Fund managers Ardian, CMB Prime and LarrainVial have closed the acquisition of two urban toll roads from a Brookfield fund, according to a 7 February stock exchange filing.
The deal sees the investors’ equally-owned SPV Apoquindo acquire a 33% stake in Brookfield Americas Infrastructure Holdings Chile I (BAIH Chile), the holding company for the Vespucio Norte Express and the San Cristóbal tunnel concessions, from the Brookfield Americas Infrastructure Fund.
Asset Chile acted as financial advisor and Baraona Fischer & Cia as legal counsel to Ardian and CMB. JP Morgan, Scotiabank and Carey y Cía represented the sellers Brookfield.
Following the transaction, Brookfield Americas owns 34%, Infraestructura Alpha owns 33% and Apoquindo owns 33% of BAIH Chile.