Ferrovial Acquires 5.06% Stake in 407 ETR

Ardian and PIF Acquire 37.62% of FGP Topco (Heathrow) as Ferrovial Sells 19.75% Stake

December 12, 2024

Infrastructure

Ferrovial and certain other shareholders completed the sale of 37.62% of FGP Topco (parent of Heathrow Airport Holdings Ltd) to Ardian and the Public Investment Fund (PIF) for GBP 3,259 million (approximately €4,000 million). Ferrovial sold a 19.75% stake, will retain a 5.25% holding (to be recorded as a financial investment) and expects to recognize an estimated €2,500 million profit related to the transaction.

Fortress Transportation and Infrastructure Investors (FTAI) Acquires Transtar, LLC from United States Steel

June 8, 2021

Transportation

Fortress Transportation and Infrastructure Investors LLC (FTAI) agreed to acquire United States Steel Corporation’s rail operating subsidiary, Transtar, LLC, for $640 million, with the transaction expected to close in Q3 2021 subject to regulatory approvals. FTAI and U.S. Steel will also enter a 15-year exclusive strategic rail services agreement (with minimum volume commitments for the first five years), providing FTAI with long-term contracted revenue and opportunities to grow third-party rail services and ancillary businesses.

AtkinsRéalis Acquires 70% Stake in David Evans Enterprises, Inc.

April 14, 2025

Engineering Services

AtkinsRéalis Group Inc. has completed the acquisition of a 70% stake in David Evans Enterprises, Inc., the parent company of David Evans and Associates, Inc., forming a growth platform for the Western U.S. The deal expands AtkinsRéalis' presence in Western U.S. transportation, water and power & renewables markets while combining global capabilities with David Evans' local engineering and staff-augmentation expertise headquartered in Portland, Oregon.

Atlas Holdings Acquires EVRAZ North America to Form Orion Steel

June 27, 2025

Manufacturing

Atlas Holdings has completed the acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada (together, EVRAZ North America) and has formed Orion Steel to operate the acquired businesses. The transaction creates a well-capitalized North American steel platform with ~3,400 employees, significant steelmaking and finished steel capacity, and operations in the United States and Canada.

Consortium Led by CDP Equity, Blackstone and Macquarie Agrees to Acquire Autostrade per l'Italia

June 12, 2021

Infrastructure

A consortium comprising CDP Equity (51%), Blackstone Infrastructure Partners (24.5%) and funds managed by Macquarie Asset Management (24.5%) has signed a share purchase agreement with Atlantia to acquire 88.06% of Autostrade per l'Italia through a newly created vehicle, Holding Reti Autostradali (HRA). The investors say the transaction will support an extensive investment plan, network upgrades, digitalisation and improved maintenance of ASPI's c.3,000 km toll-road network; closing remains subject to customary conditions and regulatory approvals.

Hg, ADIA and CPP Investments acquire minority stake in IFS at €15 billion valuation

April 9, 2025

Software

Hg has increased its stake in enterprise software provider IFS to become a co-control shareholder alongside EQT, as new minority investors — a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and the Canada Pension Plan Investment Board (CPP Investments) — buy shares from EQT, TA Associates and other minority holders. The transaction values IFS at over EUR 15 billion and supports the company’s continued AI-driven growth after surpassing €1 billion in ARR and more than 7,000 employees globally.