United Kingdom

Details

  • Industry: Infrastructure, Building and Construction, Transport
  • Type: Press release
  • Date: 14/11/2013

2013 set to be record year for transport infrastructure deals, says KPMG 

 

Deal values for global transactions of transport infrastructure assets including airports, ports and road operations have risen steeply since the beginning of the year with 2013 poised to be a record year for transport infrastructure deals, according to an analysis by global advisory firm KPMG. *

 

The first half of 2013 saw global deals of infrastructure assets worth USD 16.6bn, by the end of the third quarter this figure had risen to USD 23.5bn, which already exceeds total annual deal values for every year since 2008, the KPMG research shows.**  

 

 

 

 

The majority of assets being acquired in 2013 have been either in Europe or Asia. This year alone the UK has seen major deals such as the acquisition of Stansted Airport by Manchester Airport Group for £1.5 billion (USD 2.4bn) and the sale of a 9pc stake in Heathrow airport by Spain’s Ferrovial to Universities Superannuation Scheme, one of the UK’s largest pension funds, for £395 million (USD 636 million).

 

Steffen Wagner, KPMG’s European Head of Transport M&A comments: “There are three main drivers behind this trend:  Public budget restraints across debt ridden countries especially in Europe have forced national governments to privatise national infrastructure and look for private operators and investors in order to secure the operation of strategic transport infrastructure and hub networks.

 

“Secondly, private investors like pension funds are constantly looking for investment opportunities with steady cash flows and growth prospects and transport infrastructure targets including ports and airports can offer these opportunities. Thirdly, strategic investors are increasingly investing in infrastructure assets, especially in emerging markets where growth forecasts are significantly above the mature markets in Western Europe and North America”.

 

With transaction multiples high, public budgets low and growth prospects steady, M&A in transport infrastructure is expected to remain high on the sector’s agenda

 

 

-ENDS-

 

Media enquiries

 

Katrin Boettger, Senior PR Manager, KPMG : 020 7896 4232 / 07824 475 168

 

KPMG Press Office :                                                 020 7694 8773


Notes to Editors:

 

*M&A trends in transport infrastructure, KPMG Transport Perspectives, September 2013

** For comparison, global annual transaction values in transport infrastructure, Data source: Thomson Financial Database. 2013.

 

 

 

Deal Value (USD bn)

YoY in %

2008

11.8

 

2009

6.6

-44%

2010

7.0

7%

2011

14.0

100%

2012

9.6

-32%

1H 2013*

16.6

74%

YTD 2013 *

23.5

146%

 

 

 

*compared to total annual deal values in 2012

 

 

 

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

 

Share this

Share this