Hogan Lovells Advises Bilfinger Berger Global Infrastructure on £85M Equity Raising
27 July 2013
LONDON, 23 July 2013 - Hogan Lovells has advised Bilfinger Berger Global Infrastructure SICAV S.A. (BBGI) on its successful placing, open offer and offer for subscription raising £85 million, announced on 12 July 2013.
Hogan Lovells previously advised BBGI on its initial public offering in December 2011, the first ever Luxembourg SICAV to be admitted to the Official List of the UK Listing Authority as a closed-ended fund, and last week announced and closed a further equity raise which was significantly over-subscribed.
BBGI invests in PFI/PPP projects around the world and this latest equity raise will fund the acquisition of further interests in PFI/PPP infrastructure projects from the Bilfinger group.
The Hogan Lovells team advising BBGI was led by London investment funds partner Erik Jamieson, assisted by tax partners Kevin Ashman in London and Michael Dettmeier in Dusseldorf, Infrastructure partner Philip Brown, and investment funds senior associate Amelia Stawpert.
Commenting on the transaction, Erik said:
"We are pleased to have advised BBGI on this equity raise which was a natural progression from their IPO on which we also advised in 2011. Clients consistently cite our ability to put together a team which combines both infrastructure and funds expertise which few firms can match as the reason why we are the go-to firm for this work".