RREEF finds nourishment in Maher

An affiliate of the RREEF fund, a Deutsche Bank entity investing in infrastructure assets, has confirmed that it will be acquiring Maher Terminals – active in New York and gaining a foothold in British Columbia. Prices in this private deal were not disclosed,  but the frenzy created by funds chasing a desirable asset class has driven prices to levels between 15  x and 20 x the levels of annual cash flows.