Infrastructure
Singapore's SolarHome gets $10m for Myanmar push
SolarHome, a Singaporean off-grid solar specialist, has received $10 million in debt funding for a Myanmar expansion from crowdfunding platforms Crowdcredit and Trine.
Macquarie exits 80% stake in Australia wind farm
Macquarie Capital has exited an 80% holding in Australian wind farm project Lal Lal, with Canada-based Northleaf Capital Partners and UK-based Infrared Capital Partners each taking 40% stakes.
CITIC Capital invests China-Europe logistics providers
CITIC Capital has backed two China-Europe logistics providers in separate deals of undisclosed size. The GP is investing via its Silk Road Fund, which targets geographies in China’s One Belt One Road (OBOR) agenda.
UK-based GP acquires Australia solar project
UK private equity investor Foresight Solar Fund (FSF) has taken a 100% interest in an Australian solar farm and a 49% interest in each of two related projects. It coincides with a A$55 million ($43 million) investment from Australia’s Clean Energy Finance...
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...
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.
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).
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.
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.
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.
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
Denham-backed platform acquires Australian renewables projects
Resources-focused private equity firm Denham Capital has invested in three renewable energy projects across Australia via its Singapore-based investment platform Nexif Energy.
India infrastructure: Finding on-ramps
As capital patterns in the Indian infrastructure space evolve, the opportunity sets for private equity are being reshaped. Precisely calculated entry strategies will be the key to success
Deal focus: IFM swoops on Australian energy assets
With recent bids by Chinese investors for Australian power network Ausgrid blocked by regulators, IFM saw an opportunity to salvage the deal for itself
IFM, AustralianSuper secure $12.3b Ausgrid deal
An all-Australian consortium comprising IFM Investors and AustralianSuper has acquired a 50.4% interest in a 99-year lease of Ausgrid, New South Wales’ (NSW) electricity distribution network, for A$16.2 billion ($12.3 billion).
IDFC to buy Indian wind power business
IDFC Alternatives has agreed to buy a wind power business owned by Indian conglomerate Jindal Steel & Power.
IFC, EMA Power invest $176m in Bangladesh's Summit
The International Finance Corporation (IFC), the investment arm of the World Bank, has joined EMA Power Investment to invest $175.5 million in Bangladeshi independent power producer Summit Corporation (SCL).