The ip address is immediately rendered anonymous following compilation and again before being saved, i. Bilfinger infrastructure uses the sap erp system snp poland. Pdf the financial commodification of public infrastructure. Arbeitsdirektor real estate bilfinger infrastructure mannheim. The group enhances the efficiency of assets, ensures a high level of. Corinne namblard, ceo, galaxy fund what does the credit crunch mean for infrastructure investment. Americas infrastructure is aging and needs rehabilitation. Prior to his current role with bbgi, he worked at bilfinger project. Transport infrastructure investment as stable backbone market growth output implenia markets indexed 2011 source. Bilfinger shares are traded on the frankfurt stock exchange and on the stuttgart stock exchange. Bilfinger is a leading international industrial services provider. We deliver projects that focus on plant improvement, equipment relocation, and maintenance to improve reliability, production efficiency, and reduce operating cost.
Bilfinger s services are primarily targeted at the chemical and petrochemical industries, energy and utilities, oil and gas, pharmaceuticals and biopharmaceuticals, metallurgy and cement. The company has a diverse portfolio of pfippp assets in the uk, continental europe, canada and australia. Bilfinger digital next uses matomo, data protectionfriendly opensource software for the statistical evaluation of page views. Cghc news gains from the deal amount to about 5 million euros, it said in a statement on. International monetary fund, world economic outlook, global. If bilfingers collected expertise individually packaged there happens to be less maintenance and repair work to be done, we assign our employees to other pro. Amid continuing falls on the australian stock exchange, german infrastructure firm bilfinger berger has postponed the planned ipo of its australian construction business, valemus. The american society of civil engineers graded the nations infrastructure in 2005 and found deteriorating conditions approaching dangerous levels of disrepair, with needs outpacing allocated funds. The main contract was let on a fixed price design and build basis to a consortium of bilfinger berger civil engineering works, siemens electrical and caf tramcars. View the latest share price for bilfinger berger global infrastructure bbgi and read the latest investors news and analysis from moneyweek. Growth investments 90100 100 defensive investments investment strategy the mercer global listed infrastructure fund provides investors with a liquid and diversified exposure to infrastructure securities globally an emerging and growing sector. The benchmark growthdefensive mix of investments for the fund is 100% growth.
Investing in infrastructure funds probitas partners. Uberblick zum nibc european infrastructure fund i c. Probitas infrastructure fund list, which lists funds that are currently in the market or that plan to be in the market by october 2009, reports that t out of the top en 20 infrastructure funds intend to maintain a multiregion portfolio. About bbgi sicav safund bbgi sicav sa is a closedended investment company. Fund total return is the fund gross return less management costs. Bilfinger construction gmbh company profile and news. Tif was established in june 1998 with the support of gardiors founding shareholders and investors.
Index returns do not allow for taxes, management, transaction and operational costs. Bilfinger mars offshore is a specialpurpose joint venture between polish stateowned closedend investment fund mars and bilfinger marine and offshore systems gmbh. Investors, for instance, can focus on private equitystyle fund managers. This trust is at a premium at the moment but we feel more comfortable with it than with regular infrastructure investment.
Infrastructure continues to be an attractive asset class for pension funds, who seek to match the longterm yield profile of infrastructure investments against their own, longterm, liabilities. Bilfinger berger intends to sell up to 19 publicprivate. The portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance, plant expansion as well as turnarounds and also includes environmental technologies and digital applications. Bilfinger to list infrastructure fund in london reuters. The information generated from the cookies about your use of this internet service is. Eqt is a differentiated global investment organization with a 25year history of investing in, owning and developing companies and has a demonstrated trackrecord of attractive, consistent investment performance across multiple geographies, sectors and strategies. Porr group selected projects in poland building construction 29 poleczki business park warsaw, poland modern business park with hotel. This continues to be the case in the current market, with a flight to quality by pension fund investors in a period of fluctuating equity prices. By continuing to browse you are agreeing to our use of cookies. We are a specialist infrastructure fund manager with six funds and a number of managed accounts investing into the infrastructure sectors of the future. As an engineering and services group, bilfinger develops, builds, maintains and operates plants and buildings for infrastructure, real estate, industry and the energy sector. The information generated from the cookies about your use of this internet service is stored on servers belonging to bilfinger. See insights on bilfinger including office locations, competitors, revenue, financials, executives, subsidiaries and more at craft. Bbgi is a closedended investment company incorporated in luxembourg, listed on the main market of the london stock exchange.
The company focuses on infrastructure projects for bridges, tunnels, underground railway. Furthermore, rbs will receive a prefunding commission of 0. Infrastructure is a diverse asset class in and of itself, presenting a range of riskreturn profiles and characteristics. As part of the disposal of its concessions activities based on a decision taken in 20, the engineering and services group bilfinger has successfully sold all of the shares it had held in the infrastructure fund bbgi within the scope of an institutional placement. Infrastructure is a key factor in global economic development. Successfully delivering millions of mechanical and electrical man hours for our customers in the chemical and petrochemical industry.
By kelly deponte, probitas partners infrastructure investing is a relatively new sector within institutional investors portfolios and has been growing dramatically over the last five years. All content is posted anonymously by employees working at bilfinger. Thus, this asset class is becoming increasingly essential in institutional investors portfolios. Net proceeds of about 240 million, effective in first quarter 2012. Following the carveout, apleona has since disposed several noncore subsidiaries, including the turnkey construction business in germany and the real estate advisory business gva in the uk. Bilfinger operates worldwide and supplies the six largest world industries, including energy and utilities, oil and gas, chemicals, pharmaceuticals and other. Global it advises and services clients on all it subjects, develops and operates it solutions for the entire corporation. A new corporate design manual trade fairs and exhibitions was.
The fund is to be channelled into infrastructure projects on the african continent with an emphasis on economic growth, social upliftment and energy. For example, kkr infrastructure fund, citigroup infrastructure investors, and santander infrastructure. Bilfingers services are primarily targeted at the chemical and petrochemical industries, energy and utilities, oil and gas, pharmaceuticals and biopharmaceuticals, metallurgy and cement. The firm also offers engineering and services to customers in the process industry. Bbgi investing in global infrastructure share price 160. The specialist knowledge that has been gathered over the course of decades is now being made available to further target industries. Bilfinger venture capital invests in young and technologyoriented businesses which are related to the strategic and operational interests of the bilfinger group. Due to their budgetary constraints, governments have a strong interest in engaging the private sector to finance public infrastructure projects. Though a few of the largest and most sophisticated investors have devoted the necessary resources to develop. The bilfinger berger global infrastructure fund comprises availabilitybased road projects and social infrastructure projects such as schools, hospitals, prisons and public administration buildings in the united kingdom, germany, canada and australia. The companys industrial services include repairs, maintenance, and. Austerity infrastructure mcmaster faculty of social sciences. New africa infrastructure fund launched by sanlam and infrasec. Listing on the london stock exchange on december 21, 2011.
New research reveals the rapid growth and power of offshore secondary market infrastructure funds a. Infrastructure investment trusts invits are mutual fund like institutions that enable investments into the infrastructure sector by pooling small sums of money from multitude of individual investors for directly investing in infrastructure so as to return a portion of the income after deducting expenditures to unit holders of invits, who. Sep 20, 2011 bilfinger berger global infrastructure bbgi, which will be chaired by former whitbread finance director david richardson, plans to use the money raised to invest in a seed portfolio of up to. Bilfinger berger global infrastructure share price bbgi. Euroconstruct december 2014 switzerland rail infrastructure funding fabi 20162025 main roads and conurbation transport fund naf approved by federal council exit from nuclear by 2034 norway. Frankfurt, april 9 reuters german engineering and services group bilfinger berlin. Alternative investment fund managers directive aifmd. Aug 17, 2015 infrastructure, environmental, rail works and power industry as additional construction offers porr polska. This is a tremendous success in a difficult capital market environment, said a pleased roland koch, chairman of the executive board at bilfinger berger. Aug 12, 20 at the time, the fund said it would primarily use the funds raised for the canadian acquisitions, but revealed it was in discussions with german infrastructure firm bilfinger about the potential acquisition of a further pipeline of assets worth upwards of.
Bilfinger applies our multidisciplinary approach to our main markets. Impact of transport infrastructure investment on regional. Infrastructure final ch, uk, lux, italy, scandinavia 2. Largescale project and plant starting from mid2015, bilfinger mars offshores new facility will be manufacturing jackets, monopiles. Bilfinger company profile office locations, competitors. Bilfinger has 35,644 employees across 19 locations and 4. Publication of the prospectus for the fund is planned for october with a listing to follow in november 2011. In defining the transport infrastructure projects to be assessed, the long life span of the projects gives rise to the question of the appropriate timeframe over which to estimate benefits and costs. Global infrastructure fund and dealt with proposed resolutions to the. Bilfinger infrastructure, one of the leading construction companies on the polish market, has started using the sap erp system since the beginning of the year 20.
With the expiry of the subscription period on december, 2011, shares in the bilfinger berger global infrastructure fund were fully placed, the offering was oversubscribed. Bilfinger industrial services gmbh bilfinger industrial. The infrastructure fund tif is a wholesale investment fund that invests in a diversified portfolio of unlisted infrastructure assets in australia and overseas. For most institutional investors, infrastructure investing remains in a state of flux as it shifts from being a niche sector to become a fullblown, independent asset class. Bilfinger berger global infrastructure fund successfully. Eqt is a differentiated global investment organization with a 25year history of investing in, and developing and owning, companies and has a demonstrated trackrecord of attractive, consistent investment performance across multiple geographies, sectors and strategies. Bilfinger sells its shares in infrastructure fund bbgi. Infrastructure fund jlif is at a significant premium to nav, reflecting positive market. Bilfinger berger ingenieurbau gmbh operates as a construction company. Bilfinger uses matomo, data protectionfriendly opensource software for the statistical evaluation of page views. Matomo uses cookies to make the evaluation possible. London, dec 7 reuters construction services group bilfinger berger plans to list an infrastructure fund in london later this month, raising 212. Bilfinger berger created bilfinger berger global infrastructure in 2011 to own p3 projects that had entered the operation and maintenance phase. Prior to that he worked for many years in the maintenance business at bilfinger, most recently as managing director at the companys maintenance branch in germany.
Bbgi is a global infrastructure investor with a prudent, lowrisk. D prior to 22 september 2014, the funds benchmark was the vanguard global infrastructure index with net dividends. They also have the highest asset allocation to infrastructure around the globe today. A comparison between australia and canada australian and canadian pension funds have been pioneers in infrastructure investing since the early 1990s.
View realtime stock prices and stock quotes for a full financial overview. We have focused on a selection of the external factors, which should be at the forefront of any gp or lps mind, both when launching a new fund or when revisiting existing funds before asset disposals. The sydney office will be led by ken wong, managing director and head of eqt. As a result of the sale, the equity committed in the remaining project portfolio from bilfinger. Here, you can learn more about our diverse portfolio of products and services. Bilfinger uk supports operators with the engineering, construction and maintenance of power plants. Bilfinger berger global infrastructure registered in luxembourg, hicl infrastructure company limited registered in guernsey, and john laing infrastructure fund limited registered in guernsey. The sale of the projects to the fund is expected to take effect in the first quarter of 2012 and will lead to net proceeds of up to 270 million for bilfinger berger of which a minimum of 55 million will be reinvested in the fund. A type of income trust that exists to finance, construct, own, operate and maintain different infrastructure projects in a given region or operating area.
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