Funds Invest in HOCHTIEF AirPort Capital

On March 1, 2005, two funds managed by Hasting Funds Management Ltd. (Australia), Caisse de dépôt et placement du Québec (Canada) and KfW IPEX-Bank (Germany) completed an investment in a newly founded partnership, HOCHTIEF AirPort Capital KGaA (HTAC), into which HOCHTIEF AirPort has contributed about a third of its participations in Athens, Düsseldorf and Hamburg airports and 49 per cent of its participation in Sydney Airport. The transaction has a volume of approximately ? 343 million—over C$540 million.

HOCHTIEF Airport was represented in-house by Hartmut Paulsen and Nadine Bussler, and by Freshfields Bruckhaus Deringer with a team led by Dr. Ludwig Leyendecker and Dr. Kai Hasselbach (M&A) that included Dr. Franz Aleth (corporate), Andreas Roehling and Dr. Christian Vollrath (antitrust), and Dr. Alexander Goertz, Johannes Wirtz, Dr. Beatrice Hartmann and Daniel Schmedding (corporate).

Both funds managed by Hastings were represented by an international team of lawyers from Linklaters, led by Dr. Stephan König (M&A), that included Christopher Bremme, Carsten Flasshoff, Ronald Meissner and Dr. Sven Schelo (M&A), Ian Andrews and Matthew Job (projects), Oliver Rosenberg (taxation), Dr. Jan Endler (regulatory) and Daniela Seeliger and Britta Noack (antitrust).

KfW IPEX-Bank was represented by in-house counsel Markus Pohlmann.

Caisse de dépôt et placement du Québec was represented by Robert Côté, director, legal affairs, and McCarthy Tétrault LLP with a team led by Marc Dorion, Q.C., that included Kim Thomassin (business – infrastructure), Claude Desaulniers (taxation) and Yves Comtois (competition). The Caisse was also represented by Taylor Wessing, for German law issues and due diligence, with a team composed of Dr. Rudiger von Hulst, Dr. Achim Glade, Eva-Maria Beutler, Isabel Rauch and Stefan Kimmel (corporate) and Dr. Markus Wirtz (antitrust).