MACQUARIE-MANAGED ASSETS IN THE UK
The following companies are managed by members
of the Macquarie Group on behalf of investors, with various direct
% stakes held.
AirwaveAcquired April 2007 by Macquarie
Communications Infrastructure Group and Macquarie European Infrastructure
Fund II for £1.9 billion.
ArqivaDecember 2004 a consortium led
by Macquarie Communications Infrastructure Group announced it
will acquire 100% of National Transcommunications Limited and
NTL Digital Limited (together ntl:Broadcast) for £1.27 billion.
The business has since been renamed Arqiva.
Birmingham Airport24.1% of Birmingham
Airport acquired by Macquarie Airports Group in December 2001
Bristol Airport50% of Bristol Airport
acquired by Macquarie Bank in January 2001, and subsequently transferred
to Macquarie Airports Group on its establishment in September
2001. In November 2006 Macquarie European Infrastructure Fund
exercises option to acquire the other 50% of Bristol Airport.
CLP EnvirogasFebruary 2007, Macquarie
European Infrastructure Fund acquired 100% of CLP Envirogas.
East London Bus GroupJune 2006 Macquarie
Bank agreed to acquire 100% of Stagecoach London, the London bus
transport business of Stagecoach Group plc for a total consideration
of £263.6 million. The renamed East London Bus Group is now
managed by Macquarie on behalf of investment partners.
Energy Power ResourcesMarch 2005, Macquarie
European Infrastructure Fund acquired 100% of Energy Power Resources
Isle of Man Steam Packet CompanyOctober
2005 the Isle of Man Steam Packet Company acquired by Macquarie
Bank Limited. Steam Packet is now managed by Macquarie on behalf
of investment partners.
M1-A1 LinkOctober 1999 Macquarie Infrastructure
Group purchased Kvaerner Corporate Development Limited and Kvaerner
Investments Limited, including the M1-A1 Link (known as Yorkshire
Link). December 2004 the M1-A1 Link acquired by Macquarie Infrastructure
Company, from Macquarie Infrastructure Group.
M6 TollMidland Expressway Limited (MEL)
is a private company with the government concession to design,
build, open and operate the 27 miles of the M6 Toll until 2054.
MEL is 100% owned by Macquarie Infrastructure Group.
BackgroundOctober 1999 Macquarie Infrastructure
Group (MIG) purchased Kvaerner Corporate Development Limited and
Kvaerner Investments Limited, which included 50% of Midlands Expressway
Limited which held the concession to build the M6 Toll (then known
as the Birmingham Northern Relief Road). Having progressed the
scheme through the public inquiry and planning processes, including
the preparation of an environmental impact statement, MEL arranged
finance and tendering and negotiated the construction contract
for the project. Financial close was reached in September 2000
and the M6 Toll opened on 9 December 2003, having been completed
within budget and ahead of schedule.
MotoApril 2006 a consortium of investors
led by Macquarie Bank acquired Moto, the UK motorway services
business that formed part of Select Service Partner (SSP) from
Compass Group plc. Moto is now managed by Macquarie on behalf
of investment partners.
National Grid Wireless -April 2007, Arqiva acquired
100% of National Grid Wireless for £2.5 billion.
NCPNational Car Park's off-street, airport
and railway car parking businesses acquired March 2007 by Macquarie
European Infrastructure Fund II for £790 million.
Red Bee MediaJune 2005 a consortium led
by Macquarie Capital Alliance Group agreed to acquire 100% of
BBC Broadcast Limited for £166 million. The company has since
been renamed Red Bee Media.
Thames WaterOctober 2006 a consortium
led by Macquarie's European Infrastructure Funds agreed to acquire
Thames Water at an enterprise value of £8 billion.
Wales & West UtilitiesAugust 2004
a consortium of investors led by the Macquarie European Infrastructure
Fund agreed to acquire the Wales & the West Gas Distribution
Network from National Grid Transco. The business has since been
renamed Wales & West Utilities.
WightlinkJune 2005 the Macquarie European
Infrastructure Fund agreed to acquire 100% of Wightlink Shipping