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History
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Amber was established in 2009 after the management buyout of the PPP infrastructure team at Babcock & Brown. Amber as a separate legal entity is relatively young, however the core businesses of the group and the people managing those businesses, have a history of working together extending back to 1998.

Despite the significant macro-economic uncertainty of the past few years, Amber’s business has continued to grow consistently year-on-year. The key milestones are set out in the table below, please click on the relevant year for more details:

  • 2016

    Committed to invest more than £489 million in 18 projects for INPP in 2016 including:

    • Agreement to invest £275m in National Grid’s gas distribution network for a 4.4% stake
    • £26.8 million investment in Westermost Rough offshore transmission project
    • £72.3 million investment to acquire interests in ten Building Schools for Future (“BSF”) projects 
    • Capitalising on unique primary access to the North American P3 market through the Investment Adviser’s joint venture, with a £24.6 million investment in the US military housing sector

    INPP's corporate debt facility was successfully renegotiated from £300m to £400m with substantially reduced margins and a reduction in fees charged.  £200m of equity also raised

    Through its LEEF fund successfully invested over £65 million of public funds to improve energy efficiency in over 76 public and private buildings across 9 London boroughs


  • 2015

    £311.7m of new acquisition and commitments were made during 2015 were
    made on behalf of INPP including:

    • Thames Tideway Tunnel – made investment commitment of up to £210m to be invested between 2015 and 2018 
    • US Military Housing – invested c.£32m into the Company’s first US infrastructure transaction
    • Priority School Building Programme Funding Aggregator – invested £36.3m to fund four ‘batches’
    • Victoria Schools – design, build, finance, operate and maintain 15 schools across 12 sites in the State of Victoria in Australia. Investment requirement of c.£17m

    Raised £198m (before issue costs) of equity capital for INPP

    INPP's corporate debt facility was successfully renegotiated from £175m to £300m with substantially reduced margins and a reduction in fees charged



  • 2014

    • Circa £190m of investments made on behalf of INPP
    • Closed on £16m Townlands Community Hospital redevelopment, Henley-on-Thames
    • Secures £9.6m investment for The Haymarket Development, Edinburgh
    • Amber-led consortium appointed on the £700m Priority Schools Building 'Aggregator' Programme
    • £95m of equity raised for INPP

  • 2013

    • Raised c£47m of new capital for INPP
    • c£37m invested into projects for INPP
    • Liverpool Central Library & Archive reached construction completion in January and was officially opened to the public

  • 2012

    • Fifth offshore transmission project awarded and fourth offshore transmission project reached financial close
    • Additional investment in a portfolio of Building Schools for the Future projects made on behalf of INPP
    • Raised £200m of new equity for INPP

  • 2011

    • Three offshore transmission assets closed
    • Appointed as fund manager to three JESSICA funds
    • INPP £100m corporate debt facility renegotiated
    • INPP £52m of new equity issued
    • New assets acquired during the year included:
      • Building Schools for the Future interest acquired – first secondary transaction for the fund
      • First UK offshore transmission projects: Robin Rigg, Barrow and Gunfleet Sands closed
      • Interest in Liverpool Library, UK
      • Interest in Gold Coast Rapid Transit, Australia
      • Eight NHS LIFT schemes, UK
      • Additional interest in Long Bay Forensic and Prison Hospital and Royal Melbourne Showgrounds, Australia
    • Net Asset Value of INPP grew by 3.4% to £624.3m at 31 December

  • 2010

    • Four Offshore transmission projects awarded
    • Awarded preferred partner to first JESSICA fund
    • Divestment of WISP assets
    • Advised INPP on £100m raised through tap issues, placement and open offer
    • Assets in the portfolio grow to 60. New assets acquired during the year included:
      • Three NHS LIFT projects based in London
      • Moray Schools, Scotland
      • Pforzheim Schools, Germany
      • Additional investment in BeNEX, the Company’s German rail operating business.
    • Net Asset Value of INPP grew by 29% to £541.9m at 31 December

  • 2009

    • Management buyout of Babcock & Brown PPP unit into Amber Infrastructure
    • BBPP renamed International Public Partnerships; Amber assumes role of fund Investment Advisor
    • Liverpool library project awarded
    • Moray Schools project in Scotland awarded
    • LIFT projects closed
    • Net asset value of INPP at 31 December £420.2m

  • 2008

    • Advised INPP on raising of £84m in additional equity via a C Share Offering
    • Advised and completed Angel Trains pathfinder acquisition from RBS
    • £100m corporate debt facility negotiated
    • Total number of assets in portfolio increases to 50. New assets acquired during the year included:
      • Stake in Brescia Hospital, Italy
      • Orange Hospital, Australia
      • Additional interest in Diabolo Rail, Belgium
      • Portfolio of NHS LIFT assets, UK
      • Royal Children's Hospital, Australia
      • Interest in Angel Trains, UK
      • Interest in schools projects, Canada and Wales

  • 2007

    • First North American deal closed
    • First project in Belgium awarded
    • First project in Ireland awarded
    • First project in France closed
    • Agreement signed for BeNEX rail joint venture, Germany
    • 40 transactions closed in total
    • INPP portfolio under management increases to 30 infrastructure assets including the following new assets:
      • Durham court complex, Canada
      • Interest in BeNEX rail, Germany
      • Dublin Criminal Courts, Ireland
      • Medicast Amiens Hospital, France
      • Portfolio of nine Australian schools
    • INPP net asset value at 31 December grew by over 7% to £330.4m

  • 2006

    • First Australian deal closed
    • Full listing of Babcock and Brown Public Partnerships (BBPP) (now called International Public Partnerships Limited, “INPP”) on London Stock Exchange raising £300 million
    • Initial portfolio of 23 PFI and other infrastructure assets with a net asset value of at 31 December £306.6m

  • 2005

    • 30 transactions closed
    • First European deal closed

  • 2004

    • 20 transactions closed

  • 2003

    • NHS LIFT Framework attained
    • Schools projects awarded
    • Construction completion on a number of assets

  • 2002

    • Fifth Health PPP Closed
    • Police Headquarters project awarded in Wales
    • Schools PPP Projects awarded

  • 2001

    • Portfolio refinanced
    • Balance sheet funding of projects
    • 10 transactions closed

  • 2000

    • First Health PPP Closed
    • First Courts PPP awarded
    • 4 other PPP transactions closed

  • 1999

    • First Training College PPP Closed

  • 1998

    • Team formed
    • Co-investment club established with US Private Investors
    • First two PPPs awarded