Australian institutional investors are responding to rising valuations in the core infrastructure space by moving up the risk curve into more opportunistic assets – and domestic pricing pressure is also expected to lead to higher emerging markets allocations.
IDFC Alternatives has exited its remaining stake in Indian wind and solar power producer Sembcorp Green Infra (SGI) to Singapore-based Sembcorp Utilities for INR14.1 billion ($220 million).
The International Financial Corporation (IFC), the investment arm of the World Bank, is set to invest up to $50 million in a solar power project operate by India’s Arinsun Clean Energy.
Private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
Coopers Gap Wind Farm, a power facility under construction in Australia, has been acquired by the Powering Australian Renewables Fund (PARF), a renewable energy-focused vehicle backed by QIC and Australia’s Future Fund.
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
IDFC Alternatives has acquired a portfolio of solar power assets in India from US-based renewable energy developer First Solar Group.
Infrastructure specialist I Squared Capital has agreed to buy the fixed-line telecom business of Hong Kong’s Hutchison Telecommunications, which is controlled by billionaire Li Ka-shing, for approximately HK$14.5 billion ($1.85 billion).
Australian property funds manager 360 Capital is seeking to acquire Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $100 million in Chinese water treatment firm Penyao Environmental Protection.
Fairfax India Holdings will invest INR12.9 billion ($200 million) for a 10% stake in Bangalore International Airport (BIAL), raising its total holding to 48%.
Tata Capital and the International Finance Corporation (IFC) have invested INR2 billion ($31 million) in renewable energy-focused non-banking finance company (NBFC) Tata Cleantech Capital (TCCL).
An Australian-led consortium that includes Macquarie and AMP Capital has agreed to pay A$7.6 billion ($5.6 billion) for a majority stake in Endeavour Energy, which owns and operates part of the New South Wales (NSW) electricity distribution network.
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
Harold Tjiptadjaja, managing director at government-backed non-bank financial institution Indonesia Infrastructure Finance, discusses the qualities foreign investors need to navigate the sector
Pakistan’s Karot hydroelectric power project has secured a $1.4 billion facility from a group of Chinese investors and the International Finance Corporation (IFC). It is considered the first infrastructure deal under China’s One Belt One Road initiative.
KKR and the Canada Pension Plan Investment Board (CPPIB) have invested INR62 billion ($953 million) in the cell tower arm of Indian telecom services provider Bharti Airtel.
Singapore sovereign wealth fund GIC Private has joined the Abu Dhabi Investment Authority (ADIA) to invest $155 million in Indian renewable energy developer Greenko Energy Holdings.
Secrecy was paramount as TPG Capital abandoned plans to list Australia's Alinta Energy in favor of negotiating a $3.1 billion trade sale to Hong Kong-based Chow Tai Fook Enterprises
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
The International Finance Corporation (IFC) has proposed a $100 million investment in Indian infrastructure-focused non-banking financial company (NBFC) L&T Infrastructure Finance (LTIF) to support solar energy projects in the country.
EIG Global Energy Partners has invested in Senex Energy and will partner with the Australian oil and gas producer on several of its projects.
The International Finance Corporation (IFC), the investment arm of the World Bank, has agreed to provide $165 million in debt financing to the Bangladeshi subsidiary of Singapore-based energy firm Sembcorp Utilities.