Infrastructure
DE Shaw and Reliance Industries to launch $800 million infrastructure fund - reports
DE Shaw and Indian energy powerhouse Reliance Industries are slated to link to launch a $700-800 million infrastructure fund.
Norwest, Xander Group take stake in Sadbhav Infrastructure
PE players Norwest Venture Partners and The Xander Group have taken a more than 22% stake in road- and highway-development focused Sadbhav Infrastructure Project Ltd., forking over INR200 crore ($42.7 million) apiece for their control.
India: What to build and where to build it
Fact vs fiction in infrastructure opportunities
Suzlon may sell 25% stake in REpower to PE players
Top Indian wind-power firm Suzlon Energy is reportedly in talks with private equity players including TPG Capital to sell a 25% stake in its REpower subsidiary in a deal that could fetch $500 million.
PE investors eye 10% stake in NICE toll way
India's Nandi Infrastructure Corridor Enterprises (NICE), a subsidiary of BF Utilities, is looking to sell a 10% stake in the first phase of its marquee project, the 164 km tollway between Bangalore and Mysore, to private equity investors for $100 million,...
3i may invest $200 million in India's GVK
3i may invest up to $200 million into Indian infrastructure giant GVK Group as part of the company’s efforts to raise $250 million, with Actis potentially fronting the remaining capital to fulfill GVK’s target, local media reports.
Macquarie SBI fund picks up Quippo stake
The Macquarie SBI Infrastructure Fund has made an INR1400 crore ($304 million) investment in Viom Networks, a cellular telecoms tower company formerly known as Quippo-WTTIL, for 11% of the group, with another investor, possibly WL Ross & Co., also participating.
CPPIB on the road again in Oz with Intoll
The Canada Pension Plan Investment Board (CPPIB) has returned to its pursuit of Australia-headquartered toll road groups with an A$3.4 billion ($3.05 billion) privatization proposal for Australian road toll operator Intoll Group – a cash offer at a...
IFC, FE Clean invest Bhilwara Energy
The International Finance Corporation (IFC) and Indian private equity firm FE Clean Energy have jointly invested $50 million 50:50 into Noida-headquartered Bhilwara Energy Ltd., a hydroelectric power and manufacturing group, for a 10.8% stake.
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...
Blackstone completes Monnet deal
The Blackstone Group has executed its plans, first publicized in March this year, to invest around $60 million for 12.5% of Monnet Power Co. Ltd., an Indian independent power producer currently developing at 1050MW coal-fired power plant in Orissa state.
Eredene invests India's Ennore Port terminal
London AIM-listed Eredene Capital, an India-focused real estate and infrastructure investment firm, has led a consortium to win the rights to build and operate the Ennore Port container terminal project in Tamil Nadu, along with Spanish and Indian industry...
Baring India close to Oriental Tollways deal
Baring Private Equity Partners India is preparing to invest some INR370 crore ($80 million) in Oriental Tollways, part of the 30-year-old Oriental Structural Engineers Group, to help fund the target's road projects.
CIC’s Yingru Li joins China Asean Fund
Yingru Li, previously MD in charge of private equity fund investments and co-investments at PRC SWF the China Investment Corp. (CIC), has been appointed co-Chief Investment Officer of the China Asean Fund, a $1 billion infrastructure-focused vehicle supported...
Reliance sells India towers
The Blackstone Group, the Carlyle Group and TPG Capital are all in talks with number two Indian cellular provider Reliance Communications, part of India’s Reliance Anil Dhirubhai Ambani Group, over the spinout of the company’s cellular transmission...
WL Ross exits SpiceJet at a premium
Leading US investor Wilbur Ross and his flagship investment group WL Ross & Co. have exited from the 30% stake held since 2008 in Indian budget airline SpiceJet. The exit price was $127 million, yielding a 58% profit after just two years.
Carlyle Contract Aviation win
The Carlyle Group has consummated its extended pursuit of Contract Aviation Industries with an A$350 million ($291 million) buyout offer for the Australian aircraft and helicopter leasing company, which originally planned to launch an IPO in late March...
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways.
Fund structure for infrastructure
Infrastructure is now broadly recognized as a global market, yet there are marked differences based on region and substantial variations in risk.
Argonaut, Ascent join IDFC for $100 million GMR investment
Argonaut Private Equity and Ascent Capital have joined IDFC in the latest investment round for GMR Energy, the energy division of Indian conglomerate GMR Group, to invest a total of INR465 crore ($100 million).
GMR gains $75 million more from IDFC
Following reports that it was seeking further funding, India's GMR Energy has now secured approximately $75 million from IDFC Group, the prominent local infrastructure finance conglomerate, for a significant minority stake.
Actis plans GVK power deal for India
Actis is planning to invest up to $215 million in GVK Power and Infrastructure Ltd., the coal, gas and hydropower arm of Indian conglomerate GVK, according to Indian reports.
IFC backs NCMSL for Indian agro supply chain
International Finance Corporation (IFC), the World Bank unit responsible for private investment, plans to invest $7.5 million in equity, plus an additional $13 million in debt, into integrated supply chain and risk management services provider National...
CP2 fails to block Transurban share sale
CP2 Ltd., the Australian infrastructure investor that partnered with Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) in the attempted A$7.2 billion ($6.4 billion) privatization of local toll road operator...