Infrastructure
JBIC, Mitsubishi take stake in Middle East water company
The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
Canada's CPPIB commits $322m to Indian infrastructure
Canada Pension Plan Investment Board (CPPIB) has agreed to invest INR20 billion ($322 million) in L&T Infrastructure Development Projects, a subsidiary of India’s largest engineering and construction company, Larsen & Toubro.
Japan renewables: Policy play
Japan’s response to the Fukushima nuclear crisis has been to draw up plans for the world’s biggest alternative energy market. Foreign investors see solar power as the surest route to sustainable returns
GE invests $24m in India solar plant
GE Energy Financial Services (GEEFS), the energy-focused investment unit of General Electric, has committed $24 million to India's largest solar power project operated by Welspun Renewables Energy.
China to open up infrastructure for private investment
China will open up 80 infrastructure projects for private capital, allowing financial investors to play a greater role in what remains a largely state-controlled sector.
Carlyle vies with local, Chinese bidders for Transpacific NZ - report
The Carlyle Group is expected to face competition for Transpacific Industries Group's New Zealand waste management unit from a competing bid from a local consortium involving two Maori tribes.
Fortress to raise $1.9b for Japan's first infra fund - report
Fortress Investment Group is said to be targeting JPY200 billion ($1.9 billion) for a new Japan-focused infrastructure fund.
Osaka prefecture blocks Lone Star bid for Japan rail asset
US private equity firm Lone Star has seen its winning bid for Japan rail operator Osaka Prefectural Urban Development (OPUD) blocked by the Osaka prefectural government.
MSPEA in take private bid for Sino Gas
Morgan Stanley Private Equity Asia (MSPEA) is supporting a management buyout of Sino Gas International Holdings that values the US-listed Chinese gas distributor at approximately $15.9 million. This would be the third investment from the PE firm's fourth...
SDCL launches $200m UK-China energy efficiency fund
UK-based Sustainable Development Capital LLP (SDCL) has teamed up with with Hong Kong private equity infrastructure firm First Eastern Investment Group to launch a $200 million fund that will invest in energy efficiency projects in the UK and China.
AMP buys Australia schools project from RBS
AMP Capital will acquire a 100% interest in a portfolio of school buildings in Melbourne from Royal Bank of Scotland (RBS). The purchase is being made via the AMP Capital Community Infrastructure Fund, which invests in public-private partnership-style...
Blackstone, Carlyle to bid for Transpacific waste unit - report
The Blackstone Group and The Carlyle Group are said to be among suitors for Transpacific Industries Group's New Zealand waste management unit, with first round bids expected by December 6. Japan's Orix Corp. and New Zealand infrastructure investor Infratil...
CapAsia exits Thai toll road
The floods that devastated Thailand in the second half of 2011 were the country’s worst in 50 years, with the World Bank putting the economic damages at $45.7 billion. Bangkok came under threat in mid-October with outer areas most severely hit. The city’s...
CDC, IDFC co-invest in India's Green Infra
CDC Group will invest up to $25 million in Green Infra, an independent renewable power producer backed by IDFC Alternatives. The GP will add another $23.89 million as part of a $125 million financing round.
Asia real assets: Need returns, will travel
Interest in Asian real assets has surged as investors look to higher growth emerging markets for income and upside. Opportunities run from real estate to infrastructure, and in some cases offer a bit of both
Canada's OPTrust opens Sydney office
Canada’s OPSEU Pension Trust (OPTrust) has opened an office in Sydney, to focus on infrastructure and private equity investment across Asia. This is its second base outside Canada.
Macquarie, SBI invest $18m in Ashoka Concessions
Private equity funds jointly managed by State Bank of India and Australia's Macquarie Group have invested INR1.1 billion ($17.9 million) in Ashoka Concessions (ACL), a toll road builder. The funding is the third tranche of a $150 million (INR 8.307 billion...
Investors see bifurcation in Asia real assets exposure - AVCJ Forum
Investor appetite for real assets in Asia is strong, but infrastructure and real estate players speaking at the AVCJ Real Assets forum in Singapore noted that the nature of demand – between real estate and infrastructure and also between different entry...
Infrastructure fundraising: A beast with two heads
At one end of the market large institutional investors are looking to access Asian infrastructure through separate accounts or independently; at the other, plenty of LPs are still looking to make fund commitments
Q&A: Standard Chartered Bank's Andrew Yee
Andrew Yee, global head of infrastructure at Standard Chartered Bank's principal finance division, gives his views on investment opportunities across Asia, where private equity must work in and around large corporates
China cleantech: Addressing overcapacity
China's cleantech sector was the factory to the world, churning out solar panels and wind turbines for export. After the bottom fell out of the market, domestic demand took center stage - how is PE responding?
Australia's Hastings buys Phoenix Energy from Terra Firma
Australian infrastructure investor Hasting Funds Management has acquired 100% of Northern Irish gas distribution company Phoenix Natural Gas from Terra Firma. Financial details of the transaction were not disclosed.
Asia Pacific Capital completes $25m Series C round for Ciris Energy
Hong Kong-based Asia Pacific Capital (APC) has invested $15 million in Ciris Energy, a US company that converts coal to natural gas, concluding a $25 million Series C round of investment.
ADB-backed infra fund to invest $85m in Philippines wind farm
The Philippine Investment Alliance for Infrastructure (PINAI) fund, a vehicle partly financed by the Asian Development Bank (ADB) and managed by Macquarie Infrastructure Management Asia, is investing up to $85 million in the country's first ever wind...