Toronto, 17 July 2018 – DIF Infrastructure V is pleased to announce the acquisition from Syncora Holdings Ltd. of a 100% stake in American Roads LLC.
American Roads is an infrastructure holding company that owns and operates, through its subsidiaries, four toll bridges in Alabama and a concession-lease of the U.S. side of an international tunnel crossing connecting Detroit, Michigan and Windsor, Ontario.
DIF was advised by Allen & Overy (Legal), Agentis Capital (Financial), Buro Happold (Traffic), BTY (Technical) and Marsh (Insurance). Financing for the investment was provided by ING and National Australia Bank (NAB).
Paul Huebener, Partner and Head of Americas, said: ”DIF is pleased to invest in this high-quality portfolio of tolled crossings led by a strong management team.”
DIF has over 100 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu for further information.
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