Corinne developed the Galaxy fund since its inception and has successfully brought Galaxy to its present positioning in the Market.
Galaxy is a dedicated transportation infrastructure equity fund looking to achieve recurring medium-term income and long-term capital appreciation for its stakeholders.
Leading European institutional investors (CDC, Cassa Depositi e Prestiti, KfW, BEI) have now joined Galaxy.
Galaxy has an exclusive scope of investments on four fundamental sectors :
- Roads (motorways, bridges and tunnels),
- Rail (high-speed, light & urban rail, traditional),
- Seaports, and
- Airports.
Galaxy invests equity and quasi equity into infrastructure projects in OECD countries, with special focus on Europe. This definition of Europe includes the 25 countries of the enlarged Europe.
Galaxy generally seeks to be a reference shareholder in any project it chooses to invest into, and looks forward to joining other strategic partners with complementary expertise.
Corinne is considered today as one of the leading experts on PPP. She was appointed as Chair of the UN PPP Alliance which counts all heads of PPP Task Forces in the enlarged Europe and other accessing countries. As such, she was called as an expert by the French and Canadian governments to assist them in implementing the proper legal and institutional framework for PPP schemes in these countries. She is also an active member of various Think-Tanks at the European Commission.
Prior to setting up Galaxy, Corinne was the Executive Vice President in charge of Strategy and Business Development at Egis SA, well known international sponsor and engineering firm.
Corinne brings in ten years of experience in the capital markets and ten years in the Project Finance and M&A industry with BNP, where she was heading the Infrastructure Team. She spent all together ten years in North America, during which she headed operations in New York and in Canada.
Corinne holds a Masters Degree and PhD in Political Science and completed an Executive Management Program in Paris.
Galaxy Management Services
Galaxy is a European equity fund exclusively dedicated to transportation infrastructure projects.
The fund was set up in 2001 and has a size of €275 MM. Leading European financial Institutions, namely Caisse des Dépôts of France (CDC), Cassa Depositi e Prestiti of Italy, and KfW of Germany, are the current core shareholders of Galaxy and the European Commission / European Investment Bank has joined as the first club investor alongside BGK, the Polish development bank.
Galaxy was set up by large European AAA financial institutions that are also institutional investors with a perfect understanding of the infrastructure market, in which they have historically invested for decades.
As such, Galaxy’s stakeholders have an understanding of the risk / reward profile of infrastructure assets. This allows Galaxy to invest long term in infrastructure projects, aimed at further diversifying their respective investment portfolios.
Galaxy invests equity and quasi-equity into infrastructure projects in OECD countries, with special focus on Europe. This definition of Europe includes the 27 countries of the enlarged European Union.
Galaxy has an exclusive scope of investments in four fundamental sectors: roads (motorways, bridges and tunnels), rail (high-speed, light & urban rail, traditional); seaports; and airports. This exclusive focus provides Galaxy with a unique capacity to understand multi-modal projects, and specifically the inter-modality issues related to airport platforms. Since inception, Galaxy has been actively pursuing developments of greenfield projects as well as investments in brownfield projects. Galaxy also has prior experience in competitive bid processes, having participated in various privatisation tenders. Transactions include:
2001: 35% stake in privatisation of 7 seaports in Southern Australia
2002: Bid with ABN Amro for the privatisation of Sydney Airport
2002: Shareholder of UK Arrow-Nottingham Tram Project
2004: Bid for privatisation of Brussels Airport (BIAC); Galaxy Fund joined Vinci, and submitted a binding offer; beyond Galaxy Fund’s own equity commitment Galaxy Fund shareholders committed up to 2/3 of the total senior and mezzanine acquisition debt financing
2005: Led the ISAP Consortium in the 66% share acquisition of the Bratislava and Kosice Airports in the Slovak Republic
2006: Bid for the acquisition of London City Airport
2006: Acquisition of a European regional Airport (reference shareholder stake)
2007: Bid for the acquisition of Hamburg Port
2007 : Bids placed on Leeds Bradford International Airport, Birmingham International Airport
2007 Awarded EXETER airport with Balfour Beatty. Galaxy holds 40% of the airport
2007 : Sienna Airport sale : Galaxy wins and obtain 60% of the airport.