Jones Day is representing Macquarie Infrastructure and Real Assets.
Macquarie Infrastructure and Real Assets (“MIRA”), via Macquarie European Infrastructure Fund 2 (“MEIF2”), has reached an agreement to sell its 100 per cent interest in Condor Ferries to the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF).
MIRA bought Condor, which owns four vessels, in September 2008 from RBS for around GBP 260m in a deal worth 10 to 12 times its EBITDA at the time. It owns Condor through its Macquarie European Infrastructure Fund II (MEIF II). First round bids for Condor are due next month.
The Jones Day team includes Vica Irani (Picture) and Ben Larkin.
Law Firms: Jones Day;
Clients: Macquarie Infrastructure and Real Assets ;