Infrastructure
Blackstone, Carlyle to bid for Transpacific waste unit - report
The Blackstone Group and The Carlyle Group are said to be among suitors for Transpacific Industries Group's New Zealand waste management unit, with first round bids expected by December 6. Japan's Orix Corp. and New Zealand infrastructure investor Infratil...
CapAsia exits Thai toll road
The floods that devastated Thailand in the second half of 2011 were the country’s worst in 50 years, with the World Bank putting the economic damages at $45.7 billion. Bangkok came under threat in mid-October with outer areas most severely hit. The...
CDC commits $200m to IDFC Infrastructure Fund II
CDC Group, the UK government’s development finance arm, has announced a $200 million commitment to IDFC Alternatives’ India Infrastructure Fund 2 (IIF2), its largest ever to an Indian investment fund.
CDC, IDFC co-invest in India's Green Infra
CDC Group will invest up to $25 million in Green Infra, an independent renewable power producer backed by IDFC Alternatives. The GP will add another $23.89 million as part of a $125 million financing round.
CapAsia JV sells stake in Thai toll road operator
CapAsia and Bank of Tokyo-Mitsubishi UFJ have sold their minority stake in Thailand’s Don Muang Tollway (DMT) for $132 million to a newly announced joint venture between Hong Kong-based First Pacific and Philippines infrastructure developer Metro Pacific...
Malaysian government unit to raise $95m infrastructure fund
Pelaburan Mara, the investment and asset management arm of the Malaysian government’s Majlis Amanah Rakyat agency, plans to launch a MYR300 million ($94.9 million) private equity infrastructure fund early next year to invest in the social infrastructure...
Asia real assets: Need returns, will travel
Interest in Asian real assets has surged as investors look to higher growth emerging markets for income and upside. Opportunities run from real estate to infrastructure, and in some cases offer a bit of both
GIC Private to anchor IFC Global Infrastructure Fund
Singapore sovereign wealth fund GIC Private has become an anchor investor in IFC Global Infrastructure Fund - a vehicle administered by the fund management arm of International Finance Corporation (IFC), IFC Asset Management Company (AMC) - which reached...
Canada’s OPTrust opens Sydney office
Canada’s OPSEU Pension Trust (OPTrust) has opened an office in Sydney, to focus on infrastructure and private equity investment across Asia. This is its second base outside Canada.
Macquarie, SBI invest $18m in Ashoka Concessions
Private equity funds jointly managed by State Bank of India and Australia's Macquarie Group have invested INR1.1 billion ($17.9 million) in Ashoka Concessions (ACL), a toll road builder. The funding is the third tranche of a $150 million (INR 8.307 billion...
General Atlantic, India Equity Partners seek action against Fourcee Infrastructure
General Atlantic (GA) and India Equity Partners (IEP) are pursuing legal action against their portfolio company Fourcee Infrastructure Equipments, accusing executives of “extensive forgery and willful deceit.”
Investors see bifurcation in Asia real assets exposure - AVCJ Forum
Investor appetite for real assets in Asia is strong, but infrastructure and real estate players speaking at the AVCJ Real Assets forum in Singapore noted that the nature of demand – between real estate and infrastructure and also between different entry...
Ant Capital invests $11m in construction software firm Kozo Keikaku
Japanese private equity firm Ant Capital Partners has agreed to acquire a 30.4% stake in Japan-listed construction software developer Kozo Keikaku Engineering from existing shareholders for JPY1.15 billion ($11 million).
Infrastructure fundraising: A beast with two heads
At one end of the market large institutional investors are looking to access Asian infrastructure through separate accounts or independently; at the other, plenty of LPs are still looking to make fund commitments
Q&A: Standard Chartered Bank's Andrew Yee
Andrew Yee, global head of infrastructure at Standard Chartered Bank's principal finance division, gives his views on investment opportunities across Asia, where private equity must work in and around large corporates
Indonesia: Infrastructure gridlock
There is substantial demand for infrastructure investment in Indonesia and plenty of opportunities to participate, yet progress is slow. Does the does the sector still hold promise for private equity?
The Asia real assets story
It is difficult to tell whether Asia is at the beginning of a real assets story or negotiating a transition phase somewhere around the middle. "Real assets" is such an all-encompassing term, taking in everything from forestry to energy to real estate,...
Profile: AIF Capital's Peter Amour
Since arriving in Hong Kong in 1986, AIF Capital's Peter Amour has witnessed the emergence of China and the ups and downs of Southeast Asia, enjoying some of the opportunities that have come with it
India’s IDFC makes $644m first close on second infra fund
IDFC Alternatives has reached a $644 million first close on its second core infrastructure fund after just eight months in the market, making it one of the largest Indian fundraises in recent times. India Infrastructure Fund II (IIF2) has a full target...
China Everbright’s private markets business sees profit spike
China Everbright's private market business - which includes a variety of PE, VC and sector funds - generated a pre-tax profit of HK$205 million ($26.4 million) in the first half of 2013, up 17% year-on-year.
Korea launches fund class to support overseas contractors
South Korea plans to launch specialist private equity funds as a means of encouraging financial institutions to support local firms competing for overseas construction contracts. The government hopes that $8.6 billion can be raised through these funds...
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year.
IDFC-backed Green Infra acquires TVS Energy
IDFC Private Equity-backed Indian independent power producer Green Infra (GIL) will buy a 90.46% stake in TVS Energy for an undisclosed amount.
American Capital infra unit hires ex-Citi banker as Asia MD
American Capital Energy & Infrastructure (E&I), an affiliate of NASDAQ-listed private equity firm American Capital, has appointed Abhay Pande as managing director for Asia. He was formerly co-head of energy global banking in the region for Citigroup.