Infrastructure
TPG, Oaktree, Anchorage ready to back Alinta recap
TPG Capital - through its TPG Opportunities Partners special situations vehicle and private equity funds - with Oaktree Capital and Anchorage Advisers are preparing a recapitalization deal for Australian power generator Alinta Energy, previously Babcock...
Private equity-backed Gujarat Pipavav Port makes strong debut onto Indian stock exchange
Gujarat Pipavav Port Ltd., a container terminal backed by PE firms including IDFC, made a strong debut on India's National Stock Exchange, trading at a 22% premium at INR56.1 ($1.21) from its INR46 ($.99) issue price.
First Eastern backs Japanese low-cost airline with ANA
First Eastern Investment Group, the leading private equity firm based in Hong Kong and headed by Victor Chu, will take a 33.3% stake in Japan’s first-ever budget airline company alongside All Nippon Airways (ANA), which will hold 39%.
Reliance Capital to take stake in Action Construction
Reliance Capital is reportedly set to take a 3.2% stake in Action Construction Equipment Ltd. though a preferential allotment.
Reliance/GTL deal off
The $11 billion merger of Reliance Infratel, Reliance Anil Dhirubhai Ambani Group's cellular tower arm, and Indian independent telecoms major GTL Infrastructure, has been called off after parties failed to reach an agreement, nixing prospects for investment...
GMR to exit waste-processing project - reports
Bangalore-based infrastructure firm GMR Energy is reportedly set to exit its waste-processing project at the Ghazipur landfill, a clean-energy endeavor it launched with its subsidiary Delhi International Airport Ltd. (DIAL) to convert solid waste into...
South Korea's NPS eyes US-based Colonial Pipeline
Korean SWF National Pension Service has emerged as a possible player to take a 23% stake in US pipeline operator Colonial Pipeline Company.
Evolvence partially exits Consolidated Construction Consortium
Evolvence Capital has begun its divestment process in India’s Consolidated Construction Consortium Ltd. (CCCL), an asset it has been linked to for nearly five years and ushered onto the public stock market.
IFDA launches in New Delhi for Indian infrastructure
The Infrastructure Finance & Development Asia India Summit 2010 opened for its inaugural conference at the Shangri-La Eros Hotel in New Delhi last week, under the umbrella theme, “Setting Priorities and Mapping Goals for India’s Second Decade of Infrastructure.”...
CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July.
Funding Asian infrastructure: The ancillary factors
With infrastructure funds still evolving in terms of their structure, and more and more shifting focus to Asia, participants in the sector are reporting a shift from the original dividend yield story as the focal point to much more of a capital appreciation...
ChrysCapital raises stake in Gammon India to 9%
PE firm ChrysCapital Management has strengthened its ties to Gammon India, raising its stake in the infrastructure firm from less than 7% to 9% following an INR60 crore ($13 million) investment.
China's Huaneng Group, Ontario Teachers eye GMR's US investee
US-based power utility InterGen NV., 50:50 owned by India’s GMR Infrastructure Ltd and Canadian LP Ontario Teachers’ Pension Plan, is in talks to divest half of the company to suitors, including China’s largest energy company China Huaneng Group...
India: What to build and where to build it
Fact vs fiction in infrastructure opportunities
TPG said to be supporting Alinta restructuring
TPG Capital has been in discussions with Alinta Energy, one of Australia's leading power generation groups, for its debt investment arm to support a restructuring of the business as it explores options, including asset sales, to pay off some A$2.7 billion...
Macquarie SBI fund picks up Quippo stake
The Macquarie SBI Infrastructure Fund has made an INR1400 crore ($304 million) investment in Viom Networks, a cellular telecoms tower company formerly known as Quippo-WTTIL, for 11% of the group, with another investor, possibly WL Ross & Co., also participating.
CPPIB Intoll discussions ongoing
Canada Pension Plan Investment Board is still in discussion with Australian ASX-listed toll road player Intoll Group over its $3.44 billion privatization offer, according to a statement from the target.
Anil Ahuja of 3i Asia Pacific
Anil Ahuja, head of 3i Asia Pacific, explains at length the investment opportunities within India’s infrastructure industry – noting that power, especially, offers investment options – and further discusses why entering infrastructure deals with...
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
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 on the road again in Oz with Intoll
The Canada Pension Plan Investment Board (CPPIB) has returned to its pursuit of Australia-headquartered toll road groups with an A$3.4 billion ($3.05 billion) privatization proposal for Australian road toll operator Intoll Group – a cash offer at a...
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...