The two funds are the first to merge using an extended public offer licence, allowing the combined entity to maintain two separate brands and leaving open the possibility of other superfunds joining in future.
The transaction marks the energy company’s second investment in a Macquarie Capital-backed offshore wind project in Taiwan.
The partnership has secured $100m from a Korean investment bank and will seek to raise an additional $100m from North American investors.
The objective is to build eNordic into a €3bn holding with a generation capacity of 1.6GW over the next five years.
Hobart International Airport is likely to be the penultimate asset acquired by the QIC Global Infrastructure Fund as it nears full deployment, says global infra head Ross Israel.
The Swiss firm is acquiring a 50% stake in the power generation platform which builds and operates renewables assets and back-up power plants throughout Latin America.
The Canadian pension’s head of infrastructure says there ‘is a great fit between growth supporting infrastructure and infrastructure supporting growth’ in the country.
The sale of Tramlink in the UK to Aberdeen Standard represents the final sale of the €170m 2008-vintage fund, which secured a 15% gross return.
A shorter time frame to completion and the prospect of an extra payment to shareholders helped QIC edge out a rival bid of the same value from OPTrust and Infrastructure Capital.
The move is the first in Europe by the fund, which last month reached $1.6bn of commitments.
The deal marks the French firm’s first investment in the Latin American transportation sector and the first in the region for the $800 million Ardian Americas Infrastructure Fund IV.
The Brisbane-headquartered fund manager has acquired Sea Swift for a little under A$300 million in a move that diversifies away from core infrastructure in its Global Infrastructure Fund.
The winning bidder for the North East Link PPP will design and build twin tunnels under the Yarra River and assume responsibility for maintaining a stretch of road for up to 25 years.
The firm will purchase the stake in the availability-based PPP from InfraRed Capital Partners via its Community Infrastructure Fund, taking the size of that vehicle toward A$1bn.
The takeover of Frankfurt-listed PNE would cost Morgan Stanley close to €300m from its third fund, based on its current offer.