Dorda, working with lead counsel Allen & Overy, has advised DIF Capital Partners on the sale of its stake in a PPP portfolio including two hospitals in Vienna to Equitix. CMS advised Equitix on the deal, which was announced on April 19 and remains subject to several regulatory and other approvals.
DIF Capital Partners is a global independent fund manager with EUR 8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. It invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas, and Australasia.
According to Dorda, DIF sold its stake in a portfolio of a total of six European PPP assets to Equitix. “The portfolio consisted of shareholdings in a number of critical infrastructure projects that DIF invested into as primary transactions: A1/A6 Road, IJmond Sea Lock and N18 Road in the Netherlands, A7 Nord Road and Netz West Rolling Stock in Germany, as well as the radio-oncology centers at two hospitals in Vienna (Krankenhaus Hietzing and Sozialmedizinisches Zentrum Ost).”
Dorda’s team included Partners Tibor Varga, Martin Brodey, and Bernhard Muller, Senior Associate Patricia Backhausen, and Associates Clemens Semelmayer and Anneliese Keinrath.
The A&O team included Netherlands-based Partner Zeeger de Jongh, UK-based Partner Sara Pickersgill, Germany-based Partner Wolfgang Melzer, UK-based Senior Associate Hugh Hobhouse, Netherlands-based Associates Cees van Ginneken and Mesut Korkmaz, and UK-based Associate Olivia Hardy.
CMS's team was led by London Partner Bill Carr and included CMS Austria Partners Peter Huber, Bernt Elsner, and Marcell Clark, Attorneys at Law Mario Maier and Simon Cook, and Associate Ruth Bittner, as well as lawyers from CMS's offices in the Netherlands, Germany, and the UK.