Two Steer transaction projects win at the Project Finance International 2020 Awards

We are delighted to announce that two of our projects have won awards at the Project Finance International 2020 Awards: the A465 project (‘Europe PPP Deal of the Year’ award) and the Brisa acquisition (‘Europe M&A Deal of the Year’ award).

Project Finance International (PFI) is a market-leading publication which is relied upon by project finance professionals globally. Being awarded ‘Europe PPP Deal of the Year’ and ‘Europe M&A Deal of the Year’ is a great acknowledgement by the industry of our work during the past 12 months.

Find out more about each winning project and how we helped our clients:

Awarded Europe PPP Deal of the Year: A465 section 5 and 6 DBFM project, Wales

Wales’ A465 section 5 and 6 DBFM project reached financial close in November 2020. This project is the final phase in the 40km upgrade of the A465 in the Heads of the Valleys dualling scheme, which is aimed at supporting economic regeneration, improving traffic flow and enhancing road safety.

Steer provided Lenders’ Technical Advisory services to support international lenders to Financial Close, and we are providing LTA Construction Monitoring services and LTA O&M Monitoring Services during the 30-year operational period.

Find out more about this project and our role.

Awarded Europe M&A Deal of the Year: Brisa acquisition, Portugal

Brisa is a leading European toll road operator with a network of 21 motorways in Portugal. On 13 October 2020, our client, APG Asset Management, the National Pension Service of the Republic of Korea and Swiss Life Asset Managers, reached Financial Close on the acquisition of an 81.1% majority interest in Brisa for an equity value of over EUR 3bn. The transaction is one of the largest in southern Europe in recent years, attracting a large number of investors submitting their final bids.

Steer provided combined traffic and technical due diligence services to the Client, in proactive collaboration with the financial advisor Deutsche Bank.

Find out more about this project and our role.

PFI award certificates

 

Off

Get our latest news and opinions

We are Steer

Yes, you are in the right place. After 40 years, we have changed our name from Steer Davies Gleave to mark our growing international footprint and our expanding portfolio into markets beyond transportation.

Explore our new website to learn more about Steer: who we are, how we work and what our future holds.