Infrastructure
Kumho Industrial to sell assets to private equity
South Korean construction and transportation firm Kumho Industrial is reportedly looking to divest KRW1 trillion ($884.5 billion) worth of assets to approximately 10 private equity funds.
Asian infrastructure: Building blocks
There is no denying the potential for infrastructure investment in Asia. Although the policies and structures governing private equity involvement are improving, it remains difficult terrain.
J.P. Morgan eyes $400m investment in SKIL Infrastructure
A J.P. Morgan Chase-backed fund will pay approximately $400 million for a nearly 20% stake in Mumbai-based SKIL Infrastructure, an infrastructure project developer with assets including ship maker Pipavav Defence – formerly Pipavav Shipyard - and Offshore...
Ascent Capital commits $45m to Karaikal Port expansion
Ascent Capital will inject $45 million into Karaikal Port as part of an INR7 billion ($153 million) expansion plan that will see a six-fold increase in the port’s capacity to 28 million metric tons. This is the port’s second round of private equity...
IDFC makes second mezzanine commitment to Caparo Energy
Infrastructure Development Finance Company (IDFC) has provided $33.5 million in mezzanine funding, subject to a four-year term, to Caparo Energy. This is IDFC's second mezzanine deal with the energy firm, following an earlier $78.5 million six-year commitment.
Temasek forms JV with South Africa's Oppenheimer family
Singapore’s sovereign wealth fund Temasek Holdings will form a joint venture private equity fund with South Africa’s E. Oppenheimer & Son International. James Teeger, group managing director at E. Oppenheimer, told Reuters that each party would make...
KKR makes second investment into Avantha Power & Infrastructure
KKR has strengthened its ties to India’s Avantha Power & Infrastructure (APIL), co-investing an additional $120 million into the company less than a year after committing $50 million.
India's L&T plans infrastructure-focused private equity fund
Larsen and Toubro (L&T), an Indian engineering and construction company, is preparing to launch a private equity fund which will invest infrastructure projects, The Economic Times reported.
Infrastructure India makes bid for wind farm operator
Specialist investment firm Infrastructure India has reportedly launched a takeover bid for independent power firm Indian Energy. Its offer is said to value the company at $12.8 million.
IDFC takes minority stake in GVR Infra
IDFC has invested INR150 crore ($40 million) into GVR Infra Projects, an unlisted engineering and construction firm, for an undisclosed significant minority stake.
Nomura to launch India infrastructure fund in September
Nomura Holdings plans to launch its $500 million India-focused $500 infrastructure fund in September, according to Vikas Sharma, the Japanese asset manager's country head for India. The launch date is a couple of months later than originally expected.
IFC prepares loan for Axis-backed infrastructure firm
An Indian infrastructure firm backed by Axis Private Equity is poised to secure a INR22.58 crore ($5 million) loan from the International Finance Corporation, the World Bank’s investment arm, according to Financial Chronicle.
Unitas completes landmark Hyva deal
Asian private equity firm Unitas Capital has completed the acquisition of Hyva Holdings B.V. from Europe’s 3i, for an enterprise value of EUR525 million ($761.5 million). The acquisition was partly financed through a high yield bond, marking the first...
CapAsia Invests in Kazakhstan Electricity Utility
Singapore-based private equity infrastructure investor CapAsia will invest $50 million in equity capital into Central Asian Power and Energy Company (CAPEC), a power company in Kazakhstan.
SBI-Macquarie, Standard Chartered among GMR Airport investors
GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure - which operates two of India’s major airports - is reportedly set to receive INR15 billion ($333 million) from SBI-Macquarie, Standard Chartered Private Equity and a third unnamed PE...
Kaizen a rising star in Indian PE
One year after AVCJ predicted that education-opportunities group Kaizen Management Advisors “seems poised to lead investment in this sector in India,” the firm has made strides to keep its title, enlisting the likes of India’s Housing Development...
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.
Guggenheim, Indian Infrastructure trade stakes
US-based Guggenheim Partners has reportedly taken a 46% stake in infra asset manager Infrastructure India in a deal completed through the exchange of stakes in each other’s portfolio companies.
Dragon Capital clean energy PIPE in Laos
Laos’ position as an investment destination has been improved this week as state-backed Electricite du Laos Generation (EdL Gen) received its second private equity investment in so many weeks, with Dragon Capital purchasing $3.36 million worth of shares...
Next Capital's investee Onsite completes acquisition
Next Capital-owned contracting and recruitment services firm Onsite Rental Group has acquired Statewide Equipment Hire, a supplier of for-hire construction equipment, for A$70 million ($69.7 million).
China Development Bank-led consortium takes stake in LDK Solar subsidiary
LDK Solar Co., a Jiangxi-headquartered manufacturer of solar energy-related wafers, has sold a 18.46% stake of its polysilicon manufacturing division to a consortium of investors, led by China Development Bank Capital Corporation, for $240 million.
Baring invests $90 million in Indian boiler manufacturer
Baring Private Equity India has invested $90 million in boiler maker Cethar Vessels for an unspecified minority stake, with capital earmarked to be used to expand Cethar’s facilities. Cethar, India’s second-largest boiler manufacturer, currently produces...
Australia’s Future Fund invests in Gatwick Airport
The Future Fund, Australia’s Sovereign Wealth Fund, has reached an agreement to buy a 17.2 % stake London’s Gatwick Airport from the Global Infrastructure Partners (GIP) for approximately $200 million.
TPG and GIC invest in Indonesian miner
TPG Capital and Singapore sovereign wealth fund GIC has brought a stake in PT Delta Dunia Makmur, Indonesia’s second largest coal mining contractor. The investors bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which...