MRIF Announces First Investment in Brunswick Rail
The Macquarie Renaissance Infrastructure Fund (MRIF), a joint venture between Macquarie Bank and Renaissance Capital, has announced its first investment in Russia's Brunswick rail. The deal is worth USD 125 million in combined equity and mezzanine debt, and will see MRIF gain a seat on the Brunswick board and a 16% interest in the company. International Finance Corporation has also contributed equity financing of USD $25 million along with an unknown investment from UFG Asset Management.
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