Infrastructure
CDC invests $25m in rural-focused India rail freight business
CDC Group, the UK development finance institution (DFI), has committed $25 million to Indian railway freight handler Pristine Logistics.
Japan's Integral to refinance bankrupt airline
Japanese GP Integral Corp. has agreed to refinance ailing domestic airline Skymark which filed for bankruptcy protection this week.
RRJ, IFC invest $85m in China Everbright Water
RRJ Capital and the International Finance Corporation (IFC) have agreed to subscribe to S$113.5 million ($85 million) in new shares issued by China Everbright Water, a Singapore-listed environmental protection and alternative energy business.
EIG hires CIC's oil and gas head to lead Hong Kong office
EIG Global Energy Partners has hired Yangyang Liu, formerly of China Investment Corporation (CIC) as managing director in its recently-established Hong Kong office.
Fosun unit raises $960m China infrastructure fund
Xingjing Capital, an investment arm under Fosun Property, has raised a RMB6 billion ($960 million) infrastructure fund to invest in public private partnership (PPP) projects in China.
NZ Super, Infratil agree buy RetireAustralia for $521m
New Zealand Superannuation Fund (NZ Super) and infrastructure investor Infratil have bought retirement village operator RetireAustralia for A$640.2 million ($521 million) from J.P. Morgan Special Opportunities Group and Morgan Stanley Real Estate.
Asian LPs back Capital Dynamics' energy, infra fund
Capital Dynamics has closed its clean energy and infrastructure direct investment fund at $462.5 million, with one fifth of the contributions coming from Asian investors.
India's IDFC, Russia's RDIF to invest $1b in infrastructure
IDFC and the Russia Direct Investment Fund (RDIF) will together invest $1 billion in infrastructure and related industries with a view to accelerating economic cooperation between Russia and India.
I Squared Capital to buy India toll road from Malaysia's IJM
I Squared Capital, a PE firm set up by former executives of Morgan Stanley’s infrastructure investment unit, has agreed to buy a toll road in northwestern India from Malaysia-based IJM Corp.
CVC invests $150m in Marubeni's Japan broadband business
CVC Capital Partners has acquired a 50% stake in enterprise-focused Japanese telecommunications carrier Arteria Networks - a unit of Japanese conglomerate Marubeni - for $150 million.
SEBI mulls allowing FVCI infrastructure investments
The Securites and Exchange Board of India (SEBI), India's financial markets regulator, has proposed that Foreign Venture Capital Investors (FVCIs) be allowed to back Core Investment Companies (CICs) in the infrastructure space in a bid to encourage more...
Infrastructure: Building partners
LPs are seeking to boost their exposure to Asian infrastructure through direct investment, either independently or alongside GPs. In a highly varied regional market, there is no one-size-fits-all approach
Australia education: Study your market
In Study Group, Australian tertiary education has a strong example of how PE can support cross-border expansion. But now the smart money is going into vocational and early learning services
IDFC closes second India infrastructure fund at $900m
IDFC Alternatives has reached a final close on its second Indian core infrastructure fund of $900 million. LPs have also pledged significant additional capital for co-investment opportunities.
Partners Group consortium seals Australia PPP rail project
A consortium featuring Partners Group and a string of strategic investors has won the tender to operate Sydney’s North West Rail Link, Australia’s largest public transport infrastructure project and one of the biggest public-private partnerships (PPP)...
KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
OPTrust, Catalyst consortium acquires Australia's SkyBus
A private equity consortium including Canada's OPTrust Private Markets Group (OPTrust PMG) and Catalyst Direct Capital Management has acquired Australian bus route operator SkyBus.
Providence makes partial exit from India's Idea Cellular
Providence Equity has made a partial exit from Idea Celluar, a Indian mobile network operator promoted by Aditya Birla Group, selling a 2.3% stake - or a quarter of its previous holding - for around INR14.1 billion ($234 million) via an open market transaction....
Real assets not overpriced, if you know where to look - AVCJ Forum
There is no shortage of high-quality real assets available to private markets investors despite rising prices in certain areas, industry participants told the AVCJ Real Assets Forum. The onus is on investors to look beyond the obvious.
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
Armstrong commits $29m to Philippines solar project
Armstrong Asset Management and Singapore solar project developer Nv vogt have committed $29 million to the development of a pipeline of solar projects in the Philippines.
EPF buys stake in Malaysian expressway
Malaysia's Employees Provident Fund (EPF) is paying MYR68.7 million ($21.5 million) for a 31.85% indirect stake in the Cerah Sama, concession holder of the Cheras-Kajang Highway.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
Baring-backed Kangda acquires sewage treatment plants
Kangda International Environmental, a Chinese water treatment facility operator backed by Baring Private Equity Asia, has acquired a 90% stake in four sewage treatment plants for RMB270 million ($47 million).