FIRST STATE INVESTMENTS
- GLOBAL INFRASTRUCTURE PARTNERS
- VINCI AIRPORTS
HRADF’s Advisors will evaluate the aforementioned Expressions of Interest and submit to the Fund’s Board of Directors their recommendation regarding the candidates that qualify for the next phase of the tender.
|Investor||Generic description (English)|
|1. FIRST STATE INVESTMENTS||First State is a global asset management business focused on providing high quality, long-term investment capabilities to its clients. Its clients that include institutional investors, pension funds, wholesale distributors and platforms, financial advisers and their clients.
First Sate started in Australia in 1988 and is now an established global asset management business with a diverse client base supported by regional operations. First State was owned by Commonwealth Bank of Australia until 2 August 2019, when it was acquired by Mitsubishi UFJ Financial Group, Inc.
|2. Consortium of KKR – EGIS||KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR was founded in 1976 by Henry Kravis and George Roberts.
Egis is a major international group in the construction engineering and mobility services sectors. Egis has large experience in the various types of public-private partnerships (concessions, PPP, BOT, DBFO, …) as an equity partner in addition to its role as an operator. Egis also invests in the equity of project companies, either directly or through Egis Investment Partners. Operates 17 airports in 8 countries, including the aiports of Larnaca and Paphos in Cyprus where it holds a 20% equity stake. Egis is 75% owned by Caisse des Dépôts.
|3. GLOBAL INFRASTRUCTURE PARTNERS||GIP is an independent infrastructure fund manager.
GIP is headquartered in New York City with offices in London, Mumbai and Sydney and its equity investments are in infrastructure assets in the energy, transport and water/waste sectors. GIP led consortiums have acquired Gatwick in 2009 and Edinburgh Airport in 2012 while in the past GIP had invested in London City Airport
|4. FERROVIAL INTERNATIONAL SE||Ferrovial, S.A., previously Grupo Ferrovial, is a Spanish multinational company involved in the design, construction, financing, operation and maintenance of transport infrastructure and urban services. It is a publicly traded company and is part of the IBEX 35 capitalization-weighted stock market index.|
|5. APG ASSET MANAGEMENT||One of the largest pension asset managers in the Netherlands and Europe . APG serves 8 pension funds and provides the pension for one in five families in the Netherlands (over 4.5 million participants). Invests in all major asset classes with c. 2% of AuM being invested in APG Infrastructure Funds. Has been an active infrastructure investor since 2004, investing approximately €12.0 billion to date and managing over 30 direct stakes in portfolio companies within the energy & utilities, telecommunications and transport infrastructure sectors. In 2019, a consortium comprising APG, QIC and Swiss Life acquired a 36% stake in Brussels Airport. APG & QIC hold 16.8% each, while Swiss Life holds 2.4%.|
|6. ADP GROUPE||Groupe ADP, formerly Aéroports de Paris or ADP, is an international airport operator based in Paris. Groupe ADP owns and manages Parisian international airports Charles de Gaulle Airport, Orly Airport and Le Bourget Airport, all gathered under the brand Paris Aéroport since 2016|
|7. VINCI AIRPORTS||Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d’Enterprises. Its head office is in Rueil-Malmaison, in the western suburbs of Paris. Vinci is listed on Euronext’s Paris stock exchange and is a member of the Euro Stoxx 50 index.|
|8. Consortium of MEIF 6 ATTIC INVESTMENT, RAFFLES INFRA HOLDING and CHENGDONG INVESTMENT CORPORATION||Macquarie is a global financial services group operating in 30 markets providing asset management, leasing and asset financing, retail banking and wealth management, market access, commodity trading, investment banking etc. Macquarie has invested in the airports of AGS, Brussels, Sydney and has exited its inestments in the Copenhagen airport.
Macquarie European Infrastructure Fund (MEIF) is a €1.5 billion wholesale investment fund that was established in 2004 to invest in infrastructure and related businesses located in European OECD countries.
|9. AVIALLIANCE GMBh||AviAlliance is an airport management company headquartered in Düsseldorf, Germany. The company was founded in 1997 as Hochtief AirPort, a subsidiary of the international construction service provider Hochtief. AviAlliance currently controlls 40% of AIA, while it owns a 55% stake in Budapest Airport, 30% in Dusseldorf Airport, 49% in Hamburg Airport and 40% in San Juan Airport.|
|10. Consortium of ARDIAN INFRASTRUCTURE FUND S.C.A. SICAR and ARDIAN INFRASTRUCTURE FUND V B S.C.S. SICAV – RAIF||Ardian (formerly AXA Private Equity) is a France-based, independent private equity investment company, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds.|