Infrastructure
The crystal ball: Predictions for 2020
Industry experts weigh in as a range of macro factors promise to reshape markets across the region. Political, demographic, and scientific variables loom large
Denham, Nexif acquire Vietnam hydro player
Resources industry private equity firm Denham Capital and Singapore-based power management company Nexif have jointly acquired a 94% stake in Vietnam’s Song Giang Hydropower.
CDPQ takes 25% stake in Australian transport project
Caisse de depot et placement du Quebec (CDPQ) has acquired a 24.9% stake in Sydney's nascent metro rail system as part of a A$167 million ($113 million) investment.
Hudson to privatize Hong Kong’s Sky Solar
US cleantech-focused private equity firm Hudson Sustainable Investments is set to acquire a controlling position in Hong Kong-based and NASDAQ-listed power producer Sky Solar Holdings.
Tech, policy changes the main risks in energy – AVCJ Forum
Technology disruption and short-term policy changes are the two key challenges facing investors in the energy sector, industry participants told the AVCJ Forum.
PE-backed ESR relaunches Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has relaunched a Hong Kong IPO that was pulled in June amidst unrest in Hong Kong and concerns about the valuation.
Anacacia backs Australian industrial consulting business
Anacacia Capital has invested in Root Partnerships, which claims to be one of Australia’s largest independent infrastructure advisory and project management firms.
LPs and infrastructure: Custom connections
LPs are mixing up their approaches to infrastructure as shifts in supply-demand dynamics converge with increased specialization requirements in next-generation projects. Asia remains the unproven goldmine
PE-backed data center platform makes Asia investments
Princeton Digital Group, a Singapore-based data center developer backed by Warburg Pincus, has confirmed three project acquisitions across Asia as part of a $500 million regional expansion.
VIG secures 3.2x return on Korea's HiParking
VIG Partners has agreed to sell Korean parking management business HiParking to Humax, a consumer electronics manufacturer, for KRW170 billion ($141 million).
Australia's PE-backed LBNCo acquired by strategic player
LBNCo, an Australian fiber optic network provider acquired last year by a consortium led by ROC Partners, will be sold to industry peer Uniti Wireless for A$100 million ($67.7 million).
Chinese smart city platform developer raises $283m
China Everbright has led the first phase of Series C round – worth RMB2 billion ($283 million) – for Terminus Technologies, a Chinese supplier of city-level internet of things (IoT) platforms.
Partners Group invests Australian wind farm
Partners Group has made an investment of undisclosed size in an Australian wind power project. It is the firm’s fourth wind farm investment in the country in three years.
GIC to invest $621m in Indian toll road assets
Singapore’s GIC Private has agreed to invest up to INR44 billion ($621 million) in nine toll road assets controlled by Indian private road and highway firm IRB Infrastructure Developers.
LP interview: Media Super
Media Super has distinguished itself among larger competitors in Australia by maintaining substantial exposure to alternatives. PE is fading from the allocation mix but VC beckons
Japan space tech start-up raises $100m
Synspective, a Japan-based satellite developer and orbital data services provider, has raised $100 million in a Series A round with participation from a group including SBI Investment.
Bain forms Asia data center platform
Bain Capital has become the latest private markets investor to back a pan-Asian data center platform with the merger of existing portfolio companies covering China, Southeast Asia, and India.
Brookfield to lead $3.7b investment in Reliance India telecom unit
A consortium led by Brookfield Asset Management has agreed to invest INR252 billion ($3.66 billion) in the telecommunication tower unit of India’s Reliance Industries. It is said to be the largest foreign investment in an Indian infrastructure asset...
SoftBank invests $250m in India's Ola Electric
SoftBank has invested $250 million in Ola Electric, an electric vehicle (EV) company that spun out from Indian ride-hailing platform Ola earlier this year. The new investment reportedly brings Ola Electric’s valuation to over $1 billion.
EQT terminates $2.6b Vocus acquisition
EQT infrastructure has abandoned a bid it extended less than two weeks ago to acquire Australian broadband internet provider Vocus Group for about A$3.3 billion ($2.3 billion).
Chinese state-owned entities launch $723m 5G fund
China’s state-owned Yangtze River Industry Fund and China Information Technologies Group have jointly launched a RMB5 billion ($723 million) fund with a focus on 5G technology.
EQT Infrastructure offers $2.6b for Australia's Vocus
EQT Infrastructure has offered to acquire all the shares in Australia-listed broadband internet provider Vocus Group in a deal that values the company at about A$3.3 billion ($2.3 billion).
LP interview: Natixis
Natixis Investment Managers is leveraging a novel affiliate-manager structure to grow fund exposure in Asia in a sustainable way. Alternatives, and increasingly private equity, are driving much of the progress
Allianz, GLP to invest $600m in Asia logistics
German financial services giant Allianz has committed $600 million to funds managed by GLP, a PE-owned warehouse operator based in Singapore, with a view to investing in logistics in China and Japan.
