Waldrow Healthcare Center project (Fulcrum) in the UK
“No complex products or multiple investment offerings; a simple and transparent model”.
Meridiam’s sole business consists in long-term investments in PPP infrastructure. This means that Meridiam’s team is involved in all aspects of developing PPP projects, managing them from “cradle to grave” and ensuring that industrial, public and private partners remain committed throughout the term of the concession. Meridiam remains involved in the day-to-day management of the assets over the investment period.
Infrastructure; robust and secure assets
PPP projects can provide investors with the long-term, stable flows of income they seek in infrastructure and possess the following attractive attributes:
Run in partnership with reliable public corporations (OECD countries).
Long-term investment horizon, with concession lives of 25 years or more.
Secure cash flows (tolls, lease payments, public guarantees) often with inflation protected returns.
Rigorous investment criteria
Meridiam has a comprehensive investment process that allows it to manage development risk at bid stage through to operational risk over the life of the project Meridiam closely monitors the following risks:
Construction risks: performance fixed price and date certain contracts, etc.
Operational risks: due diligence on counterparty risk (grantor, contractor, operator, etc.)
Cash flow risks: review of forecast traffic levels for user paid projects
Financial risks: possibility of cost overruns
Political risks: reliability of the grantor and monetary stability
A2 PHASE I (Autostrada Wielkopolska SA) in Poland