Infrastructure
India PE investment to top $10b this year - Ernst & Young
India may see $10 billion in private equity investments this year, topping the $6 billion recorded in 2010, according to Ernst & Yong, as quoted in local media reports.
CDC to target Asia, Africa investments exclusively
CDC, a development finance institution that makes private equity investments in emerging markets on the behalf of the UK government, will focus exclusively on South Asia and sub-Saharan Africa, following a year-long review of its activities. These areas...
Advantage Partners completes takeover of GTA TeleGuam
Japanese buyout firm Advantage Partners (AP) finally completed its takeover of GTA TeleGuam, Guam’s leading telecom operator.The selling party is Shamrock Capital Advisors, a California-based private equity firm that obtained GTA from the Guam government...
AMP names Davies global head of infrastructure
Australia-based AMP Capital Investors has appointed former Macquarie Capital executive Scott Davies as its global head of infrastructure, replacing Phil Garling who is set to retire.
KKR in talks to raise stake in Indian power company
KKR is to purchase an 11% stake in Avantha Power & Infrastructure for $75 million, taking its total holding in the Indian company to just over 20%. A senior official with the company told the Economic Times that the two parties were in advanced discussions...
AMP in line for UK infrastructure asset
A consortium comprising Australia’s AMP Capital Investors, London-based investment firm Equitix and infrastructure-services firm Balfour Beatty have been named the preferred bidder for Greater Gabbard Offshore Transmission Owners (OFTO) by UK electricity...
Temasek takes stake in Canadian mining firm
Singaporean sovereign wealth fund Temasek Holding has purchased approximately 11% of publicly listed Canadian mining group Inmet Mining Corporation for CAN$500 million ($511million).
Warburg Pincus takes stake in Indian power company
Global private equity firm Warburg Pincus has invested an undisclosed amount into India’s Diligent Power, an emerging power company that develops coal-based thermal energy projects.
ChrysCapital finds a bargain in India's NCC
CHRYSCAPITAL, WHICH CLAIMS TO BE India’s largest investor in the construction business, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
J-Star looks to construction for its 12th deal
JAPANESE PRIVATE EQUITY FIRM J-STAR has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer, marking J-Star’s second deal this year, following the investment into HCM, in-home care provider, and its...
Barrick Gold makes winning bid for Equinox
GOLD AND COPPER ARE NOT infrequently entwined in an ore body. So not surprisingly, some gold miners spin off secondary copper production as a by-product.
ChrysCapital finds a deal in NCC
ChrysCapital, which claims to be India’s largest construction investor, has taken an undisclosed minority stake in Blackstone-backed Nagarjuna Construction Company Limited (NCC).
India's IFCI invests $56m in Gayatri Energy
Gayatri Energy Ventures has reportedly raised INR250 crore ($56.2 million) from the Industrial Finance Corporation of India (IFCI) through the issuance of compulsory convertible debentures, marking the largest-sized tranche ever invested by IFCI.
Unitas takes over Dutch firm Hyva
Unitas Capital has completed its acquisition of 100% of Hyva Holdings B.V., the provider of transport solutions from European private equity firm 3i for EUR 525 million ($761.5 million). London-based 3i was believed to have paid EUR125 million ($160...
IL&FS fully exits warehouse operator to Warburg Pincus
The Leverage India Fund (LIF), a private equity fund managed by IL&FS Investment Managers Limited with $153.5 million under management, has exited its five-year asset Continental Warehousing Corporation (Nhava Seva) Limited via a trade sale to Warburg...
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s Business...
Macquarie SBI invests in GMR Airport
Macquarie SBI Infrastructure has officially invested $200 million in GMR Airport Holdings, a unit of Bangalore-based GMR Infrastructure, which operates two of India’s major airports.
Indian infra sees international activity
In the last week, both foreign and domestic firms have made significant moves dedicated to the Indian infrastructure space. UK headquartered private 3i has participated in the build-operate-and-transfer (BOT) road projects operated by KMC Constructions,...
3i invests in Indian construction major
UK-headquartered private equity firm 3i will invest INR500 crore ($115 million) into KMC Constructions, a build-operate-transfer (BOT) construction firm based in Hyderabad that focuses on India’s road projects.
Pipavav Shipyard sees another PE exit
Three IL&FS divisions have exited a 7.68% stake in Pipavav Shipyard to Ovira Logistics through open market deals, marking the latest private equity exits in the Indian shipbuilder.
Standard Chartered PE makes another Indian exit - reports
Standard Chartered Private Equity-backed energy generator producer Powerica Ltd. has reportedly targeted $200 million for its upcoming June IPO, coming as the latest of Standard Chartered’s exits in the Indian market
Vietnam Infrastructure ups stake in mobile tower builder
Vietnam Infrastructure Limited (VNI), touted as the first publicly traded fund focusing on the country’s infrastructure opportunities, has boosted its stake in telecommunications mobile tower builder Mobile Information Service Joint Stock Company (MIS),...
NSR, IL&FS telco tower operators to merge
Private equity firm New Silk Route’s (NSR) investee Ascend Telecom Infrastructure will merge its telecommunications tower business with India Telecom Infra Ltd. (ITIL), which is 50%-owned by industry peer IL&FS.
Carlyle takes 15% stake in Qube Logistics
Qube Logistics has announced that it has reached an agreement with Carlyle Infrastructure Partners (CIP), a unit of the international private equity giant Carlyle Group, through which the fund will subscribe to up to 91,388,476 shares – or about 15%...