Infrastructure
Standard Chartered-backed Malakoff to list in 2013
Malakoff, the Standard Chartered Private Equity-backed power unit of Malayasian building firm MMC Corporation, has outlined plans for an IPO in 2013.
Cleantech: Moving beyond subsidies
With its reputation for lackluster returns and dependence of government support, investors have shied away from cleantech, but GPs are bullish about its ability to stand on its own feet
Saratoga, Provident sell Tower Bersama shares - report
Saratoga Capital and Provident Capital have reportedly sold a combined 4.4% stake of Tower Bersama Infrastructure, an Indonesian telecom tower business, through a private placement that fetched as much as IDR1.2 trillion ($125 million).
China Life to support Suzhou infrastructure fund
China Life has partnered with the government of Suzhou to roll out a RMB10 billion ($1.6 billion) infrastructure fund. It said to be the first private equity infrastructure fund launched by a domestic insurer.
PE-backed Bharti Infratel set for IPO next month – report
Bharti Infratel, the Indian telecoms infrastructure subsidiary of Bharti Airtel, is expected to launch its $900 million IPO next month. The intended flotation – which has been mooted for more than a year – will be the country’s largest in two years...
Tata Capital to set up $1b fund with Power Finance
Tata Capital has teamed up with Power Finance Corp (PFC), an Indian power sector financing specialist, to set up a $1 billion private equity fund to invest in domestic power projects.
CIC buys stake in Heathrow Airport Holdings
China investment Corporation (CIC) has bought a 10% stake in Heathrow Airport Holdings from Spanish builder Ferrovial and other investors for GBP450 million ($725 million).
Quay Partners appoints Australia investment manager
John Zaknic has joined Quay Partners as an investment manager in Sydney. The appointment is one of a series of senior hires as the Australian fund-of-funds and advisory firm builds its newly established infrastructure team.
China Everbright-Macquarie infra fund makes first investments
The Greater China Infrastructure Fund, a $1.5 billion vehicle jointly launched by Macquarie Group and China Everbright, has made its first investments in two Chinese companies.
Nomura to launch Indian infrastructure fund next year
Japanese financial group Nomura Holdings has announced it will launch an India-focused infrastructure fund as early as next year.
IFC to deploy up to $600m in Indonesia next year
International Finance Corporation (IFC), the investment arm of the World Bank, plans to deploy $400-600 million in Indonesia during the 2013 fiscal year, having committed $300 million to eight projects in 2012.
Nalanda Capital makes more than 2x return on Shree Cement
Singapore-based private equity firm Nalanda Capital has sold a 1.61% stake in north India’s largest cement producer Shree Cement for INR2.13 billion ($40.9 million) through a bulk deal on Bombay Stock Exchange. The partial exit generated a money multiple...
Australian infrastructure: Changing tastes
Australia’s superannuation funds are active infrastructure investors, but the size and nature of commitments to the asset class are influenced by past experience, available resources and risk appetite
Carlyle names Robert Mancini co-head of infrastructure fund
The Carlyle Group has appointed Robert Mancini from Goldman Sachs as managing director and co-head of its global infrastructure fund. He will work alongside founding co-head Robert Dove and is expected to start the new role by year-end.
Bain, KKR target 30% stake in Lanco power business - report
Bain Capital and KKR are reportedly in discussions with Lanco Infratech to buy a 30% stake in its power projects. Lanco has been trying to raise around $750 million in equity since the start of the year.
Equis invests $200m in Thai solar assets
Singapore-based infrastructure GP Equis Funds Group has reportedly channeled $200 million into acquiring 100% of a portfolio of solar energy assets in Thailand.
Philippines launches first infra fund
The decision to become the first-ever Philippines-dedicated infrastructure fund can’t have been easy one. As with any vehicle, a number of criteria needed to be in place to ensure the success of the Philippine Investment Alliance for Infrastructure...
Daewoo to set up $1b fund with US partner
South Korean brokerage Daewoo Securities’ Hong Kong unit has reportedly teamed up with a US-based private equity firm to set up a $1 billion fund to invest in social infrastructure projects.
Colonial First State buys TDF’s broadcasting assets in Finland
Colonial First State, an Australian wealth manager owned by Commonwealth Bank of Australia, has agreed to buy French broadcasting group TDF’s Finland business. The company, known as Digita, owns Finland’s largest broadcast tower network as well as...
Macquarie raises $625m for Philippines’ first infra fund
Macquarie Group has announced a first and final close on $625 million for its Philippine Investment Alliance for Infrastructure (PINAI). It is the first-ever Philippines-dedicated infrastructure fund.
Morrison & Co raising $1b for NZ infra fund
Australasian infrastructure investor Morrison & Co. is reportedly looking to raise up to $1 billion for a private equity fund that will target low-risk global infrastructure projects.
3i India completes investment in Supreme Infrastructure
3i India has completed its minority investment in a portfolio of four road companies held by Supreme Infrastructure India (SIIL), a Mumbai-based infrastructure company.
BlackRock to acquire Swiss Re Private Equity Partners
BlackRock is buying Swiss Re Private Equity Partners (SRPEP), the European private equity and infrastructure fund-of-funds arm of Swiss Re. The transaction will allow BlackRock’s existing FoFs group – BlackRock Private Equity Partners - to extend...
Australia's Hastings raises $626m for infrastructure fund
Hastings Funds Management announced that its Utilities Trust of Australia (UTA) has reached a first close on its infrastructure fund with commitments of A$610 million ($626 million). The amount is in line with expectations outlined in January 2012 and...