Marking the latest development in the Phase II Expansion at Virginia International Gateway, four new STS cranes arrived safely at the terminal in early January 2019. The cranes are the largest in the Americas and able to service the biggest ships calling at the United States today and for the foreseeable future. Please watch the video of this historic project milestone, “Building the Capacity for Greatness.”
Good progress is being made on the $320 million Phase II Expansion which will double Virginia International Gateway’s capacity to more than two million TEUs (Twenty Foot Equivalent Container Units). Four newly-constructed inbound truck gates and the first of two newly-configured rail bundles, served by two semi-automated cantilever rail-mounted gantries, are now operational. In addition, the 800-foot expansion of Virginia International Gateway’s wharf is complete and almost all 13 new container stacks supported by 26 new rail-mounted gantry cranes are in service. The project is proceeding on schedule with completion scheduled for mid-2019.
The Port of Virginia handled record volumes during calendar year 2018, at 2.85 million TEUs. Further enhancing the Port’s ability to effectively serve their ocean carrier customers, full Federal authorization was secured in 2018 for the ‘Wider, Deeper, Safer’ effort, a strategic project to deepen the Norfolk Harbor to 55 feet and widen portions of the commercial navigation channels. Together with the Phase II Expansion at Virginia International Gateway, the Port of Virginia is well positioned to become the deepest and safest port on the U.S. East Coast capable of handling the increasingly large container ships that underpin the next evolution in international trade.
2018-12-17 07:25 GMT+01
As announced today, ABB will divest the majority of its Power Grids division to Hitachi Ltd. As ABB’s largest shareholder, Investor fully supports this transaction.
“As a long-term, engaged owner, we focus on what we believe is best for each individual company, supporting them to become and stay best-in-class. This includes continuously evaluating, and if needed, adapting the corporate structure.
We have supported the ABB board and management’s decision, and execution, on its strategic direction, not the least the transformation of Power Grids. Over the past years, the division’s performance has improved in terms of higher quality, higher margins as well as reduced project risks, creating long-term value. We fully support the board’s decision on the next step. The divestiture of Power Grids to Hitachi is industrially logical, takes place at the appropriate time and allows ABB to focus on its automation and electrification businesses”, comments Johan Forssell, President and CEO of Investor.
In addition, ABB today also announced a new organizational structure.
“We fully support the organizational changes announced today. We are confident that simplification and decentralization, with a high degree of delegation of responsibility and accountability, are necessary steps to further improve ABB’s performance.
Having strengthened our ownership position over the past few years, we will continue to work actively to support ABB in its long-term value creation”, says Johan Forssell.
Investor is ABB’s largest owner, holding 10.7 percent of the capital and votes.
For further information:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability: +46 8 614 2058, +46 70 550 3500
Magnus Dalhammar, Head of Investor Relations: +46 8 614 2130, +46 73 524 2130
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.
Kürten (Germany) / Gadstrup (Denmark), 10 December 2018 – AVS Verkehrssicherung (AVS), a Triton Fund IV company, has acquired Traffics A/S (“Traffics”), a Danish provider of construction site- and traffic security, headquartered in Gadstrup (Denmark). The purchase price has not been disclosed.
Founded in 2006, Traffics offers complete solutions, services and equipment for construction sites- and traffic security. Its customers are road construction companies as well as public works and communities.
“We have a long standing business relationship with Traffics based in trust. Together, AVS and Traffics can offer a wide range of products and services which cater to the highest demands of customers in the Danish market;” comments Dirk Schönauer, Managing Director at AVS.
About AVS Verkehrssicherung
AVS Verkehrssicherung is a leading specialist provider of highway traffic safety services in Germany. The Company, headquartered in Kuerten, offers all essential services throughout highway traffic-safety projects. These services range from initial planning and obtaining permits to complete construction site setup and security. AVS has a nationwide presence with 14 locations across Germany and around 600 employees.
For further information: http://www.avs-verkehrssicherung.de
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton’s portfolio have combined sales of around € 12.9 billion and around 83,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
Press Contacts
AVS Verkehrssicherung
Dirk SchönauerTel.: +49 (0) 214 313834 – 11
dirk.schoenauer@avs-verkehrssicherung.de
Triton
Marcus Brans
Tel.: +49 69 921 02204
Partnership Will Reimagine the Airport Customer Experience in Collaboration with Communities and Public Authorities Across the Continent
New York, NY – Munich Airport International (MAI), a wholly-owned subsidiary of Munich Airport, and CAG Holdings (CAG), The Carlyle Group’s (NASDAQ: CG) global airport investment platform, today announced the formation of Reach Airports LLC – a U.S.-based joint venture to offer training, consulting and management services to the aviation sector in the U.S., Canada, Mexico and other OECD countries. Reach Airports builds on the 25+ year experience of Munich Airport’s international business.
Reach Airports combines the strengths of both parties – the airport investment background of CAG with the operational management expertise of MAI. The formation of Reach Airports builds upon an existing partnership between CAG and MAI for airport development opportunities globally, most notably the redevelopment of Terminal One at New York’s JFK International Airport. The combination of a strong financial investor joining forces with Europe’s best airport to transform the customer experience at JFK represents a milestone in the North American aviation sector.
MAI, the international business arm of Munich Airport, Europe’s only 5-star airport, will continue to expand its global business activities through the creation of Reach Airports. “Together with our partner, CAG, we look forward to providing excellent services to a market that demands significant airport improvements,” states Dr. Ralf Gaffal, Managing Director of Munich Airport International. “We are excited to bring our proven long-term operational and commercial experience developed at airports around the world to North America.”
CAG, which is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund, is led by an experienced U.S.-based management team. With its deep roots in the North American market, CAG acknowledges the importance of working with diverse stakeholders at the local level. “Airports are the economic engines for our regions and cities, and any improvements must reflect the community’s interests while providing new opportunities for growth and career development for local residents,” explains Amit Rikhy, President & CEO of CAG. “We are excited to partner with Munich Airport to reimagine the airport customer experience in close collaboration with local communities and public authorities across the continent.”
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About Munich Airport and Munich Airport International
Incorporated in 1949, Flughafen München GmbH (FMG) has been operating Munich Airport on its current site since its opening on May 17, 1992. It is jointly owned by the Free State of Bavaria (51 percent), the Federal Republic of Germany (26 percent) and the city of Munich (23 percent). The FMG corporate group, with its 16 subsidiaries, employs more than 9,000 people. With a total workforce of about 35,000, employed by about 550 companies, Munich Airport is one of Bavaria’s largest employers. Within just a few years of opening, Munich Airport developed into a major air transportation hub and was firmly established as one of Europe’s 10 busiest airports. Munich Airport now offers connections to more than 250 destinations all over the world. In 2017 Bavaria’s gateway to the world has handled approximately 405,000 flights with 44.6 million passengers. Munich Airport is proud to be the first – and remains the only – airport in Europe with a “5-Star Airport” designation by the London-based Skytrax Institute.
As a wholly-owned subsidiary of Munich Airport’s operating company Flughafen München GmbH, Munich Airport International (MAI) is responsible for all national and international consultancy, management and training services. The 70 experts at MAI provide full airport lifecycle services, including planning/design, project management, operational readiness and airport transfer (ORAT), commercial development, process reengineering, profit and revenue optimization, tailor-made training services and comprehensive airport management. In addition to airports, customers also include airlines, ground handlers and airport investors.
About The Carlyle Group and CAG Holdings
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents. www.carlyle.com
The Carlyle Global Infrastructure Opportunity Fund, L.P. (CGI) is Carlyle’s flagship infrastructure investment fund focused on investments globally. CGI is managed by a team of experienced professionals based in Washington, DC and has been the driving force behind recent landmark announced transactions including the Port of Corpus Christi Texas and, together with CAG Holdings, the redevelopment of New York’s JFK Terminal One.
CAG Holdings (CAG) is The Carlyle Group’s dedicated U.S.-based investment arm for airport infrastructure investment opportunities globally and is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund. CAG is led by an experienced management team with a track record of more than 70+ airport projects globally combined with a deep, localized understanding of the U.S. airport market.
Contacts:
Munich Airport
Ingo Anspach
ingo.anspach@munich-airport.de
+49 89 975 41180
The Carlyle Group
Christa Zipf
christa.zipf@carlyle.com
+1 212 813 4578
Port operations, the forest industry and the energy sector form a close-knit union in Kymenlaakso. In the coming years, the clusters’ investments will rise to even hundreds of millions of euros. The EUR 100 million LNG terminal being built in Hamina is Wärtsilä’s and its partners’ investment in new energy technology.
The ports of Kotka and Hamina merged their operations seven years ago. This strengthened HaminaKotka’s position as Finland’s largest general port, and now 18 per cent of Finnish exports of goods pass through the port.
Nearly 17 million tonnes of goods leave from or arrive in HaminaKotka this year. The forest industry accounts for approximately 40 per cent of this.
After a long time, investments are also increasing. According to Kimmo Naski, CEO of the Port of HaminaKotka, investments started two years ago.
“At the moment, the ongoing projects include the construction of the largest pulp centre in the Nordic countries in Mussalo, Kotka, and the giant module and LNG projects in Hamina. There is also the Nord Stream 2 gas pipeline project under way in Mussalo, with HaminaKotka as its central port,” says Naski.
The total value of all the investments approaches EUR 200 million. Markus Laakkonen, Finnvera’s Regional Director of Southern Finland, speaks about the rise of traditional industry in Kymenlaakso.
“Even ten years ago, the atmosphere was completely different, with paper mills being closed down. The forest industry has undergone a major transformation. UPM is currently planning to build a new biorefinery in Kotka. Upon realisation, it would be a billion-class project,” notes Laakkonen.
A close-knit network of enterprises has emerged around the Port of HaminaKotka, consisting of enterprises operating in the forest industry, the chemical industry and the energy sector as well as small-scale industry and subcontracting chains.
Merely in the port area, there are approximately 170 enterprises, and the cluster employs, directly and indirectly, 7,000 people. When the forest industry is included, the impact on employment multiplies.
“Subcontracting enterprises have many investment projects under way. Now it’s time to replace machinery and equipment. In addition, the number of transfers of ownership is increasing,” says Laakkonen.
Getting the LNG infrastructure in order
During the past few years, LNG, or liquefied natural gas, has adopted a more prominent role especially in ship traffic. The main owners of the LNG terminal being built in Hamina are Hamina Energy Ltd and the Estonian enterprise Alexela. The terminal supplier Wärtsilä is a minority investor.
Tuomas Haapakoski, Director, Financial Services at Wärtsilä, says that one of the background factors for the popularity of LNG is the fact that emission limits are becoming stricter. A global sulphur limit will enter into force in ship traffic in 2020.
“LNG is also linked with electricity generation and consequently with Wärtsilä’s gas power plants as LNG is storable energy. The role of gas power plants is changing as the share of renewable energy, such as solar and wind power, increases in electricity generation. Renewable energy needs to be complemented with flexible load following power that can be taken into use quickly, using cleanly burning natural gas,” comments Haapakoski.
According to Haapakoski, the terminal includes a 30,000-cubic-metre storage tank where liquefied natural gas is received from a ship. From the terminal, LNG is delivered to clients with lorries and ships or re-gasified and delivered via the natural gas network.
The total terminal investment amounts to approximately EUR 100 million. The Hamina terminal is Wärtsilä’s third LNG terminal project in Finland. The other two are in Tornio and Raahe.
“It’s all about building the basic LNG infrastructure in Finland, a project we want to be involved in. The terminals contribute to Wärtsilä’s strategy of making maritime traffic more environmentally friendly as LNG is low-emission ship fuel. We developed multi-fuel ship engines ages ago, but LNG distribution networks are only just developing,” explains Haapakoski.
The Export Credit Guarantee Act amended – investments in Finland
In financing the terminal investment, Wärtsilä and other owners took advantage of the amendment to the Export Credit Guarantee Act four years ago.
Before the legislative amendment, Finnvera could support Finnish enterprises by granting export credit guarantees and export credits for foreign projects. Now the export credit guarantee can also be granted for domestic projects if the investment promotes exports.
“I believe that this is useful for many enterprises. After all, foreign competitors offer export financing solutions also for projects to be carried out in Finland. It would have been a bad situation indeed if the selection of a domestic supplier had ruled out the opportunity of using export financing for investments in Finland,” notes Haapakoski.
Finnvera’s financial instrument for foreign investments goes by the name of the Buyer Credit Guarantee. It is a security that is granted for a credit received by the buyer and that protects the creditor, usually the bank, from risks related to repayment. Arranging the financing for the buyer helps the Finnish export company to secure the deal.
A similar guarantee arrangement for domestic investments is known as a Finance Guarantee.
“The Hamina terminal is an investment that promotes exports, in particular as LNG becomes more common as ship fuel. HaminaKotka is one of the largest ports in Finland, and it has many export companies as its clients,” says Riitta Leppäniemi, Finnvera’s Finance Manager.
According to Leppäniemi, there have been few financing projects of this kind in the last four years. The best-known of these is the bioproduct mill built in Äänekoski that was a billion-class investment.
Caption: This LNG tanker represents modern maritime traffic. The Hamina terminal is Wärtsilä’s third LNG terminal project in Finland. The other two are in Tornio and Raahe. “It’s all about building the basic LNG infrastructure in Finland, a project we want to be involved in” says Wärtsilä’s Director of Financial Services Tuomas Haapakoski.
Marks KKR’s Third U.S. Industrials Middle-Market Deal This Year
COMMERCE CITY, Colo. & NEW YORK–(BUSINESS WIRE)–Nov. 19, 2018– Global investment firm KKR has entered into an agreement to acquire GeoStabilization International® (“GSI” or the “Company”), a leading provider of geotechnical maintenance services for critical infrastructure across the United States and Canada, from CAI Capital Partners (“CAI”). This transaction marks KKR’s third acquisition of a middle-market business in the industrials sector this year. The transaction, the financial details of which were not disclosed, is being funded through KKR’s Americas XII Fund.
GSI is a leading provider of landslide repair and rockfall mitigation services in the United States and Canada, developing and implementing innovative solutions that remediate geohazards in order to restore the safe operability of impacted infrastructure. The Company has established a strong reputation for its ability to serve as a partner of choice due to its national scale, as well as its integrated design, engineering, and execution capabilities. GSI focuses solely on its core mission of geohazard mitigation, with a passion across all its teammates for developing and installing proprietary solutions that protect people and infrastructure from the dangers of geohazards. Due to GSI’s unique focus, the Company is an innovation leader in its approach of using integrated teams of geologists, geotechnical engineers, and remediation technicians who work hand in hand leveraging proprietary and patented GSI technologies including their Soil Nail Launcher, Biowall System, ScourMicropiles, and SuperNails.
“We are thrilled to work with GSI and its leading management team to build upon the Company’s track record of excellent service in improving the safety of our infrastructure as GSI enters this new chapter,” said Pete Stavros, Member of KKR and Head of KKR’s Industrials investment team. “We have been particularly impressed by GSI’s long track record of strong organic growth, which we attribute to the Company’s innovative technology offerings, focus on customer service and responsiveness, and strong leadership under CEO Colby Barrett and his team. Given the importance of GSI’s many employees to the Company’s success, in partnership with Colby, we plan to implement a broad-based employee ownership and engagement model at GSI, similar to what we have done at our other industrials portfolio companies.”
Colby Barrett, GSI CEO, said, “We are very excited to work with KKR as we enter this new phase of our growth. KKR shares our vision for a strong, employee-focused culture, our relentless focus on safety, and our enthusiasm to invest in innovation to deepen our service capabilities and even better serve our customers across markets. We would also like to thank CAI for the support they have provided, which has helped us to build this current foundation upon which we will continue growing.”
Over the past seven years, KKR’s Industrials team has focused on employee engagement as a key driver in building stronger businesses. The cornerstone of the strategy has been to allow all employees to take part in the benefits of ownership by granting them the opportunity to participate in the equity return directly alongside KKR. KKR also supports employee engagement by investing in training across multiple functional areas, driving improvements in worker safety and by partnering with the workforce to give back in the community.
This transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by year-end 2018. Fully committed financing has been led by lead arrangers UBS Securities LLC and KKR Capital Markets. KKR was advised in the transaction by Kirkland & Ellis LLP. GSI and CAI were advised by William Blair and Perkins Coie LLP.
About GeoStabilization International®
Founded in 2002, GSI is a leading provider of complex geotechnical maintenance services for critical infrastructure across the U.S. and Canada. The company develops and implements innovative solutions that protect from dangers associated with geohazards that have either caused, or have the potential to cause, catastrophic infrastructure failures and significant economic disruption. For more information, please visit www.geostabilization.com.
About KKR
KKR is a leading 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 aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
For more information about KKR’s Industrials team and the employee engagement model please visit the KKR Industrials page on LinkedIn, @KKR_Industrials on Twitter and KKR Industrials on YouTube.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information about CAI, please visit www.caifunds.com.
Source: KKR
Media
KKR
Kristi Huller or Samantha Norquist, 212-750-8300
media@kkr.com
The stretch from Venjar to Eidsvoll North is nine kilometers and comprises about four kilometers of new track parallel to existing track, and five kilometers of new double track. NJD will be responsible for the works related to track, contact lead, electro, signal and power supply.
Acting CEO, Jan Erik Aas comments: “The contract Venjar – Eidsvoll North will give NJD an all-time-high order back log, reason for continued optimism and a good foundation for achieving our ambitious growth targets.”
New York, NY – The Terminal One Team, comprising Terminal One Group Association (TOGA) and its world-class team of operating and financial partners, today welcomed the Port Authority of New York and New Jersey’s decision to move forward with the redevelopment and expansion of John F. Kennedy (JFK) Airport’s Terminal One in accordance with Governor Cuomo’s Vision Plan for JFK. Terminal One Group Association comprises Air France, Lufthansa, Korean Air and Japan Airlines – all of which partnered in 1994 for the original development of Terminal One at JFK. TOGA is joined by a world-class team of operating and financial partners to help deliver one of the largest public-private partnership projects in America. The TOGA team is an innovative coalition of airlines, labor, minority- and women-owned businesses and strong financial partners that includes: The Carlyle Group, together with its dedicated airport platform, CAG Holdings, JLC Infrastructure, Ullico and Munich Airport International.
“The TOGA airlines are committed to providing world-class levels of service to the people of New York State and New York City. The TOGA partner airlines have been serving JFK for more than 60 years,” said Arthur Molins, Managing Director for TOGA. “We have demonstrated our commitment to the New York market for decades, are confident in its growth potential and look forward to our sustained presence here well into the future.”
“Governor Cuomo has thrashed all the myths about minority participation in major infrastructure projects by insisting on a 30 percent standard throughout the project,” said Earvin “Magic” Johnson, co-founder of JLC Infrastructure. “The old excuses – there are not enough minority contractors, not enough minority financing, not enough minority entrepreneurs – have all been tossed out the window with this project.” JLC Infrastructure is a Port Authority-certified minority owned business and will provide financing for the project.
The new Terminal One will encompass 3 million square feet of terminal space on what is now Terminal One, Terminal 2 and the site of the former Terminal 3 – with 23 new gates (potentially increasing to 27) and additional aircraft parking positions, providing significant additional capacity for millions of passengers.
The Terminal’s architecture will be a unique and iconic gateway, inspired by New York City and all it offers; one such upgrade will be the arrivals corridor, which draws from New York City’s High Line, and will make a grand first impression with clear views of the city’s iconic skyline. The new terminal will bring the current AirTrain inside the facility, improving access and convenience, while offering family-friendly play areas, indoor parks and best-in-class concessions with a strong local Queens flavor.
The facility will offer a seamless, state-of-the-art security experience, cutting down on wait times and providing a more advanced screening process, along with a top-of-the-line baggage claim process to allow passengers to move quickly through the terminal. The new, cutting-edge screening technology will be highly adaptable to combat the ever-evolving threats faced by airports.
The Terminal One Team has also committed to environmental sustainability for its redevelopment of JFK. The redevelopment will reduce energy use in the terminal by 30 percent and switch to 50 percent renewable energy with a target of up to 100 percent renewable energy by 2025. The new terminal will also implement 100 percent composting of organic waste and recycling of inorganic waste.
Construction is expected to begin in early 2020 and finish during the second half of 2025, with the new terminal opening in phases to ensure uninterrupted gate capacity and a seamless transition.
“This project will put thousands of union members to work for a long period of time. With union investment in this deal, this is a partnership model that works for workers, management and investors. The Terminal One Team, in line with the objectives outlined by Governor Cuomo and the Port Authority, went the extra mile to make sure this project is a winner for all parties,” said Edward Smith, President and CEO for Ullico Inc.
The Terminal One Team has also made the JFK community an important element of its plan, including a preference for local businesses, jobs for local residents and quarterly job fairs for New Yorkers, paving paths to permanent employment and community development. In addition, the team is establishing an Airport Academy at JFK to help Queens and regional residents learn the skills needed to work in airport operations, whether at JFK, LaGuardia or anywhere in the world.
“We’re supporting TOGA to deliver a world-class travel experience,” said Peter Taylor, Co-Head of Carlyle’s global infrastructure fund. “TOGA has partnered with Labor and Minority- and Women-Owned Business Enterprises (MWBE), including capacity building and training. TOGA’s MWBE goal is throughout the project, from engineering and architecture, to financial and legal as well as construction.”
“JFK is the world’s gateway to New York and the United States’” added Amit Rikhy, CEO of CAG Holdings. “Working with TOGA, our collaborative, local and world-class team and plan will deliver a redeveloped Terminal One that is part of the unified, interconnected and premier airport New Yorkers deserve.”
See our video here: https://www.carlyle.com/media-room/corporate-videos/ready-fly-%E2%80%93-one-jfk
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About TOGA
TOGA is a New York-based limited partnership of four international airlines: Air France, Japan Airlines, Korean Air and Lufthansa. TOGA was originally formed in 1994 and entered into a long-term Site Lease with the Port Authority of New York & New Jersey to finance, construct, maintain and operate a new passenger terminal facility at JFK, now known as Terminal One. The Terminal is home to the four TOGA Airlines plus 19 other international airlines and is on pace to process approximately 7.7 million passengers to over 38 nonstop international destinations in 2018. With 10 international gates, Terminal One has been operated by TOGA since May 1998 and is one of only two terminals at JFK that can serve the Airbus 380 superjumbo aircraft.
For media inquiries, contact Arthur Molins at arthur.molins@dlh.de or at +1 516 296 9234.
About The Carlyle Group and CAG Holdings
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with approximately $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents. www.carlyle.com
CAG Holdings is The Carlyle Group’s dedicated US-based investment platform for airport infrastructure investment opportunities globally. CAG Holdings is led by an experienced management team with a track record of over 70+ airport projects globally combined with a deep, localized understanding of the US airport market.
For media inquiries, contact Chris Ullman at chris.ullman@carlyle.com or at +1-202-729-5450.
About JLC Infrastructure
JLC Infrastructure is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors in the United States. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises and currently manages investments in the redevelopments of Terminal B at LaGuardia Airport and Jeppesen Terminal at Denver International Airport (the Great Hall Project).
For media inquiries, contact info@jlcinfra.com.
About Ullico
For more than 90 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement, keeping union families safe and secure. From insurance products that protect union members, leaders and employers, to investments in building projects that have created thousands of union jobs, our customers continue to trust us with protecting their families, employees and investments. The Ullico Inc. Family of Companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC (Member FINRA/SIPC).; and Ullico Investment Advisors, Inc.
For media inquiries, contact Cori Houlihan at choulihan@ullico.com or at +1 202 354 8044.
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Schiphol, 24 September 2018 – DIF is pleased to announce that the Tram’Ardent consortium has been announced preferred bidder for the availability based public-private partnership contract, involving the design, financing, construction and maintenance of the first tramway line in Liège, Belgium. The consortium consists of DIF Infrastructure V, together with its partners Colas Projects, Colas Belgium, Colas Rail Belgium and Spanish rolling stock manufacturer Construcciones y Auxiliar de Ferrocarriles (CAF). The authority partner is the Walloon Transport Operator. |
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With a total length of 11.7 km, 90% of which is in a reserved lane section, Liège’s first tramway line will serve 21 stations, connecting the Sclessin multimodal station, in the southwest of Liège, to the city of Herstal, in the northeast, via the high-speed train station and Saint Lambert Square. The consortium is responsible for the design, financing, construction and maintenance of the tramway. The consortium will be in charge of the design and build of the electrified rail network, the creation of a maintenance and storage centre, and the development of 240,000 m² of surrounding urban space. CAF will, in particular, supply the rolling stock as part of the consortium. Closing is expected before the end of the year and construction is to be completed by the second half of 2022. The consortium is advised by Natixis (financial) and DLA piper (legal). |
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About DIF DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:
DIF has over 100 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu or further information on DIF. For further information, please contact: Paul Nash Allard Ruijs |
Nordic Capital has divested its remaining shares in Saferoad Holding ASA (“Saferoad”), a European leading provider of road safety and infrastructure solutions.
“Nordic Capital acquired Saferoad a decade ago; since then the company has gone through a substantial expansion and is now positioned for further growth,” says Olof Faxander, Operating Partner, advisor to the Nordic Capital Funds.
At the time of the acquisition in 2008, Saferoad had 1,300 employees in 10 countries and the company was mainly focused on Scandinavia and Eastern Europe. Since then Saferoad has made several add-on acquisitions and entered new markets. Today, there are 2,800 employees in more than 20 countries across Europe. During Nordic Capital’s ownership period, Saferoad’s revenue has grown from EUR 285 million (2007) to EUR 610 million (2017).
The company was listed on the Oslo Stock Exchange in May 2017 and now the journey will continue under different ownership, as Nordic Capital’s remaining holding was sold to FSN Capital V on September 11, 2018, in connection with a voluntary cash offer to acquire all of the shares in Saferoad.
Saferoad’s business comprises of road signs and technical traffic products, road marking, roadway illumination, road railings and bridge parapets, and rock and tunnel securing. The company plays an important role at various stages throughout new road construction projects and the maintenance or upgrades of existing roads.
“To summarise, Saferoad has transformed into a European market leader in the attractive road safety and infrastructure solutions space. With support from Nordic Capital working closely with the management team, the company has followed a strategy of accretive acquisitions in a fragmented space and a focus on operational improvements. Saferoad has gone far and will now continue its journey further,” says Olof Faxander.
Media contact:
Nordic Capital
Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com
About Saferoad:
Saferoad is a leading supplier of road safety and road infrastructure solutions in Europe. The Group offers a broad range of innovative and high-quality products and solutions to those who own, build and maintain roads. Saferoad is organised in two main business areas, Road Safety and Road Infrastructure and has approximately 2800 employees. The company design, manufacture and deliver products and solutions that improve the road safety and road infrastructure standards and the Group has leading positions in several markets across Europe, combining strong responsiveness to customer needs through an extensive local presence and a cost-effective supply chain. Saferoad Group has its roots in the North Western part of Norway where operations started back in 1947. Today, the Group has expanded its activities to more than 20 countries in Europe. For further information about SafeRoad please visit www.saferoad.com
About Nordic Capital
Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 13 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com
