energy
KKR exits French energy firm to Australia's First State
KKR has sold its stake in French district heating provider Coriance to First State Investments, the asset management division of the Commonwealth Bank of Australia.
Tata Power to acquire ADB, DEG-backed Welspun Renewables
India's Tata Power has agreed to acquire Welspun Renewables (WREPL), a subsidiary of Welspun Energy backed by the Asian Development Bank (ADB) and German development finance institution DEG.
Blackstone sells German wind farm to China Three Gorges
China Three Gorges Corporation has agreed to buy an 80% interest in one of Germany’s largest offshore wind farms from The Blackstone Group.
India's GIC-backed Greenko raises $230m
Greenko Energy Holdings, an Indian renewable energy producer owned by the Singapore sovereign wealth fund, GIC Private, has raised $230 million from GIC and the Abu Dhabi Investment Authority (ADIA).
Samara exits India-listed Asian Oilfield Services
Samara Capital has exited its stake in Indian listed oil and gas exploration services provider Asian Oilfield Services to Mumbai-based energy exploration firm Oilmax Energy for INR300 million ($4.4 million).
Kerogen to invest $63m in UK energy firm
Hong Kong-based energy investor Kerogen Capital has agreed to commit GBP44 million ($63 million) to UK-based oil and gas company Hurricane Energy.
Fengate buys into Australia power plant
Fengate Capital Management has taken a stake in an Australian power plant along with General Electric (GE) and funds managed by domestic infrastructure-focused firm Whitehelm Capital.
MOPE invests $15m in India Energy Exchange
Motilal Oswal Private Equity (MOPE) has invested INR980 million ($14.8 million) in India Energy Exchange, buying a 4.1% stake from Jindal Power.
APG, Piramal commit $132m to India's Essel Green Energy
Dutch pension fund manager APG Asset Management has committed $132 million, alongside Piramal Enterprises, to Essel Green Energy, the solar power platform of India's Essel Group.
Polaris acquires Japanese power sector supplier
Polaris Capital has acquired Japanese power generation equipment and services company Yodogawa Transformer with a view to leveraging increased electricity demand related to the 2020 Tokyo Olympics.
India's Crompton Greaves sells offshore assets for $126m
India-based electrical equipment manufacturer Crompton Greaves has agreed to sell its offshore businesses to US-based PE firm First Reserve International for EUR115 million ($126 million).
CDPQ establishes India office
Caisse de dépôt et placement du Québec (CDPQ) has founded its India office and committed to invest $150 million in renewable energy in the country.
Equis launches SE Asia's largest solar project
Renewable energy-focused developer and investor Equis Funds Group has launched Southeast Asia's largest solar energy project in the Philippines.
Ex-Khosla partner raises $200m for cross-border tech fund
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
Denham-backed platform buys Vietnam hydro project
Nexif Energy, a Southeast Asia-based energy investment platform backed by Denham Capital, has bought a majority stake in a Vietnam hydropower project.
KKR sets up oil and gas services platform
KKR has set up an oil and gas services platform that will handle the engineering, maintenance, repair and overhaul needs of owners and operators.
MSPEA exits Sino Gas stake to investment partner
Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Sino Gas to Zhongyu Gas. The buyer participated alongside MSPEA in the privatization of Sino Gas last year and will now take a majority stake in the business.
Deal focus: J-Star sees low-voltage potential
Japan-based energy savings solutions provider ESCO is expected to benefit from increased consumer awareness of efficiency issues and a shake-up in the broader utilities space
Japan's J-Star buys energy savings business
Japanese GP J-Star has acquired ESCO, an energy savings solution provider that primarily works with condominium managers, for an undisclosed sum.
Chinese energy investor buys assets from Denham-backed Tall City
Blue Whale Energy, a China-based energy investment firm, has agreed to buy the oil and gas exploration and production assets of Tall City Exploration – a Denham Capital portfolio company – for $803 million.
Hony commits $381m to Australia-listed oil player Santos
China's Hony Capital will buy A$500 million ($381 million) worth of shares in Australia-based oil and gas supplier Santos, as part of the company's bid to cut debt by raising A$3.5 billion.
India's ReNew Power raises $265m round
Indian renewable energy producer ReNew Power Ventures has raised a $265 million funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation by existing investors Goldman Sachs and the Global Environment Fund (GEF).
TVS pays $12.5m for Bessemer IEX stake
TVS Capital has paid INR810 million ($12.5 million) for a 4% stake in Indian Energy Exchange (IEX) held by Bessemer Venture Partners.
FTIL sells remaining IEX stake to Multiples-backed Milltec
Financial Technologies (FTIL) has agreed to sell its remaining 5.46% stake in India Energy Exchange (IEX) to Milltec, a portfolio company of Multiples Alternative Asset Management, completing its exit from the company.