Babcock & Brown
| Babcock & Brown
|
|
|---|---|
 |
|
| legal form | Limited |
| ISIN | AU000000BNB2 |
| founding | 1977 |
| resolution | 2009 |
| Seat | Sydney , Australia |
| Branch | Real estate, finance |
Babcock & Brown (B&B) is a former listed Australian investment company that was liquidated in 2009 as a result of the international financial crisis.
history
Babcock & Brown was founded in 1977 by James Babcock and George Brown in San Francisco. James Babcock continues to serve as the company's managing director. He relocated to Sydney , Australia.
At first, B&B only acted as a financial advisor for larger leasing transactions. With the entry of Bayerische Hypo- und Vereinsbank AG (Hypovereinsbank), business activities expanded to include direct investments with own and borrowed capital. In the first half of 2000, Hypovereinsbank took over a 20 percent stake in B&B for 120 million US dollars . In 2006 the bank reduced that portion by USD 55 million. Dieter Rampl from Hypovereinsbank and its parent company Unicredit was a "non-executive director" on the "Board of Directors" of B&B.
In 2009 the company ran into financial difficulties as a result of the financial crisis and decided to voluntarily liquidate it in August 2009 . The management companies of the funds managed by Babcock & Brown were partly taken over by their management and have since run under new names (e.g. Arcus Infrastructure Partners, BBAM and International Public Partnerships ).
activities
property
In August 2007, B&B Deutschland GmbH acquired 4,300 apartments with a total living space of 260,000 m², 150 commercial units with a total of 16,700 m² usable space and, in a second transaction from the Bayerische Bau und Immobilien Gruppe (BBIG), real estate in Munich and Frankfurt am Main acquired with a total of around 160,000 m² of usable space. The package includes the "Weißer Riese", "Kustermannpark" and "Pagodum" properties in Munich and the "Arabella Center" in Frankfurt am Main. The total volume of the transaction was between EUR 350 and 400 million.
Transportation
Together with the fifth largest British bank HBOS , B&B owned the rail vehicle leasing company CB Rail and, together with the leasing company Angel Trains and the manufacturers Bombardier Transportation and Siemens Transportation Systems, forms the Express Rail Alliance consortium, one of the three bidders for the British Ministry of Transport's Intercity Express program for trains that were to replace the high-speed train from 2014. B&B was also the main shareholder of the Swiss railway company Crossrail AG .
PPP
In addition, B&B u. a. Involved in so-called public-private partnerships (PPP) through the also listed Babcock & Brown Public Partnerships (BBPP) (renamed International Public Partnerships (INPP) in June 2009 ) .
Individual evidence
- ↑ Press release from Hypovereinsbank - Munich, August 3, 2007 ( Memento of the original from August 25, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ n-tv: Big Australian bank broke
- ↑ Report from 'Property Magazin' dated August 14, 2007 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Report from 'Property Magazin' of August 17th, 2007 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
