One of Assured Guaranty subsidiaries acquired a minority interest in Cadia (Malta) Limited, the holding company of Rubicon Infrastructure Advisors.

Assured Guaranty US Holdings Inc., bought an interest in Rubicon, a full-service investment banking firm active in the global infrastructure sector, according to a press release Tuesday. Terms weren't disclosed.

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The AGUS investment in Rubicon’s growing business capitalizes on core strengths of both companies, including infrastructure credit analysis and strong industry relationships. The primary purpose of the investment is to support Rubicon’s continued international expansion.

"Assured Guaranty’s investment in Rubicon advances one of our key strategic priorities - to pursue carefully selected alternative investments, beyond our core financial guaranty business, that further diversify our revenue sources and have risk profiles consistent with our own,” said Dominic Frederico, president and CEO of Assured. “We look forward to cooperating with Rubicon to expand both companies’ opportunities in the global infrastructure finance market.”

Rubicon has advised on over 70 merger and acquisition and capital raising assignments worth in excess of $30 billion over the past five years. Rubicon operates on a global basis and has advised on transactions in Europe, the U.K., North America and Latin America. It provides investors, operating managers and construction companies with independent advice.

"Rubicon exemplifies the type of company we are looking for in our alternative investment strategy," said David Buzen, senior managing director, Alternative Investments, at Assured. "It operates in a market we understand well and has complementary strengths and risk appetite, strong management and significant growth potential,”

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.