Clarence Correctional Facility
![Clarence Correctional Facility](https://cdn.prod.website-files.com/61e4f5b05652a609e6f87a59/65f3bb064267a07293e85895_grafton.jpg)
Year
2024
Location
NSW
Sector
Infrastructure
Role
Buy-side advisor and debt arranger
Value
Undisclosed
Clarence Correctional Centre PPP is a major regional correctional facility located in Lavadia, NSW. The PPP was established in 2017 and reached Commercial Acceptance in June 2020, commencing a 20-year concession term. The maximum-security facility supports 1,700 beds and is operated by Serco.
Planum was financial advisor to abrdn on its successful acquisition. This included arranging and closing a holdco financing.