Hogan Lovells advises RiverRock on its investment in Pinhal Interior sub-concession

Press releases | 14 October 2022

Luxembourg, 14 October 2022 - Hogan Lovells has advised RiverRock European Capital Partners LLP (“RiverRock”) on its acquisition of a minority stake in Pinhal Interior sub-concession, a Portuguese availability and inflation protected PPP road. Ascendi Portugal, which is the main shareholder of the sub-concession, will continue to provide the management services of the road.

RiverRock has invested through RiverRock Brownfield Infrastructure Fund 1 (“RBIF1”), launched in 2018, which specialises in the investment and management of equity participations in operational infrastructure projects located in the Euro area. The RBIF1 owns and manages close to 30 infrastructure projects in five European countries, primarily in the social and transport sectors.

Hogan Lovells Luxembourg previously advised RBIF1 on the acquisitions of Exterimmo in France; a stake in Hospital of Vigo from Concessia, and a large minority stake in Eliance Holding in Spain. Hogan Lovells Luxembourg also advised on the agreement for the sale of 80% of Iridium’s shareholdings in 11 police stations in Spain, etc.

The Hogan Lovells team was led by Luxembourg Tax partner Gérard Neiens with support from Alexander Koch (partner), Benoit Serraf (counsel), Kelly Quesada Vega (associate), and Jean-Philippe Monmousseau (counsel) (all corporate).

Please find more details on the transaction here.