Case Study: Ferries

Scandlines

Financing the acquisition of a majority stake in Scandlines Holding ApS, the operator of two short-haul traffic machines transporting passengers and commercial traffic between Germany and Denmark.

The ferry operator serves a strategic connection between Scandinavia and Germany, which in the absence of better land route alternatives represents a “floating highway”. Scandlines has a strong track record of disciplined investment and traffic management through competitive pricing and targeted marketing programmes.

The Fund took the longer-term maturity in a club financing in a conservative financing structure with sufficient equity cushion at holding company level and investment grade operating company debt.

Sunrun Radcliffe Residential Solar

Sunrun is a market leader in U.S. residential solar with a strong track record of deployments and is the largest residential solar developer in the United States.

Scandlines Ferries

Financing the acquisition of a majority stake in Scandlines Holding ApS, the operator of two short-haul traffic machines transporting passengers and commercial traffic between Germany and Denmark.

Project Bannister UK Healthcare Facilities

Bannister is the provider of long-term supported and residential living facilities for adults with learning disabilities, such as intellectual disability, autism, mental health diagnosis and acquired brain injuries with complex behavioural needs.

Welcome Break UK Motorway Service Area

Welcome Break is one of the three main Motorway Service Area (MSA) operators in the UK, with 34 locations situated on the most profitable stretches of the UK motorway network.

Project Neptune French Renewables

Project Neptune represents holding company financing to a portfolio of French wind and solar assets supported by a feed-in-tariff.

AP Wireless International Cell Tower Portfolio

AP Wireless is a worldwide cell site lease investment firm. The company is focused on the acquisition of tower and rooftop cell site ground leases. Having ownership of a ground lease entitles AP Wireless to all long-term contracted telecom revenues on the site from a diversified basket of mobile carriers and tower companies.