CONCESSIONS & INVESTMENTS

On the acquisition trail

18 years ago

Many investors have shown true interest in private ports or privateterminals. There are various port deals conducted in the last fewyears, some examples are presented below:

In 2005 – Babcock and Brown (Australia), a private equity firm, buys PD Ports (UK).

In 2005/6 – Peel Holdings (UK) buys MDHC (UK) (now 49% owned by Deutsche bank).

In 2006 – Goldman Sachs takes 20% stake in ABP (Associate British Ports).

In 2006 – Admiral Acquisitions, a private equity firm buys ABP (UK).

In 2006 – Ontario Teachers’ Pension Plan Board buys Orient Overseas Container Line (Hong Kong) entire terminal operations (excluding Long Beach and Kaohsiung).

2006/2007 – Macquarie Bank buys 40% stake in Hanjin (South Korea) terminals.

2008 – Babcock & Brown shows an interest in Forth Ports (UK) (currently B&B have +20% of the shares).

2008 – acquisition of a majority share in Buenos Aires container terminal operator Exolgan by UK-based International Port Holdings (backed by Global Infrastructure Partners, in partnership with PSA International).

2007/8 – Carrix Inc (whose subsidiary SSA Marine is the largest US-owned port terminal operator) concludes a sale of 49% to Goldman Sachs Infrastructure Partners.

2007/2008 – Marine Terminals Corp (MTC) by AIG Global Investment Group.

2008 – Maher, a family-owned business, decides to seek a buyer for the company and settles on US-based RREEF Alternative Investments (infrastructure fund of Deutsche Bank).