Infrastructure
GMR Infrastructure nears PE investment in roads business
GMR Infrastructure is close to sealing a INR6 billion ($120 million) private equity investment in its highways business, which will enable the company to finance a INR75 billion project it won last year to build a road between Ahmedabad and Kishangarh...
Tano’s second India fund reaches final close at $111m
Tano Capital, an Asia focused alternative asset management firm, has reached a final close of $111.3 million for its second India private equity fund, having originally targeted $150 million.
Mandala Capital in JV with Australia’s Water Resources Group
Mandala Capital, a South Asia private equity firm that invests in the agricultural sector, has entered into a joint venture with Australia’s Water Resources Group that will target the desalination opportunities in India, Pakistan, Sri Lanka and Bangladesh.
China infrastructure: PE to the rescue?
The era of easy credit in China is over, leaving companies without the means to service debts tied to infrastructure projects. Foreign PE investors are looking for ways to capitalize on the opportunity.
Carlyle, Blackstone in separate talks over Reliance Infratel
The Carlyle Group and The Blackstone Group are in separate talks with Reliance Communications concerning an investment in its telecom tower unit. A deal for Reliance Infratel could come in February or March, subject to agreements on its valuation.
India’s GVK to sell minority stake in Australian business
GVK Power & Infrastructure plans to sell a minority stake in its Australian unit in order to retire debts and fund operations. Private equity investors and strategic partners, working independently or in tandem, are seen as likely buyers.
IL&FS Private Equity buys IL&FS Energy stake for $44m
IL&FS Private Equity, has invested INR2.3bn ($44 million) for a stake in Indian power generation firm IL&FS Energy Development. The two parties have the same parent company.
Warburg Pincus-backed port seeks expansion into Australia
Gangavaram Port, the Warburg Pincus-backed owner of India's deepest seaport, is reportedly in talks to acquire several operational seaports in Australia and Africa.
Saratoga bets on Indonesian energy
Overseas private equity funds often attribute Indonesia’s rising-star status in Asia to its explosive consumer growth story. Many domestic players, however, have gravitated toward resource plays, and energy in particular.
Indian PE deal values reach $7.7b in 2011
India private equity transactions experienced a 24% increase in value and volume this year, with 347 deals valued at a total of $7.7 billion reported during the period.
Ind-Barath seeks funding from TPG, Apollo - report
Ind-Barath Power Infra, an Indian power and infrastructure developer, is reportedly negotiating with TPG Capital and Apollo Global Management to raise $150 million, coming after the company cancelled its plans to launch an IPO amid market volatility.
UTI Capital invests $19m in Indian oil JV
UTI Capital, the private equity arm of UTI Asset Management, has invested INR1billion ($18.8 million) for a 4% stake in Mumbai-based Indian Oiltanking.
Hanhong PE buys Stonewall stake for $13m
China’s Hanhong Private Equity Investment Company has invested $13 million in Stonewall Mining, buying it a 19% stake in the South African gold miner.
IDFC PE and SBI tipped to invest $154m in theme park
IDFC Private Equity and SBI Capital Markets are rumored to be considering investing INR1.2 billion ($154 million) in an INR95 billion theme park development based in India.
IDFC teams with corporates to launch Indian infra JV
IDFC Project Equity Fund has teamed with Mumbai-based Ashok Piramal Group (APG) and Canadian engineering firm SNC-Lavalin Group to launch a joint venture to develop public-private roads and highway projects across India.
Blackstone plans up to $720m annual commitment to India
The Blackstone Group is considering a $500-720 million annual injection into India over the next few years, said Akhil Gupta, the firm's chairman and managing director for the country. He added that the firms has invested nearly $1.8 billion in the market...
Q&A: First Reserve Corp's Jamie Paton
Energy-focused private equity firm First Reserve Corporation set up its first office in Asia earlier this year. Jamie Paton, managing director of the company’s Asia operations, assesses the investment landscape
GIC takes 20% of PE-owned aircrafter leaser Avolon
The Government of Singapore Investment Corporation (GIC) has paid $300 million for a 20% stake in Dublin-based aircraft-leasing group Avolon. The company is owned by private equity firms CVC Capital Partners, Civen and Oak Hill Capitall Partners.
China's debt-ridden Railway Ministry to set up PE fund
China’s Ministry of Railways will set up a private equity fund to support the expansion of the rail network, 21st Century Business Herald reported, citing a source familiar with the situation. The vehicle could raise up to RMB100 billion ($15.7 billion)...
Asian infrastructure: Building blocks
There is no denying the potential for infrastructure investment in Asia. Although the policies and structures governing private equity involvement are improving, it remains difficult terrain.
Blackstone targets $3b global energy fund
The Blackstone Group aims to raise up to $3 billion for its first energy fund, according to people familiar with the situation. Tony James, the private equity firm’s president, said in an earnings call that initial commitments stand at $1 billion.
GVK to divest 26% stake in airport arm to PE for $600m
GVK Power & Infrastructure is looking to divest an approximate 26% stake in its airport subsidiary GVK Airport Developers – the largest stakeholder in the Mumbai and Bangalore airports. The company is in talks with four private equity suitors over the...
Macquarie, SBI target second India infrastructure fund
Macquarie Group and State Bank of India (SBI) are targeting $1-1.5 billion for their second India-focused infrastructure fund. Plans for the new vehicle come as the first fund, SBI Macquarie Infrastructure Trust, which closed in March at $1.2 billion,...
NVP India broadens focus to include into seed, late-stage deals
Norwest Venture Partners (NVP) India is expanding its investment strategy to include seed and late-stage transactions, having previously focused on venture and growth deals. The firm is also broadening its sector coverage to include healthcare, education...