BBGI SICAV Ord

Name
BBGI SICAV S.A.
Manager
BBGI Management HoldCo
Type
Closed Ended Investment Company
ISIN
LU0686550053
Sector
LC00000633
Launched
21/12/2011
OCF
1.28 %
3 Year Sharpe
1.01
Yield
4.9 %
Fund Size
£ 776.2 million
NAV
130
Gearing
100
Discount Premium
16
The Fund seeks to provide investors with secure and highly predictable long term cash flows whilst also actively managing the investment portfolio with the intention of maximising the capital value over the longer term. The Fund will target an initial annualised yield of 5.5% p.a. on the Issue Price of its Ordinary Shares. The Company will aim to increase this distribution progressively over the longer term. The Fund will target an IRR in the region of 7 to 8% on the Issue Price of its Ordinary Shares to be achieved over the longer term through active management to enhance the value of existing investments, and by acquisition of further Investments from the Bilfinger Berger Group and other sources, the prudent use of gearing, and growing the Fund with the aim of reducing the Funds TER.
Name
BBGI Management HoldCo
Address
L-2633, Senningerberg, Luxembourg
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Michael Denny

Joined 04/30/2013

Michael Denny has over 14 years of experience in the finance sector. He has been based in Luxembourg for 11 years and worked in the Private Equity and Real Estate fund sectors before joining BBGI. Prior to joining BBGI, Michael headed up the Luxembourg office of the LBREP Group and managed a team of 13 people. The LBREP Group consisted of three Lehman Brothers sponsored real estate funds with $2.4bn of invested equity and approximately $6bn of assets under management. Michael was directly involved in the legal and tax structuring of the funds and held directorship positions on many of the holding and special purpose vehicles which dealt with acquisitions/ divestments and management of the assets. Michael was also directly responsible for all financial aspects relating to the Luxembourg platform.
Duncan Ball

Joined 12/21/2011

Duncan Ball has worked in the investment banking and project finance sector for over 20 years. He is a chartered financial analyst with extensive PPP experience and has worked on over 20 PPP procurements. Duncan is Co-CEO of BBGI with Frank and also worked at Bilfinger Berger Project Investments (BBPI) before taking on his current role. Duncan joined BBPI in 2008 and was responsible for arranging and managing all project finance activities related to BBPI’s PPP projects in North America. Prior to joining BBPI, Duncan was a senior member of the North American infrastructure team at Babcock & Brown and was instrumental in helping establish Babcock & Brown’s infrastructure business in Canada. Prior to joining Babcock & Brown, Duncan was Managing Director and co-head of infrastructure for ABN AMRO Bank in North America. During his tenure at ABN AMRO, Duncan led the M&A transaction for a portfolio of infrastructure PPP projects with an enterprise value of over $950 million. From 2002 until September 2005, Duncan worked at Macquarie Bank where he helped establish Macquarie’s infrastructure practice in Western Canada. From 1990 to 2002, Duncan worked in the investment banking group at both RBC Capital Markets and CIBC World Markets. Duncan obtained a Bachelor of Commerce degree from of Queen’s University in Canada, is a CFA charter holder and is a graduate of the Rotman School of Business Directors Education Program at the University of Toronto.
Frank Schramm

Joined 12/21/2011

Frank Schramm has worked in the PPP sector, investment banking and advisory business for over 15 years. Prior to becoming Co-CEO of BBGI, he worked at Bilfinger Berger Project Investments (BBPI) where he was a Co-Managing Director of Bilfinger Berger Project Investments GmbH and Bilfinger Berger Project Investments Ltd. and led the European PPP operations with over 60 staff. In this role he was responsible for the asset management of over 20 PPP investments with a project volume of about €4bn and for acting as shareholder representative in various investments. In addition, he was responsible for the European development activities. Prior to this role, Frank was Finance Director of BBPI Europe GmbH and was responsible for all project finance activities in Continental Europe. Frank was also responsible for the sale of PPP assets in 2010, 2007 and 2006. While at BBPI Frank was involved in over 15 PPP procurements and was involved in either the procurement or the asset management of the European investments in the seed portfolio that were sold to BBGI. Before joining BBPI, Frank worked at Macquarie Bank in the Investment Banking group from August 2000 until September 2003 where he was responsible for structured finance transactions. Frank worked at Deutsche Anlagen Leasing (DAL) from 1998 to 2000 and Bilfinger Berger BOT from 1995 to 1998.

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