Dexia announces the first closing of South Europe Infrastructure Equity
Finance (the SEIEF Fund), a private equity fund targeting medium size
investments predominantly in France, Italy, Spain and Portugal.
The SEIEF Fund, sponsored by Dexia and the European Investment Bank
('EIB'), will be managed by European Public Infrastructure Managers
('EPIM'), an independent management company, and will seek to exploit
investment opportunities in public-private partnership (PPP) schemes
arising from favourable new regulations in the context of tight public
budget constraints in the target countries.
For its first closing, the SEIEF Fund has raised an overall amount of
¿80 million from its two sponsors Dexia and EIB (the largest
investors), as well as two other European financial institutions, Banco
Sabadell, acting as the Fund's sponsor for Spain, and Banca Popolare di
Verona e Novara in Italy. Dexia will continue to provide its assistance
for the marketing of the Fund to new investors with the objective of
raising up to Euro 150 million within twelve months.
exia is a leading player in infrastructure finance. For the year
2005, Dealogic ranked Dexia #1 in the world in the Mandated Arranger of
Global PFI/PPP Project Finance Loans league tables.
EPIM is led by François Jobard, Director of Investments, who has 15
years of experience in infrastructure acquired while he worked for
industrial and services companies. EPIM is headquartered in Luxembourg
and has offices in Paris, Rome and Madrid staffed with local
Key sectors pursued by the Fund are public accommodation (hospitals,
schools, government buildings, etc.) urban development (mass transport
systems, car parks, etc.), inter-city transportation, and environment
(water, waste treatment, etc.). The SEIEF Fund may invest in new
projects, and may also take equity interests in existing infrastructure