Infrastructure
Australia institutional investors buy 49% in Telstra's towers unit
Future Fund, Commonwealth Superannuation Corporation, and Sunsuper have agreed to buy a 49% interest in Telstra’s Australian mobile tower network at a valuation of A$5.9 billion ($4.4 billion).
Fidelity backs $131m Series A for China citytech platform Venturous
Venturous Group, a Chinese smart city platform, has received $131 million in Series A funding from Fidelity, several family offices, and Benson Tan, founder of Venturous.
Alibaba Cloud to invest $1b in Asia start-ups
Alibaba Cloud, the cloud computing and artificial intelligence unit of the eponymous Chinese internet giant, has pledged to invest $1 billion in Asia Pacific start-ups over the next three years.
Paddy Sinha joins India government infrastructure fund
Paddy Sinha, formerly managing partner of Tata Opportunities Fund, has become executive director and CIO for private equity at India’s National Investment & Infrastructure Fund (NIIFL).
Vietnam SOEs: Diverted divestments
Murky accounting and politics have rapidly decelerated the privatization of Vietnam’s government-owned companies in recent years. Private equity is biding its time and testing creative inroads
Quadrant backs Australia's TSA, Livingbridge exits
Quadrant Private Equity has invested an undisclosed sum in TSA Management, an Australia-based project consultancy business, taking out existing backer Livingbridge in the process.
MIRA makes $2.6b bid for Australia's Vocus
Macquarie Infrastructure & Real Assets (MIRA) has offered to acquire Australian broadband internet provider Vocus Group for about A$3.4 billion ($2.6 billion). It follows a string of abandoned bids.
AVCJ Awards 2020: Exit of the Year - Mid Cap: EMC Holdings
Taking full ownership of EMC Holdings wasn’t on Affirma Capital’s agenda, but it performed a successful pivot when the business started moving in the wrong direction
Vista founder calls for investment in Asia tech infrastructure
Vista Equity Partners is keen to invest in Asia’s financial technology space, but founder Robert F. Smith stressed that governments must put in place the appropriate regulatory infrastructure.
KKR closes Asia infrastructure fund at $3.9b
KKR has reached a final close on its first Asia Pacific-dedicated infrastructure fund at the hard cap of $3.9 billion. It is being called the largest pan-regional infrastructure fund ever raised.
Indian government infrastructure fund closes at $2.3b
NIIF Master Fund, a rupee-denominated infrastructure investment vehicle backed by the Indian government, has achieved a final close of $2.34 billion, beating its $2.1 billion target.
India renewables platform Ayana receives $70m
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
DCP, CPE make $300m China data center play
DCP Capital Partners and CPE – formerly CITIC Private Equity – have led a $300 million investment in Hotwon Group, a Chinese cloud computing infrastructure services provider.
AMP Capital acquires Australian prison
Australia’s AMP Capital has acquired 100% of Hopkins Correctional Centre 200 kilometers west of Melbourne for an undisclosed sum.
CVC acquires Myanmar telecom towers business
CVC Capital Partners has agreed to buy Irrawaddy Green Towers (IGT), Myanmar’s largest independent telecommunications infrastructure provider.
Infratil rejects $3.8b AustralianSuper takeover offer
New Zealand-listed infrastructure investor Infratil has rejected a takeover offer from AustralianSuper that values it at around NZ$5.4 billion ($3.8 billion).
AIIB backs ADM's renewable energy debt fund
Asian Infrastructure Investment Bank (AIIB) has committed $100 million to an Asia-focused debt fund dedicated to renewable energy managed by Hong Kong’s ADM Capital.
Fund focus: Equis’ infrastructure overhaul
Swapping a traditional fund for a less familiar corporate vehicle represented a gamble for Equis, but the Asian infrastructure manager was confident its approach would make sense to a subset of investors
Warburg Pincus set for another partial exit from ESR
Warburg Pincus has agreed to make another partial exit from ESR, the pan-Asian logistics real estate platform it established in 2011 and took public last year, which will see its stake fall to 4.56%.
CDH hits first close on China data center fund
CDH Investments has reached the first close of RMB1.5 billion ($228 million) on a data center industry fund. Part of the Chinese GP's mezzanine strategy, the vehicle has a full target of RMB2 billion.
ADIA, OTTP invest $1.2b in renewables-focused Equis
Abu Dhabi Investment Authority (ADIA) and Ontario Teachers’ Pension Plan (OTTP) have confirmed a $1.2 billion investment in Asia-focused renewable energy owner-operator Equis Development.
Manulife backs spinout from Hong Kong’s JIDA
Manulife Investment Management is supporting the spinout of the team at Hong Kong infrastructure investor JIDA Capital, acquiring a significant minority stake in the new GP.
KKR backs Philippines telecom tower operator
KKR has invested an undisclosed sum in Philippines-based telecom tower operator Pinnacle Towers with a view to helping it expand into a regional platform.
KKR launches India renewable energy platform
KKR has launched a renewable energy platform in India called Virescent Infrastructure, which will build out a portfolio primarily comprising investments made by KKR’s existing infrastructure business.
