Capella Capital has relocated its most distinguished director to Melbourne to plug a hole left by two senior project advisers who have quit the infrastructure boutique for a rival outfit.
InfraAsia can reveal Stephen McDonough and Ryan Slocombe handed in their notice last Friday (30 September) and have been placed on garden leave.
Malcolm Macintyre will move from Sydney to head up the asset managers’ Melbourne office.
Neither the pair or Capella would comment on where they are moving to, but they are understood to be continuing on as infrastructure advisers.
The Melbourne-based duo had advised on a stream of successful PPP bids including Ravenhall Prison and Bendigo Hospital.
McDonough also headed the Lendlease consortium’s bid for the East West Link – an ambitious AUD 5.3bn (USD 4bn) motorway tunnel contract that the Victorian government famously signed and then tore up in 2014.
Sydney-based founder John Bowyer said it was a mutual decision for Slocombe and McDonough to leave the firm and that he “wished them well in their future endeavours.”
Capella is leading a consortium which was shortlisted for the Melbourne Metro tunnels and stations in August, and received RFP documents a fortnight ago. It is also part of a consortium bidding for Grafton Prison in northern NSW and said to be eyeing hospital projects elsewhere in the state.
Capella is transferring experienced hand Malcolm Macintyre to replace McDonough as head of the Melbourne office. The director will also shepherd the AUD 6bn Melbourne Metro bid, the largest project on the boutique adviser’s books.
Bowyer said that Macintyre, an infrastructure veteran who oversaw the landmark Sydney Light Rail and Darling Harbour Live schemes in New South Wales, was assigned to the Metro project several weeks before the pairs’ departure.
Capella Capital has played an integral role in AUD 10bn of infrastructure projects in Australia in the past five years. Part of the Lendlease group, the firm advises the ASX-listed developer on its infrastructure forays and advises other clients, such as John Holland, in sectors where Lendlease is not active.
Besides bid advisory and deal execution, Capella is an asset manager to the projects it originates and also manages the Lendlease Infrastructure Fund – which has investments in Sunshine Coast University Hospital, New Bendigo Hospital and Darling Harbour Live (pictured).