Babcock & Brown

Babcock & Brown ( B & B) is a former Australian listed investment company which was liquidated as a result of the international financial crisis in 2009.

History

Babcock & Brown was founded in 1977 by James Babcock and George Brown in San Francisco. James Babcock is also Managing Director of the company. He moved the seat to Sydney, Australia.

First B & B was only acting as financial advisor for larger leases. With the entry of Bayerische Hypo -und Vereinsbank AG ( HypoVereinsbank ), the business expanded to include direct investments with their own capital and borrowed. HypoVereinsbank took over in the first half of 2000 for 120 million U.S. dollars a twenty percent stake in B & B. This proportion reduced the bank in 2006 to $ 55 million. Dieter Rampl of HypoVereinsbank and its parent company Unicredit was a " non-executive director" member of the "Board of Directors" of B & B.

In 2009 the company came as a result of the financial crisis in financial difficulties and decided in August 2009, the voluntary liquidation. The management company of the funds managed by Babcock & Brown were partly taken over by the management and have not stopped since under new names (for example, Arcus Infrastructure Partners, BBAM and International Public Partnerships ).

Activities

Property

In August 2007, B & B Germany GmbH acquired 4,300 apartments with a total floor space of 260,000 m², 150 commercial units with a total of 16,700 m² of floor space and in a second transaction of the Bayerische Bau und Immobilien Group ( BBIG ) properties in Munich and Frankfurt Main acquired with a total of around 160,000 m² of floor space. The package includes the property "White Giant", " Kustermannpark " and " Pagodum " in Munich and the " Arabella Centre " in Frankfurt am Main. The total transaction was between 350 and 400 million euros.

Transportation

B & B had the fifth-largest British bank HBOS together the leasing company for rail vehicles CB Rail and together with the leasing company Angel Trains and manufacturers Bombardier Transportation and Siemens Transportation Systems, the consortium Express Rail Alliance, one of the three bidders for the Intercity Express Programme of the UK Department for Transport for trains, which should 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 was, inter alia, about the listed subsidiary Babcock & Brown Public Partnerships ( BBPP ) ( since June 2009, renamed the International Public Partnerships ( INPP ) ) to so-called Public - Private Partnerships ( PPP ), ie, involved in public duties.