re-emerged from the collapse. These include Babcock & Brown LP's successful wind energy business, now called Infigen Energy and listed on the ASX; Prime Infrastructure, which was acquired by Brookfield; and Babcock & Brown LP's well regarded public-private partnership business, which was acquired from Babcock & Brown LP and trades as Amber Infrastructure, headquartered in London. Acquisitions In August 2006 managed fund, Babcock & Brown Capital, announced that it had completed a 65% acquisition of Irish telecommunications company Eircom, with its partner the Eircom Employee Share Ownership Trust Limited (ESOT) holding the remaining 35% of Eircom Group. In March 2007 Babcock & Brown LP led a consortium to attempt to buy the Australian energy company Alinta Ltd. The takeover by a scheme of arrangement was supported by the Alinta Board. In the Irish Independent newspaper it was reported that Babcock & Brown LP were planning to break up Eircom. Retaining the core backbone Network Wholesale Division and selling the Eircom Retail and Mobile (Meteor) Divisions. It was reported that the retail arm of Eircom could be worth €1bn and Meteor around €800m. Debt problems Babcock & Brown LP's shares fell 27% on 12 June 2008 due to fears about the debt levels of it and its various satellite funds. The plunge triggered a debt covenant when its market capitalisation fell below A$2.5 billion (roughly equivalent to a share price of $7.50). Some of the satellite funds, which have suffered similar falls in share price, responded by cutting their dividends and selling assets in order to repay debt. On 19 August 2008, the Babcock & Brown LP's stock price was down 23.5% due to speculation about being forced to sell assets to cover bad debts, which caused the company to place itself into a trading halt and receive a price query from the Australian Stock Exchange. The company then announced board and management changes, including the stepping down of CEO Phil Green and the announcement of no dividends. On 21 August 2008, its share price collapsed a further 36% to end at $2.22, a record low. In September Babcock & Brown LP commenced selling some of its non-core businesses and assets and reducing its workforce in order to streamline its operations. On 4 December it was announced that Babcock & Brown LP had been granted a $150 million loan from its 25 bankers and had the covenants on its outstanding debt