Delivering attractive returns since inception. Combining the right entry window with execution excellence and operational improvements to deliver returns and valuation significantly above underwritten base cases

  • WHITE RIVER

    White River Renewables

    Two Round I Solar PV plants in Mexico.
    • Investment Year2019
    • DescriptionTwo Solar PV plants totalling 155MW of operating solar capacity. Las Viborillas, (130MWp) in Jalisco and San Ignacio (25MWp) in the Yucatán Peninsula.
    • Investment TypeOperating / Majority
    • LocationMexico
    • SectorRenewables
    • Co-InvestorsRiverstone
    • Deal SizeUndisclosed
    • Current StatusOperational
  • La Isla

    La Isla

    One of the largest Solar PV plants with downside protection and preferential return.
    • Investment Year2019
    • DescriptionOne of the first large scale (183MW) grid-parity Solar PV plant in Europe with downside protection and preferential return
    • Investment TypeUnder Construction / Joint Venture
    • LocationSpain
    • SectorRenewables
    • Co-InvestorsArdian
    • Deal Size€126m (FV)
    • Current StatusOperational
  • Nortegas

    Nortegas

    The 2nd largest natural gas and LPG distribution company in Spain, with over 8,000 km of gas pipeline and over 1 million natural gas and LPG connection points. Nortegas is present in the Basque Country, Asturias and Cantabria. WSC and the consortium of investors purchased 100% of Nortegas from Portuguese utility EDP in July 2017 for a total FV of €2.5bn. Upon acquisition, Nortegas issued investment grade bonds totalling €1.3bn, which became the largest inaugural bond issuance in Spain by a non-blue chip company.
    • Investment Year2017
    • Description2nd largest regulated natural gas distribution company in Spain
    • Investment TypeBrownfield / Majority Investment
    • LocationSpain
    • SectorNatural Gas Distribution
    • Co-InvestorsInstitutional Investors advised by J.P. Morgan Asset Management, ADIC, Swiss Life Asset Managers, Other Swiss Institutional Investors
    • Deal Size€2.5bn (FV)
    • Current StatusOperational
    Company website
  • I-77

    I77 Express

    A 50-year PPP project of managed lanes in Charlotte (North Carolina) comprising a 26-mile stretch alongside Interstate 77. The project uses dynamic tolling to manage traffic flow and decrease congestion to regulate real-time toll segment prices 24 hours a day, in order to ensure a minimum speed of 45 mph. WSC and the consortium of investors own a 30% stake in the project. The total project cost is US$650m and the opening is expected during 1Q19. Cintra Infraestructuras, one of the largest transportation infrastructure operators in the world owns a 50% stake in the project.
    • Investment Year2015
    • Description26-mile urban managed lane in Charlotte
    • Investment TypeUnder Construction / Minority
    • LocationUSA
    • SectorToll Roads
    • Co-InvestorsCintra, John Laing, Aberdeen and Other Institutional Investors
    • Deal Size$700m (FV)
    • Current StatusOperational
    Company website