26 November 2020  |  Madrid

DIF Capital Partners signed agreement to acquire 33.3% interest in Toledo Hospital PPP project

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.

13 November 2020  |  Schiphol

DIF Capital Partners bolsters team with senior hires

Continuing to build on the firm’s strong current momentum, DIF Capital Partners (“DIF”) is pleased to announce the hiring of three senior investment professionals to bolster its investment team.

Most recently, DIF hired Caine Bouwmeester as Managing Director in London, further strengthening the global activities in renewable energy. He brings more than 13 years of renewable energy experience and has a track record of developing, acquiring and financing more than 2GW of wind and solar projects globally, enabling over €3 billion of investment.

Prior to DIF, Caine was most recently a senior vice president at Macquarie’s Green Investment Group (GIG) in London where he was responsible for the origination, structuring and execution of renewable energy investments in Europe. He has a Master’s degree in Finance from INSEAD and Bachelor Business Administration and Financial Mathematics degrees from Wilfrid Laurier University (Canada).

In addition, Marcel Beverungen has been hired as a Senior Director in the investment team in Frankfurt and Pierre Boschin as a Senior Director in the investment team in Paris to further expand and strengthen our local practices.

Marcel is an experienced infrastructure specialist, having worked as a Director in the energy, power and infrastructure team at Rothschild in Germany. Prior to Rothschild, Marcel worked at UBS and Dresdner Kleinwort, in their energy and renewables teams, advising many institutional investors and strategics on M&A, ECM and debt advisory type of transactions in German speaking countries. He has Master’s degrees from the University of Erlangen-Nuremberg (Germany) and the University of Sankt Gallen (Switzerland).

Pierre has a broad experience in the infrastructure and energy markets. Prior to joining DIF, Pierre was Managing Director at French leading M&A boutique Messier Maris & Associés, where he advised numerous transactions for major French utilities, blue chips and prime PE houses in the energy and industrial segments, in France and Southern Europe. Prior to that, he worked as an investment banker for Credit Suisse and Lazard. Pierre has Master’s degrees from the Ecole Polytechnique (France) and Oxford University (UK).

Wim Blaasse, Managing Partner: “We are excited to welcome Caine, Marcel and Pierre to DIF Capital Partners. We are delighted to have recruited three such high calibre professionals to strengthen DIF’s investment team. They will play a key role in the further growth of our platform and transacting attractive deals for our funds.”

About DIF Capital Partners

DIF Capital Partners is a leading global independent infrastructure 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.

Wind turbine in a field