AZ Capital acted as exclusive financial advisor to Ardian

Sole advisor to Ardian on the acquisition of a 49.99% stake in Túnels de Barcelona i Cadí in a two-phase transaction structured as 65.00% acquisition from BTG Pactual and 15.01% sale to Abertis.

Túnels de Barcelona i Cadí is the concessionaire managing until 2039 the 41 km toll-road network, composed of Cadí and Vallvidera tunnels. The Cadí Tunnel is the main connection point between central Catalonia and the Pyrenees while the Vallvidrera Tunnels are the principal link between Barcelona and the main cities of the region’s interior.

AZ Capital

Advised in the sale of

Tunels de Barcelona i Cadi, Concessionaria de la Generalitat de Catalunya, SA (65% Stake)

to

AXA Infrastructure Fund III

Infrastructure and Real-Estate

MidCap Alliance