Infrastructure
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).
I Squared's toll road platform buys IL&FS asset for $21m
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
IFC invests $125m in Indian renewable energy platform
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $125 million in Hero Future Energies (HFE), a renewable energy platform based in India.
Asian LPs eye more alternatives – UBS
Large institutional Asian LPs are looking to boost allocations to alternative assets, including private equity, as they seek to diversify portfolios in response to economic volatility, according to UBS Asset Management.
Fengate buys into Australia power plant
Fengate Capital Management has taken a stake in an Australian power plant along with General Electric (GE) and funds managed by domestic infrastructure-focused firm Whitehelm Capital.
MOPE invests $15m in India Energy Exchange
Motilal Oswal Private Equity (MOPE) has invested INR980 million ($14.8 million) in India Energy Exchange, buying a 4.1% stake from Jindal Power.
APG, Piramal commit $132m to India's Essel Green Energy
Dutch pension fund manager APG Asset Management has committed $132 million, alongside Piramal Enterprises, to Essel Green Energy, the solar power platform of India's Essel Group.
Equis launches SE Asia's largest solar project
Renewable energy-focused developer and investor Equis Funds Group has launched Southeast Asia's largest solar energy project in the Philippines.
Denham-backed platform buys Vietnam hydro project
Nexif Energy, a Southeast Asia-based energy investment platform backed by Denham Capital, has bought a majority stake in a Vietnam hydropower project.
IFM agrees sale of Pacific Hydro to China's SPIC
IFM Investors has agreed to sell Australia-headquartered renewable energy platform Pacific Hydro to China’s State Power Investment Corporation (SPIC).
Australia infrastructure: Size matters
Infrastructure privatizations in Australia are commanding ever higher price tags by virtue of their perceived quality and relative rarity. It is increasingly difficult for smaller investors to compete
Hastings consortium wins $7.5b Australia electricity grid lease
A consortium featuring Hastings Fund Management, Caisse de dépôt et placement du Québec (CDPQ) and the Abu Dhabi Investment Authority (ADIA) will pay A$10.26 billion ($7.5 billion) for the New South Wales government electricity transmission network.
Hony commits $381m to Australia-listed oil player Santos
China's Hony Capital will buy A$500 million ($381 million) worth of shares in Australia-based oil and gas supplier Santos, as part of the company's bid to cut debt by raising A$3.5 billion.
India's ReNew Power raises $265m round
Indian renewable energy producer ReNew Power Ventures has raised a $265 million funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation by existing investors Goldman Sachs and the Global Environment Fund (GEF).
I Squared's India toll road platform buys asset from Madhucon
Cube Highways & Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought an Indian toll road from developer Madhucon Infra.
Australian regulator flags concerns about Brookfield's Asciano deal
Australia’s competition regulator has raised concerns about Canada-based Brookfield Asset Management’s A$8.9 billion ($6.5 billion) cash-and-stock acquisition of listed rail freight and cargo port operator Asciano.
QIC leads $1.3b purchase of Australian gas storage facility
QIC Global Infrastructure Fund has led a consortium to purchase the Iona Gas Storage Facility in Australia for A$1.78 billion ($1.3 billion).
Hudson commits $100m to Japan, Latin America solar partnership
Hudson Clean Energy Partners has teamed up with independent power producer Sky Solar to develop solar projects in Japan and Latin America. The PE firm will contribute $100 million to the partnership.
Brookfield, Kotak acquire Indian road, power projects
Brookfield Asset Management and Kotak Mahindra’s Core Infrastructure India Fund will buy six road and three power projects from Gammon Infrastructure Projects.
Denham, Nexif form SE Asia power investment platform
Denham Capital has partnered with Singapore-based power management company Nexif to form an investment platform that will commit more than $200 million to energy projects in Southeast Asia.
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
MIRA invests $122m in India's Ind-Barath Energy
Macquarie Infrastructure & Real Assets (MIRA) has invested INR7.8 billion ($122 million) in India power producer Ind Barath Power Infra (IBPIL), providing an exit for 3i and PTC Financial Services.
Navis exits ECO Industrial to China's Beijing Capital
Navis Capital Partners sold ECO Industrial Environmental Engineering, a Singapore-based hazardous waste management firm, to Beijing Capital Group (BCG) for S$246 million ($179 million)
Tata Opportunities Fund invests $55m in Tata Projects
The Tata Opportunities Fund (TOF) - the flagship fund managed by Indian conglomerate Tata Group's corporate investment arm, Tata Capital - has invested INR3.35 billion ($55 million) in the group's engineering, procurement and construction (EPC) services...