Babcock & Brown In Administration

摘要

Australian investment bank Babcock ft Brown entered voluntary administration on March 13. A consortium led by Babcock ft Brown bought Angel Trains from Royal Bank of Scotland for ￡3.6bn in June 2008. Equity investors sup- porting Babcock ft Brown's European Infrastructure Fund were AMP Capital Investors, Deutsche Bank and three funds advised by Access Capital Advisers. Funding was provided by a consortium of 17 banks (RB1320 p5). It is expected that senior credi- tors will now seek to sell off Babcock ft Brown's asset portfolio. However, specialist funds within Babcock ft Brown are reported as claiming that they do not expect administration to affect their businesses.