GED leads the acquisition of 49% of Eresma Highway from Sacyr
• This is the first investment of GED Infraestructuras Iberia fund, which aims to raise 150 million euros to invest in infrastructure assets related to mobility, social, environmental and energy
• The Eresma Highway is a toll road that is one of the strategic axes of Castilla y León and whose project was awarded in 2006 for a period of 35 years
Madrid, 22 May 2023. GED Infrastructure, a subsidiary of the GED group specialized on infrastructure, energy and environment investment, has led the acquisition of 49% of the Eresma Highway from Sacyr. This transaction is the first investment of the new GED Infraestructuras Iberia fund, which has also involved the participation of the CASER group as co-investor in the transaction.
The Eresma Highway is a toll road located between the cities of Segovia and Valladolid. By connecting these two provincial capitals, it constitutes one of the strategic axes of the Autonomous Community of Castilla y León, as it is an alternative for the connection to Madrid via the Valladolid-Palencia-Santander and Valladolid-León axes. The project, awarded in March 2006 for a period of 35 years, was executed under a public works concession contract for the design, construction, maintenance, and operation of the road during the concession period.
The transaction is pending the pertinent authorizations.
GED Infraestructuras Iberia, which is still in the marketing phase, aims to raise 150 million euros to invest in mobility, social, environmental and energy infrastructure assets, mainly in Spain and Portugal, as well as in the rest of the euro zone. This investment will be followed by other transactions that are in the final stages of due diligence.
Victoriano López-Pinto Fernández de Navarrete, Managing Partner of GED Infrastructure, said: “The acquisition of 49% of Eresma Highway marks an important milestone for GED Infrastructure and reinforces our commitment to the development of strategic infrastructure in the Iberian Peninsula. With this step, we initiate the investment of GED Infraestructuras Iberia, a vehicle through which we will build a diversified portfolio of mobility, environmental and energy assets, generating a positive impact on the communities in which we operate”.
GED is an independent asset manager founded in 1996 that operates in the middle-market segment. It currently manages more than 1 billion euros through various Private Equity, Infrastructure and Venture Capital vehicles.
GED has a universe of more than 300 domestic and foreign investors, including mainly private and retail banks, family offices and companies, funds of funds, insurance companies, pension funds, foundations, and public entities.
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