Infrastructure
Asian LPs and infrastructure: Rousing the giants
Infrastructure is shedding its reputation for being a sleepy sector as Asian investors join a global surge of interest in the asset class. Strategic angling for the best deals will now require a more nimble approach
GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition...
High valuations push Australian LPs up the infrastructure risk curve
Australian institutional investors are responding to rising valuations in the core infrastructure space by moving up the risk curve into more opportunistic assets – and domestic pricing pressure is also expected to lead to higher emerging markets allocations.
IDFC exits remaining Green Infra stake for $220m
IDFC Alternatives has exited its remaining stake in Indian wind and solar power producer Sembcorp Green Infra (SGI) to Singapore-based Sembcorp Utilities for INR14.1 billion ($220 million).
IFC proposes $50m investment in India solar project
The International Financial Corporation (IFC), the investment arm of the World Bank, is set to invest up to $50 million in a solar power project operate by India’s Arinsun Clean Energy.
Impact fund invests Nepal hydro player
Private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
Australia's PE-backed PARF acquires domestic wind farm
Coopers Gap Wind Farm, a power facility under construction in Australia, has been acquired by the Powering Australian Renewables Fund (PARF), a renewable energy-focused vehicle backed by QIC and Australia’s Future Fund.
Goldman, Tennenbaum acquire Singapore's Conergy
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
IDFC acquires India solar portfolio
IDFC Alternatives has acquired a portfolio of solar power assets in India from US-based renewable energy developer First Solar Group.
I Squared agrees $1.9b deal for Hutchison's fixed-line business
Infrastructure specialist I Squared Capital has agreed to buy the fixed-line telecom business of Hong Kong’s Hutchison Telecommunications, which is controlled by billionaire Li Ka-shing, for approximately HK$14.5 billion ($1.85 billion).
360 Capital seeks buyout of Australia data center business
Australian property funds manager 360 Capital is seeking to acquire Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia.
IFC proposes $100m investment in China's Penyao
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $100 million in Chinese water treatment firm Penyao Environmental Protection.
Fairfax India ups Bangalore airport stake to 48%
Fairfax India Holdings will invest INR12.9 billion ($200 million) for a 10% stake in Bangalore International Airport (BIAL), raising its total holding to 48%.
IFC, Tata Capital invest $31m in India's Tata Cleantech
Tata Capital and the International Finance Corporation (IFC) have invested INR2 billion ($31 million) in renewable energy-focused non-banking finance company (NBFC) Tata Cleantech Capital (TCCL).
Local-led consortium pays $5.6b for Australia's Endeavour Energy
An Australian-led consortium that includes Macquarie and AMP Capital has agreed to pay A$7.6 billion ($5.6 billion) for a majority stake in Endeavour Energy, which owns and operates part of the New South Wales (NSW) electricity distribution network.
Hastings, First State Super buy Australian state land registry
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
Q&A: Indonesia Infrastructure Finance's Harold Tjiptadjaja
Harold Tjiptadjaja, managing director at government-backed non-bank financial institution Indonesia Infrastructure Finance, discusses the qualities foreign investors need to navigate the sector
China’s first One Belt One Road project secures $1.4b facility
Pakistan’s Karot hydroelectric power project has secured a $1.4 billion facility from a group of Chinese investors and the International Finance Corporation (IFC). It is considered the first infrastructure deal under China’s One Belt One Road initiative.
KKR, CPPIB invest $953m in India's Bharti Infratel
KKR and the Canada Pension Plan Investment Board (CPPIB) have invested INR62 billion ($953 million) in the cell tower arm of Indian telecom services provider Bharti Airtel.
Greenko receives $155m from GIC, ADIA
Singapore sovereign wealth fund GIC Private has joined the Abu Dhabi Investment Authority (ADIA) to invest $155 million in Indian renewable energy developer Greenko Energy Holdings.
Deal focus: TPG makes surprise trade sale
Secrecy was paramount as TPG Capital abandoned plans to list Australia's Alinta Energy in favor of negotiating a $3.1 billion trade sale to Hong Kong-based Chow Tai Fook Enterprises
Brookfield to acquire SunEdison's yieldco platforms
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
IFC considers $100m investment in Indian solar
The International Finance Corporation (IFC) has proposed a $100 million investment in Indian infrastructure-focused non-banking financial company (NBFC) L&T Infrastructure Finance (LTIF) to support solar energy projects in the country.
