DIF Infrastructure V acquires 100% of Hospital de Vallecas S.A.door Barend Bloemarts op 20 jul 2018, 15:48
Madrid, 20 July 2018 – DIF Infrastructure V is pleased to announce the acquisition from Pralesa Concesiones and other minority shareholders of a 100% stake in Hospital de Vallecas.
The Hospital de Vallecas project consists of the construction, maintenance and operation of the non-medical services of the Infanta Leonor Hospital under an availability based DBFM scheme granted by the Community of Madrid. The hospital started operations in 2007, with the concession having a remaining life of ca. 17 years, ending in 2035.
Infanta Leonor Hospital is one of the primary hospitals in the Madrid region, with a surface area of ca. 85,000 sqm and over 200 beds, providing services to a population of over 300,000 patients.
DIF was advised by Herbert Smith Freehills (Legal), PwC (Financial), Jacobs (Technical) and Garrigues (Tax).
Fernando Moreno, Partner and Head of Spain, said: “DIF is pleased to invest in Hospital de Vallecas, a well-managed high-quality asset, and to expand its footprint in the hospital sector in Spain after acquiring a majority stake in Hospital de Majadahonda in 2015”
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 Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
- DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.
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.
For more information please contact:
Director, Investor Relations and Business Development
Partner, Head of Spain