Although players in Australia essentially pioneered infrastructure debt, the asset class is not drawing institutional investor interest in the country as quickly as it is overseas.
The toll road business, for which the Australian asset manager paid more than $3bn in 2011, could have a new owner by April next year.
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The French fund manager’s acquisition comes less than a day after Borealis and First State bought the country’s largest power distribution network for €2.55bn.
Fortum, the country’s largest utility, is now looking to sell its Swedish and Norwegian distribution units.
The transaction follows the UK firm’s investment in a 72MW plant last May.
Macquarie Infrastructure and Real Assets is leading a consortium to acquire the Severn power station from DONG Energy.
Partnerships between energy firms and institutional investors are marriages of convenience.
The deal will see the AXA spin-off become a shareholder in the Italian firm’s management company, just days after the duo jointly invested in the country’s second-largest gas utility.
Emerging market unlisted infrastructure fundraising has already surpassed 2012.
The US infra investment firm has acquired a majority stake in the San Antonio midstream energy company for an undisclosed amount.
The investment manager will acquire a majority stake in a 68MW wind farm in Texas being developed by OwnEnergy.
The Nebraska-based asset manager has completed its acquisition of US Power Generating Company (USPG), gaining entry into the NYC market.
The firm’s ACEI division, currently on the road to raise $1bn, aims to deploy up to $800m on the African continent over the next four years.
Fresh commitments by USS, PGGM and OPTrust add to the €400m the FCC-Bankia joint venture had previously raised in 2011.
As managing director, Ronnie Hawkins will lead EIG’s international investment activities.