Infrastructure

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...

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...

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...

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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

  • GPs
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

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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?

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Indian infrastructure: Bargain basement

Indian infrastructure has fallen out of favor with investors as the fallout from pre-2009 excesses lingers. However, new opportunities in old deals have some private equity players thinking twice about the sector

Apollo exits Welspun Maxsteel stake to promoter

Apollo Global Management has sold a 12.5% stake in India’s Welspun Maxsteel Limited (WMSL) to parent company Welspun Corp at a 30% discount to the fair market value. It’s the second part of a larger INR22.5 billion ($502.9 million at the time) deal...

money-train-infrastructure
European infrastructure: Bubble at the core

Asian investors are drawn to the diversification and yields offered by European infrastructure, but certain segments of the market are overheating. Prices are getting bid up and returns are likely to be pushed down