Hogan Lovells has advised RiverRock European Capital Partners LLP (“RiverRock”) on its acquisition of a minority stake in Pinhal Interior sub-concession, a Portuguese availability and inflation protected PPP road. Ascendi Portugal, which is the main shareholder of the sub-concession, will continue to provide the management services of the road.
RiverRock has invested through RiverRock Brownfield Infrastructure Fund 1 (“RBIF1”), launched in 2018, which specialises in the investment and management of equity participations in operational infrastructure projects located in the Euro area. The RBIF1 owns and manages close to 30 infrastructure projects in five European countries, primarily in the social and transport sectors.
Hogan Lovells Luxembourg previously advised RBIF1 on the acquisitions of in France; a stake in from Concessia, and a large minority stake in in Spain. Hogan Lovells Luxembourg also advised on the agreement for the sale of 80% of Iridium’s shareholdings in 11 in Spain, etc.
The Hogan Lovells team was led by Luxembourg Tax partner Gérard Neiens with support from Alexander Koch (partner), Benoit Serraf (counsel), Kelly Quesada Vega (associate) (all corporate), and Jean-Philippe Monmousseau (tax counsel).