Infrastructure
Macquarie retrenches infrastructure vehicles
Macquarie Group has made a broad pullback in the infrastructure fund sector that has been long associated with the Australian investment bank. Changes include offering investors a fee discount; sacking 60 of its infrastructure staff, around 10% of the...
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
India's GVK Power said still in talks with SCPEL, TPG
GVK Power and Infrastructure Ltd., an arm of Indian conglomerate GVK, is continuing talks with TPG Capital, Standard Chartered Private Equity Ltd. (SCPEL) and Morgan Stanley's infrastructure fund to invest some $250-300 million for up to 30% of its Mumbai...
KKR takes stake in Avantha Power
Kohlberg Kravis Roberts & Co. has become the latest leading private equity firm to tap into India's infrastructure sector, with an INR217 crore ($49 million) pre-IPO investment into Avantha Power & Infrastructure Ltd., a division of the $4 billion Avantha...
Inside India’s infra riddle
Will the needed upgrades come?
Soros-invested Hainan Airlines launches air leasing private equity fund for China
PRC carrier Hainan Airlines has announced plans for China's first dedicated aircraft leasing private equity fund, with an RMB5 billion ($747 million) target and focused on domestic opportunities.
India's Highstreet nearing first close on India Infra Fund
Highstreet Capital, a new Indian private equity firm, is nearing a $50-70 million first close on its first fund, the India Infrastructure Fund, with sponsors and anchor investors the Bhartia family, promoters of Jubilant Organosys and Life Insurance Corp.
Eredene Capital appoints Paul Gismondi, Robert Arnold as non-Executive Directors
India- and infrastructure-focused PE fund Eredene Capital has appointed Lazard & Co. MD Paul Gismondi and former Willis Faber & Dumas partner Robert Arnold as non-Executive Directors.
Alinta’s future hinges on private equity consortium deal
Australian power generation company Alinta Energy Group has been in talks with TPG Capital’s debt investment arm, TPG Opportunities Partners, to restructure the company, pending the outcome of an earlier proposal by the company for trade sales plus...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
MD of Macquarie SBI departs fund
Managing Director of Macquarie SBI Infrastructure Management Ambalika Banerji has reportedly resigned her Mumbai-based post after eight years with the company.
India: What to build and where to build it
Fact vs fiction in infrastructure opportunities
AMP launches infrastructure-focused operations in New York
Following news earlier this month that Australian-based AMP Capital Investors would expand its investment focus to include infrastructure, with the launch of a global fund, the group announced that it will bolster its overseas operations through the launch...
Macquarie SBI fund picks up Quippo stake
The Macquarie SBI Infrastructure Fund has made an INR1400 crore ($304 million) investment in Viom Networks, a cellular telecoms tower company formerly known as Quippo-WTTIL, for 11% of the group, with another investor, possibly WL Ross & Co., also participating.
Inno Group refocuses Indian investments into in-house projects
Real estate and infrastructure-focused private equity firm Inno Group has shifted its investment strategy in India away from third-party investment in favor of its own development projects in the market in an effort to corral its risks.
Anil Ahuja of 3i Asia Pacific
Anil Ahuja, head of 3i Asia Pacific, explains at length the investment opportunities within India’s infrastructure industry – noting that power, especially, offers investment options – and further discusses why entering infrastructure deals with...
CPPIB on the road again in Oz with Intoll
The Canada Pension Plan Investment Board (CPPIB) has returned to its pursuit of Australia-headquartered toll road groups with an A$3.4 billion ($3.05 billion) privatization proposal for Australian road toll operator Intoll Group – a cash offer at a...
Money Matters to raise up to $160.5 million for infrastructure fund
Money Matters Financial Services, a Mumbai-based advisory and investment banking firm, reportedly aims to raise as much as INR750 crore ($160.5 million) for an infrastructure fund, for which it has already pledged INR20 crore ($4.3 million).
IFC, FE Clean invest Bhilwara Energy
The International Finance Corporation (IFC) and Indian private equity firm FE Clean Energy have jointly invested $50 million 50:50 into Noida-headquartered Bhilwara Energy Ltd., a hydroelectric power and manufacturing group, for a 10.8% stake.
IDFC collects from Khazanah, Actis
Indian infrastructure finance leader Infrastructure Development Finance Co. (IDFC) is to raise INR840 crore ($179 million) through an institutional placement of convertible preference shares to current investor Malaysian SWF Khazanah Nasional and UK private...
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging...
Eredene invests India's Ennore Port terminal
London AIM-listed Eredene Capital, an India-focused real estate and infrastructure investment firm, has led a consortium to win the rights to build and operate the Ennore Port container terminal project in Tamil Nadu, along with Spanish and Indian industry...
Capital Dynamics launches Oz-led cleantech platform
Switzerland-headquartered private equity asset management firm Capital Dynamics is launching a cleantech direct investment initiative, to be led initially from Brisbane in Australia, the base for David Scaysbrook, newly appointed MD in the Clean Energy...