Infrastructure
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
One Belt One Road: Critical mass
One Belt One Road aims to recast two continents’ worth of disconnected developing markets as a global economic nucleus. It is a geopolitical watershed with deep and complex investment potential
KWAP joins investor roster for SE Asia telecom spin-out
Malaysia’s public sector pension fund, KWAP, has joined Innovation Network Corporation of Japan (INCJ) and Khazanah Nasional in backing the spin-out of an infrastructure unit of Southeast Asian telecom company Axiata.
Hastings, First State Super buy Australian state land registry
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
India, UK launch $620m green infra PE fund
The governments of India and the UK have launched a private equity fund with a target of GBP500 million ($620 million) to invest in sustainable infrastructure projects in India.
Q&A: Indonesia Infrastructure Finance's Harold Tjiptadjaja
Harold Tjiptadjaja, managing director at government-backed non-bank financial institution Indonesia Infrastructure Finance, discusses the qualities foreign investors need to navigate the sector
Deal focus: GSSG sharpens focus on Japan solar
A turnaround in Japanese government policy on solar power is responsible for a renaissance in the renewables space. GSSG Solar has earmarked its entire corpus of its $120 million second fund for deployment in the country
US PE firm sells Reliance Home Comfort to HK tycoon Li Ka-Shing
US-based PE firm Alinda Capital Partners has agreed to sell Canadian heating, ventilation and air conditioning (HVAC) firm Reliance Home Comfort to Hong Kong tycoon Li Ka-Shing’s Cheung Kong Property Holdings (CKP) for C$2.8 billion ($2.1 billion).
PEP, CHAMP win approval for New Zealand acquisitions
Pacific Equity Partners’ (PEP) acquisition of food supplier Leader Products and CHAMP Private Equity’s purchase of several shipping and freight assets have won regulatory approval in New Zealand.
Solar-focused GP invests $120m in Japan projects
GSSG Solar, a US private equity firm focused exclusively on the solar energy sector, has agreed to invest at least $120 million in an expansion of its Japanese portfolio.
Greenko receives $155m from GIC, ADIA
Singapore sovereign wealth fund GIC Private has joined the Abu Dhabi Investment Authority (ADIA) to invest $155 million in Indian renewable energy developer Greenko Energy Holdings.
Fairfax India buys stake in Bangalore airport
Fairfax India Holdings has completed its acquisition of a 38% stake in Bangalore International Airport for INR25 billion ($385 million).
Fund focus: Actis leverages energy experience
Having hit the hard cap of $2.75 billion on its fourth global energy fund, Actis will deploy most of the capital in platform-style investments for emerging markets renewables
Actis part exits India's IDFC for $17m
Actis Capital has exited most of its stake in Indian infrastructure finance lender Infrastructure Development Finance Company (IDFC) for INR1.1 billion ($16.9 million).
CPPIB, CDPQ form Southeast Asia logistics partnership
Canada Pension Plan Investment Board (CPPIB) has teamed up with Caisse de Depot et Placement du Quebec (CDPQ) and Australia-headquartered property company Logos to develop logistics projects in Singapore and Indonesia.
Brookfield to acquire SunEdison's yieldco platforms
Canada's Brookfield Asset Management has agreed to buy two energy platforms operated by US-based renewable energy producer SunEdison, including one with over half its total capacity in Asia.
Australia's QIC closes global infrastructure fund at $1.8b
QIC, an investment manager controlled by the Queensland state government, has closed its global infrastructure fund at the hard cap of A$2.3 billion ($1.8 billion), beating the A$1.7 billion target.
Actis raises $2.75b for emerging markets energy fund
Actis Capital has closed its fourth emerging markets energy fund at the hard cap of $2.75 billion, after just seven months in the market. It will invest in Asia, Africa and Latin America.
Providence completes exit from India's Idea Cellular
Providence Equity Partners has exited its remaining 3.3% stake in Indian mobile network operator Idea Cellular for INR12.9 billion ($193 million).
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
INCJ, First Eastern in partial exit from Japanese airline
Innovation Network Corporation of Japan (INCJ) and Hong Kong-based First Eastern Investment Group have agreed to sell a combined 28.3% holding in Japanese airline Peach Aviation for JPY30.4 billion ($271 million).
IFC considers $100m investment in Indian solar
The International Finance Corporation (IFC) has proposed a $100 million investment in Indian infrastructure-focused non-banking financial company (NBFC) L&T Infrastructure Finance (LTIF) to support solar energy projects in the country.
India's PE-backed ReNew raises $200m from Japan strategic
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.
Azerbaijan fund commits $100m to e-Shang Redwood's Japan vehicle
Azerbaijan’s state oil fund (SOFAZ) has agreed to invest $100 million in a Japan-focused logistics vehicle being raised by e-Shang Redwood (ESR), a pan-Asian logistics services company that has a string of private equity backers.