Infrastructure
Blackstone buys New Zealand retirement villages from Lend Lease
The Blackstone Group has agreed to buy a portfolio of five retirement villages in New Zealand from Australia-listed property and infrastructure group Lend Lease Group.
GLP, CPPIB establish $877m Japan joint venture
The Japanese arm of Singapore-listed warehouse operator Global Logistics Properties (GLP) and Canada Pension Plan Investment Board (CPPIB) have established a joint venture that will invest an initial JPY100 billion ($877 million) in local logistics projects.
Denham-backed platform buys Vietnam hydro project
Nexif Energy, a Southeast Asia-based energy investment platform backed by Denham Capital, has bought a majority stake in a Vietnam hydropower project.
Australia's Asciano accepts $6.3b Qube-led takeover bid
The board of Australian rail freight and cargo port operator Asciano has accepted an A$8.8 billion ($6.3 billion) takeover bid by a Qube Holdings-led consortium that includes Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation...
KKR to support European solar player's Japan expansion plans
KKR has acquired a majority stake in Gestamp Solar, a Spain-based developer and operator of solar plants that is looking to expand its business in Japan. The deal values the business at approximately $1 billion.
Prologis ups commitment to China logistics venture
Prologis, a global real estate investment trust (REIT), has announced an increase of $882 million in the equity commitment to the Prologis China Logistics Venture.
Portfolio: Armstrong Asset Management and The Blue Circle
Thanks to a strong relationship between their respective founders, Armstrong Asset Management has helped The Blue Circle become an influential player in Southeast Asia’s renewable energy sector
KKR exits stake in India's Dalmia Cement, invests in parent company
KKR has agreed to sell its stake in India's Dalmia Cement Bharat (DCBL) for INR6 billion ($89 million) to the parent company Dalmia Bharat (DBL), and to invest INR6.2 billion in DBL itself.
DBJ, Japan Wind Development to form $423m fund
The Development Bank of Japan (DBJ) and Japan Wind Development (JWD) – a local developer acquired last year by Bain Capital – have agreed to launch a JPY50 billion ($424 million) wind power fund.
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
New Forests invests in Indonesia rubber plantation
Agriculture and timberlands investor New Forests has agreed to invest in a large-scale rubber plantation in Indonesia with local strategic partner Sampoerna Agro.
LeapFrog gets $200m as OPIC commits to emerging markets GPs
The Overseas Private Investment Corporation (OPIC) has committed $200 million to LeapFrog Investments as part of a $1 billion financing drive for development-oriented funds in emerging markets.
Australia infrastructure: Size matters
Infrastructure privatizations in Australia are commanding ever higher price tags by virtue of their perceived quality and relative rarity. It is increasingly difficult for smaller investors to compete
TPG, Tillman to buy telecom towers unit from India's Reliance
Reliance Communications, the telecommunications services division of India's Reliance Group, has agreed to sell its tower assets to TPG Capital and Tillman Global Holdings.
Hastings consortium wins $7.5b Australia electricity grid lease
A consortium featuring Hastings Fund Management, Caisse de dépôt et placement du Québec (CDPQ) and the Abu Dhabi Investment Authority (ADIA) will pay A$10.26 billion ($7.5 billion) for the New South Wales government electricity transmission network.
Hony commits $381m to Australia-listed oil player Santos
China's Hony Capital will buy A$500 million ($381 million) worth of shares in Australia-based oil and gas supplier Santos, as part of the company's bid to cut debt by raising A$3.5 billion.
Southeast Asia cleantech: Shifting priorities?
Cleantech has struggled to establish itself in Southeast Asia due to lack of prioritization from both the public and private sectors. But investors can make headway if the projects appeal on a pragmatic basis
India's ReNew Power raises $265m round
Indian renewable energy producer ReNew Power Ventures has raised a $265 million funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation by existing investors Goldman Sachs and the Global Environment Fund (GEF).
TVS pays $12.5m for Bessemer IEX stake
TVS Capital has paid INR810 million ($12.5 million) for a 4% stake in Indian Energy Exchange (IEX) held by Bessemer Venture Partners.
I Squared's India toll road platform buys asset from Madhucon
Cube Highways & Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought an Indian toll road from developer Madhucon Infra.
PE firms exit US oil assets to Chinese property developer
Chinese real estate developer Yantai Xinchao Industry has acquired two oil assets in West Texas backed by US-based private equity firms ArcLight Capital Partners and Denham Capital.
FTIL sells remaining IEX stake to Multiples-backed Milltec
Financial Technologies (FTIL) has agreed to sell its remaining 5.46% stake in India Energy Exchange (IEX) to Milltec, a portfolio company of Multiples Alternative Asset Management, completing its exit from the company.
Australia oil and gas player Santos rejects PE takeover bid
Australia-based oil and gas supplier Santos has rejected a takeover bid from Scepter Partners, a private equity firm backed by sovereign wealth funds and high net worth individuals in Asia and the Middle East.
PE investors set for part-exits as ATC buys 51% of India's Viom
IDFC Alternatives and Macquarie SBI Infrastructure Management will make partial exits from India-based Viom Networks as American Tower Corporation (ATC) buys a 51% stake in the telecom tower business.