Riverrock – Acquisition of police station PPP deal in Spain
RiverRock European Capital Partners’ brownfield infrastructure fund has completed the acquisition of an 80% stake in three Spanish police station PPPs from ACS subsidiary Iridium. The projects comprise shareholdings in Remodelación Ribera Norte, Cesionaria del Vallés Occidental and Manteniment I Conservació del Vallés in Catalonia. The three SPVs comprise 11 police stations and have 14 years availability payments remaining. Iridium will maintain a 20% stake. The transaction has an enterprise value of EUR 57m.