Amber was born in 2009 after the management buyout of the PPP infrastructure team at Babcock & Brown. Amber as a separate legal entity is relatively young, however the core businesses of the group and the people managing those businesses, have a history of working together extending back to 1998.

Despite the significant macro-economic uncertainty of the past few years, Amber’s business has continued to grow consistently year-on-year. The key milestones are set out in the table below, please click on the relevant year for more details:

2013
15 February 2013

Raised £40m of new equity for INPP

2012

Fifth offshore transmission project awarded and fourth offshore transmission project reached financial close
Additional investment in a portfolio of Building Schools for the Future projects made on behalf of INPP
Raised £200m of new equity for INPP

2011

Three offshore transmission assets closed
Appointed as fund manager to three JESSICA funds
INPP £100m corporate debt facility renegotiated
INPP £52m of new equity issued
New assets acquired during the year included:
- Building Schools for the Future interest acquired – first secondary transaction for the fund
- First UK offshore transmission projects: Robin Rigg, Barrow and Gunfleet Sands closed
- Interest in Liverpool Library, UK
- Interest in Gold Coast Rapid Transit, Australia
- Eight NHS LIFT schemes, UK
- Additional interest in Long Bay Forensic and Prison Hospital and Royal Melbourne Showgrounds, Australia
Net Asset Value of INPP grew by 3.4% to £624.3m at 31 December

2010

Four Offshore transmission projects awarded
Awarded preferred partner to first JESSICA fund
Divestment of WISP assets
Advised INPP on £100m raised through tap issues, placement and open offer
Assets in the portfolio grow to 60. New assets acquired during the year included:
- Three NHS LIFT projects based in London
- Moray Schools, Scotland
- Pforzheim Schools, Germany
- Additional investment in BeNEX, the Company’s German rail operating business.
Net Asset Value of INPP grew by 29% to £541.9m at 31 December

2009

Management buyout of Babcock & Brown PPP unit into Amber Infrastructure
BBPP renamed International Public Partnerships; Amber assumes role of fund Investment Advisor
Liverpool library project awarded
Moray Schools project in Scotland awarded
LIFT projects closed
Net asset value of INPP at 31 December £420.2m

2008

Advised INPP on raising of £84m in additional equity via a C Share Offering
Advised and completed Angel Trains pathfinder acquisition from RBS
£100m corporate debt facility negotiated
Total number of assets in portfolio increases to 50. New assets acquired during the year included:
- Stake in Brescia Hospital, Italy
- Orange Hospital, Australia
- Additional interest in Diabolo Rail, Belgium
- Portfolio of NHS LIFT assets, UK
- Royal Children's Hospital, Australia
- Interest in Angel Trains, UK
- Interest in schools projects, Canada and Wales

2007

First North American deal closed
First project in Belgium awarded
First project in Ireland awarded
First project in France closed
Agreement signed for BeNEX rail joint venture, Germany
40 transactions closed in total
INPP portfolio under management increases to 30 infrastructure assets including the following new assets:
- Durham court complex, Canada
- Interest in BeNEX rail, Germany
- Dublin Criminal Courts, Ireland
- Medicast Amiens Hospital, France
- Portfolio of nine Australian schools
INPP net asset value at 31 December grew by over 7% to £330.4m

2006

First Australian deal closed
Full listing of Babcock and Brown Public Partnerships (BBPP) (now called International Public Partnerships Limited, “INPP”) on London Stock Exchange raising £300 million
Initial portfolio of 23 PFI and other infrastructure assets with a net asset value of at 31 December £306.6m

2005
13 December 2005

30 transactions closed

First European deal closed
2004
13 December 2004

20 transactions closed

2003

NHS LIFT Framework attained
Schools projects awarded
Construction completion on a number of assets

2002

Fifth Health PPP Closed
Police Headquarters project awarded in Wales
Schools PPP Projects awarded

2001

Portfolio refinanced
Balance sheet funding of projects
10 transactions closed

2000

First Health PPP Closed
First Courts PPP awarded
4 other PPP transactions closed

1999
14 December 1999

First Training College PPP Closed

1998

Team formed
Co-investment club established with US Private Investors
First two PPPs awarded