Brookfield’s Acquisition of Iridium’s Stake in Hospital de Toledo

Clifford Chance has advised Brookfield on the deal.

Brookfield on the acquisition of 80% of Iridium’s equity holdings in the concessionaire and operator of Hospital de Toledo for a total Enterprise Value, as of December 2021, of more than EUR 400 million on a 100% basis. This asset will be added to the existing platform of Spanish infrastructure concessions held by Brookfield’s Super-Core Infrastructure Fund on which Clifford Chance advised, involving significant shareholdings in the concessions of the Majadahonda hospital in Madrid; Line 9 of Barcelona’s subway; and three transport hubs in Madrid: Avenida de America, Plaza de Castilla and Principe Pío. This transaction builds on Clifford Chance’s market-leading sector expertise in infrastructure transactions.

The Clifford Chance team was led by partner Samir Azzouzi (Picture), supported by corporate associates José María Eguía and Andreína Velasquez. Also part of this team were partner José Luis Zamarro, senior associate Eugenio Fernández-Rico and associates Marta Ruiz, Isabel Palacios, Marc Casas and Sonsoles Callejo.

Involved fees earner: Samir Azzouzi – Clifford Chance; Marc Casas – Clifford Chance; José María Eguía – Clifford Chance; Eugenio Fernández-Rico – Clifford Chance; Isabel Palacios – Clifford Chance; Marta Ruíz – Clifford Chance; José Luis Zamarro – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Brookfield;

Author: Giulia Di Palma