Infrastructure
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.
CP2 fails to block Transurban share sale
CP2 Ltd., the Australian infrastructure investor that partnered with Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP) in the attempted A$7.2 billion ($6.4 billion) privatization of local toll road operator...
China International Fund backs $2.7bn Bellzone Guinea project
The China International Fund Ltd. (CIF), a little-known Hong Kong-incorporated infrastructure investment entity, is to fund a $2.7 billion plan to develop the Kalia Iron Project, a magentite mining facility in the Republic of Guinea in West Africa, held...
First Reserve takes high Calibre in Oz
Majority stake shows strength of mining services
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.
INCJ seeks Australian water business
Innovation Network Corporation of Japan (INCJ), the government-backed public/private fund, has agreed to acquire United Utilities Australia (UUA), a wholly-owned subsidiary of United Utilities PLC, the UK's largest listed water company, alongside Japanese...
Movement in Pakistan with Shell LPG bids
Private equity in Pakistan has shown unprecedented activity with a competitive auction developing for Shell Petroleum's stake in Shell Gas Pakistan between JS Private Equity and local strategic Jamshoro Joint Venture Ltd, as well as a possible third bidder.
Hopu investee Winsway appoints IPO advisors
Chinese coking coal logistics company Winsway, partly owned by a Hopu Investment Management-led investment consortium, has reportedly appointed Goldman Sachs and Deutsche Bank as advisors on its planned Hong Kong IPO, in which the company expects to raise...
Actis JV with Tata targets up to $2b
Realistic expectations for Indian roads investments
Transurban rejects higher CPPIB/OTPP bid
Australian toll road major Transurban Group has rejected a higher takeover bid of A$7.2 billion ($6.4 billion) from the Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan (OTPP), along with local fund manager CP2 Ltd....
Temasek, Hopu invest Chesapeake Energy
Singapore SWF Temasek Holdings and multi-strategy regional firm Hopu Investment Management are making a joint $600 million investment in Chesapeake Energy Corp., a major US developer of natural gas and oil resources.
CPP IB OTPP Transurban bid may fail on share sale
The Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP)’s joint A$6.8 billion ($6.2 billion) bid for Australian toll roads operator Transurban Group may fail due to the target's decision to sell A$542 million ($490.5...
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
Goldman and Macquarie close infra funds below target
After nearly two years in the market, both Goldman Sachs and Macquarie Group have closed infrastructure-focused private equity funds, with much more fundraising difficulty than they encountered with their last vehicles.
Hopu, CDB in Indonesia rail move
In its latest diversification move, Hopu Investment Management has partnered with an investment unit of China Development Bank to help fund a $1.3 billion rail project with Indonesian state coal miner PT Tambang Batubara Bukit Asam.
Dissecting the Asian infrastructure opportunity
The sky is the limit for infrastructure investing, but how do firms actually tap into the prospects?
GMR seeks further funds after Temasek
After recently agreeing a $200 million investment deal with Singapore SWF Temasek Holdings for its GMR Energy arm, India's GMR Group has indicated that it still seeks a further $100 million of private equity investment.
Ashmore partners with PTC on India fund
Ashmore Investment Management, the London-headquartered emerging markets investment manager, has partnered with PTC India, a power trading solutions company, on a private equity fund to be launched later in the year, according to PTC.