DIF Capital Partners (“DIF”) is pleased to announce that DIF Infrastructure VI (“DIF VI”) has signed a share purchase agreement with Spanish infrastructure company OHL to acquire 33.3% of the share capital of Nuevo Hospital de Toledo S.A. (“Toledo Hospital” or “the Project”) and an indirect 33.3% stake in the company that operates the Project.
The Project consists of the construction, maintenance, financing and operation of the non-clinical services of the Toledo Hospital. The Project benefits from an availability based payment scheme granted by Castilla-La Mancha Health Service (SESCAM) under a concession that will run until 2045. The construction of Toledo Hospital started in 2016: it was officially inaugurated in November 2020 and is expected to be fully operational during 2021. The Project was built by a joint venture between OHL, Acciona and ACS.
Toledo Hospital is considered to be one of the largest hospital complexes in Europe. It will serve more than 434,000 inhabitants living in 116 municipalities in the province of Toledo. The Project comprises seven buildings with a total floor area of more than 245,000 m2, which are organized around a central street that functions as a public space and connects the various hospital services. It houses 1,142 beds, of which 760 are for hospitalization and 382 for other uses, 368 consultation rooms, 97 examination rooms, 120 outpatient posts, 42 emergency observation posts and 65 treatment posts, and examination bays.
Fernando Moreno, DIF’s head in Spain: “DIF has an excellent and long lasting relationship with OHL. We are very glad that we have been able to further develop our relationship through this high profile transaction. We are honoured to and believe that we are well placed to operate this landmark infrastructure project together with the grantor and our project partners. The Project perfectly fits in our portfolio and should provide a stable and strong yield for our investors”.
Closing of the transaction is expected to take place in the first half of 2021.
About DIF Capital Partners
DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:
- DIF Infrastructure funds target equity investments with long-term contracted or regulated income streams including public-private partnerships (PPP/PFI/P3), concessions, utilities, and (renewable) energy projects.
- DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.
DIF Capital Partners has a team of over 150 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.
Contact: Allard Ruijs, Partner; a.ruijs@dif.eu.
