Infrastructure
Goldman Sachs, TPG back Asia data center player
Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Deal focus: Equis cracks Australian solar market
Finding a reliable local counterparty for a power purchasing agreement gave Equis the confidence to commit $302 million to solar projects in Australia
EIG supports Australia's Senex
EIG Global Energy Partners has invested in Senex Energy and will partner with the Australian oil and gas producer on several of its projects.
Japan's Advantage exits GTA TeleGuam to US investor
Japan-based Advantage Partners has agreed to sell its controlling stake in GTA TeleGuam, the principal telecommunications provider on the US island of Guam, to US-based family office Huntsman Family Investments (HFI).
Equis to invest $302m in Australia solar projects
Equis Energy has agreed to invest A$400 million ($302 million) in two solar energy projects in South Australia and Queensland, marking the Singapore-based renewable energy-focused GP’s first investment in Australia.
Abraaj acquires Pakistan wind power company
The Abraaj Group has agreed to buy a majority stake in Pakistani wind farm operator Jhimpir Power from energy sector investor Burj Capital.
IMJ, Opt invest $4.4m in Japan's Enechange
Enechange, which manages an energy price comparison site aimed at Japanese customers, has raised JPY500 million ($4.4 million) from Opt Ventures and IMJ Investment Partners.
PE-backed e-Shang Redwood buys Singapore industrial REIT
E-Shang Redwood (ESR), a pan-Asian logistics services company backed by Warburg Pincus, has moved into Southeast Asia with an agreement to buy 80% of Cambridge Industrial Trust (CIT), a Singapore real estate investment trust (REIT) with assets worth S$1.4...
Pakistan PE: Maturing morale
Private equity and venture capital investment activity in Pakistan remains sparse, but early movers are beginning to cut deals with a new sense of confidence as geopolitical and economic issues simmer down
China Exim Bank fund buys Hungary's Invitel from Mid Europa
The China-CEE Fund, which is backed by China Exim Bank and invests in Central and Eastern Europe, has agreed to buy Hungarian fixed line telecom and broadband internet provider Invitel Group for an enterprise valuation of EUR202 million ($214 million)....
4Q analysis: Big ticket bias
Ausgrid deal obscures weak investment environment; fundraising returns to normal after state-backed blitz; China’s IPO market is on the mend, but public market problems undermine Asia exits
INCJ, Khazanah back SE Asian telecom spin-out
Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata
PE-backed e-Shang Redwood gets $300m pre-IPO round
E-Shang Redwood (ESR), a pan-Asian logistics services company backed by Warburg Pincus, has received a $300 million pre-IPO investment from a consortium of Chinese investors.
Australia's Tatts rejects $5.4b bid from PE-backed consortium
Australian lottery operator Tatts Group has rejected a A$7.3 billion ($5.4 billion) buyout offer from a PE-backed consortium, saying the terms are inferior to those in a proposed merger with industry counterpart Tabcorp.
IFC to invest $165m in Bangladesh energy firm
The International Finance Corporation (IFC), the investment arm of the World Bank, has agreed to provide $165 million in debt financing to the Bangladeshi subsidiary of Singapore-based energy firm Sembcorp Utilities.
India's Deep Industries raises $20m from Tridevi
Emerging markets-focused private equity firm Tridevi Capital has invested $20 million in India-listed energy exploration company Deep Industries.
AVCJ Awards 2016: Operational Value Add: China Hydroelectric
NewQuest Capital Partners inspired fellow shareholders in China Hydroelectric to back an aggressive take-private and achieve a seven-fold hike in equity value
Epsilon leads $23m round for India's Pi Datacenters
Epsilon Venture Partners has led a INR1.5 billion ($23 million) Series A round for Indian data center and cloud service provider Pi Datacenters.
PE consortium bids $5.4b for Australia gaming business Tatts
A consortium comprising Morgan Stanley Infrastructure, KKR, First State Super and Macquarie has submitted a buyout offer for Australian lottery operator Tatts Group that values the business at up to A$7.3 billion ($5.4 billion).
INCJ, Khazanah invest $600m in Malaysian telecom player
Innovation Network Corporation of Japan (INCJ) and Malaysian state-controlled fund Khazanah Nasional have agreed to invest a combined $600 million in Kuala Lumpur-based telecom infrastructure company Edotco.
Deal focus: Investing in Australia's winds of change
Partners Group moves early in response to regulatory easing in Australia's renewables space with $186 million wind power bet
Partners Group agrees $186m Australia wind farm deal
Partners Group has invested A$250 million ($186 million) into an Australian wind energy installation that aims to power 110,000 homes and offset 600,000 tonnes of carbon emissions per year.
Warburg Pincus-backed D&J launches $1.5b China infrastructure fund
D&J Industrial Property, a China business park developer seeded by Warburg Pincus, has launched a RMB10 billion ($1.5 billion) fund with AVIC Trust that will invest in industrial infrastructure.
Macquarie, CIC join consortium to buy control of UK gas distributor
China’s CIC Capital and Australia’s Macquarie Infrastructure and Real Assets (MIRA) have joined a consortium agreeing to take control of the UK’s largest gas distribution business for GBP5.4 billion ($6.8 billion).