An all-Australian consortium comprising IFM Investors and AustralianSuper has acquired a 50.4% interest in a 99-year lease of Ausgrid, New South Wales’ (NSW) electricity distribution network, for A$16.2 billion ($12.3 billion).
Brookfield Asset Management has agreed to buy the telecom towers assets of Reliance Communications for INR110 billion ($1.6 billion).
Azure Power, an Indian solar panel company backed by several PE investors, has raised $61.4 million in its IPO on the New York Stock Exchange.
Singapore-listed energy trading company New Silkroutes Group (NSG) has formed a joint venture with three parties to develop private equity funds targeting healthcare and infrastructure in emerging and developed Asia.
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.
IDFC Alternatives has agreed to buy a wind power business owned by Indian conglomerate Jindal Steel & Power.
Indian logistics provider Continental Warehousing has filed for a domestic IPO, setting up The Abraaj Group for a full exit. Warburg Pincus is expected to make a partial exit.
A confluence of macro influences is driving demand for modernized logistics in India. Private equity is likely to benefit in a number of areas, but informed targeting and value-add approaches will be key
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
A consortium including QIC, Future Fund and Global Infrastructure Partners (GIP) has paid A$9.7 billion ($7.3 billion) for a 50-year lease at the Port of Melbourne, Australia’s largest container and cargo facility.
Singapore-based alternative credit investor Pierfront Capital has committed $25 million to Merdeka Copper Gold, an Indonesia-based operator of copper and gold mines backed by Saratoga Capital and Provident Capital.
Equis has signed a wind power offtake deal with an Indonesian electricity supplier as part of a $500 million renewable energy project package.
The International Finance Corporation (IFC), the investment arm of the World Bank, has joined EMA Power Investment to invest $175.5 million in Bangladeshi independent power producer Summit Corporation (SCL).
Equity International (EI), a Chicago-based investment firm focused on real estate and infrastructure platforms in emerging markets, has closed its first Asia-focused fund, aimed at supporting Chinese warehouse firm e-Shang Redwood (ESR).
Best Logistics Technologies, a China-based logistics and supply chain management business part-owned by Alibaba Group, has completed a $760 million round led by Everbright Financial Holding Asset Management and CITIC Private Equity.
Singapore’s UOB Venture Management (UOBVM) and Japanese financial group Orix Corp. plan to invest $50 million in Bitexco Power Corporation, the largest privately-owned hydropower company in Vietnam.
The Carlyle Group has fully exited its remaining stake in Australian ports operator Qube Logistics for a reported A$350 million ($263 million).
Indian investors feel that despite recent problems with yieldcos on the global market, the model still holds promise for the country’s renewable energy sector
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $125 million in Hero Future Energies (HFE), a renewable energy platform based in India.
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $40 million investment in Chinese animal feed producer Anyou Biotechnology Group.
Caisse de dépôt et placement du Québec (CDPQ) has agreed to acquire a 20% stake in Plenary Group Holdings, which controls the Australian operations of the global specialist infrastructure investor Plenary Group.
US private equity firm SCF Partners and Australia's Viburnum Funds have agreed to acquire the Asia Pacific subsea services business of Netherlands-based Fugro.