Infrastructure
SBI Macquarie Infrastructure Fund takes 12% of power project in India
SBI Macquarie Infrastructure Fund, a joint venture between the State Bank of India and Australia's Macquarie Group Limited, has reportedly taken a 12% stake in India's Adhunik Power and Natural Resources for IND125 crore ($26.9 million).
CPPIB launches $3.05 billion bid for Australia's Intoll Group
The Canada Pension Plan Investment Board (CPPIB) has launched an A$3.4 billion ($3.05 billion) takeover bid for Australian road toll operator Intoll Group – a cash offer that comes at a 38% premium over the target's latest closing price.
IFC will inject $152 million in China wind power project
The International Finance Corporation (IFC) will inject $152 million as a long-term loan to Guazhou Xiehe Wind Power Co., Ltd., a project company invested by China WindPower (CW), a PRC-listed integrated wind power generation company.
Olympus enters Tata-Indo mining deal
Olympus Capital Holdings Asia to buy stakes in two Tata Power coal special purpose vehicles (SPVs), Bhira Investment Ltd. and Bhivpuri Investment Ltd., for $300 million – capital that will be allocated to fund the Indian power producer’s future acquisitions...
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...
Istithmar exits SpiceJet for $25.3 million
Dubai-headquartered investment firm Istithmar has made its expected exit from Indian budget carrier SpiceJet, obtaining $25.3 million from a number of institutional investors for its 6.9% stake in the business.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
Reliance/GTL deal may involve Saudi Telecom, ADIA, PE players
The $11 billion merger of Reliance Infratel, the cellular transmission tower arm of India's Reliance Anil Dhirubhai Ambani Group, into Indian independent telecoms player GTL Infrastructure may include investment by Saudi Telecom Co., the Abu Dhabi Investment...
Capital Dynamics launches Oz-led cleantech platform
Switzerland-headquartered private equity asset management firm Capital Dynamics is launching a cleantech direct investment initiative, to be led initially from Brisbane in Australia, the base for David Scaysbrook, newly appointed MD in the Clean Energy...
ICICI Venture hires for infra fund
ICICI Venture, the private equity arm of ICICI Bank, has hired Manikkan Sangameswaran, former chief of Babcock & Brown Infrastructure’s BBI.AX India unit, to head up its new infrastructure business.
Blackstone may invest Reliance towers
The Blackstone Group has formed a consortium with US cellular tower operator Crown Castle International to bid for Reliance Infratel, the tower division of Reliance Communications, Indian's Number Two cellular provider, backed by billionaire Anil Ambani....
Malaysia launches $6.1 billion fund for priority projects
The Malaysian government has announced the planned formation of an MYR20 billion ($6.1 billion) Facilitation Fund to support private sector investment in the country, providing infrastructure and assistance via grants, offtake agreements or similar mechanisms....
Navis bids for Sing shipping container services group
Navis Capital Partners has launched an S$77.4 million ($55 million) bid for Singapore-listed container-services company Eng Kong Holdings, with the intention of taking the company private.
Miranda to step down as IDFC PE CEO
Luis Miranda, incumbent president and CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November, according to a statement from parent group IDFC....
IFC backs NCMSL for Indian agro supply chain
International Finance Corporation (IFC), the World Bank unit responsible for private investment, plans to invest $7.5 million in equity, plus an additional $13 million in debt, into integrated supply chain and risk management services provider National...
Warburg Pincus's Gathani joins RBS
Viral Gathani, previously a principal with Warburg Pincus in Hong Kong, is joining RBS as Head of Energy and Resources, Asia.
CVC, Oak Hil, Cinven back aircraft leasing company
Avolon, an Irish aircraft leasing company with substantial Greater China operations, received a $750 million equity capital commitment from a consortium including Cinven, CVC Capital Partners and US-based Oak Hill Capital Partners.
First Reserve takes high Calibre in Oz
That Australia's mining and metals sector is a powerhouse in global natural resources markets is well known.
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
Infrastructure Q&A: Luis Miranda
Luis Miranda, President and CEO of IDFC Private Equity, talks about the Indian infrastructure opportunity, and international interest.
IDFC Project Equity appoints Aggarwal MD Investments
Leading Indian infrastructure investor IDFC Project Equity has announced the internal promotion of a senior member of its energy team, Aditya Aggarwal, to the post of managing director in charge of investments.
CIC takes 45% of Canada's crude oil trust
Canada's Penn West Energy Trust has formed a joint venture with a wholly owned unit of China Investment Corporation (CIC) to develop the trust's bitumen assets in the Peace River area of Northern Alberta.
Ashmore aims to raise $750 million for new energy fund
Ashmore Investment Management, the London-based emerging markets specialist, and PTC India, formerly known as the Power Trading Corporation of India, reportedly plan to launch a joint new energy-focused, close-ended fund that aims to raise $750 million...
ICICI Venture launches two funds in infrastructure and property
ICICI Venture, the Mumbai-based private equity arm of ICICI Bank, will launch its maiden infrastructure fund over the next few weeks.