The Canadian pension is in exclusive talks with Leighton Holdings to buy a 70% stake in its telecom assets – including a fibre optic network – which are valued at A$885m.
The joint venture has spent about $38m buying a 74% stake in a 58-km toll road in India. The seller was GMR Group.
The global alternative asset manager has appointed Niel Thassim as head of Asia for its Private Funds Group to drive fundraising for private investment vehicles across its asset classes.
Norway’s proposal to cut tariffs for future Gassled gas transportation contracts by 90% is a rude reminder that regulatory risk is alive and well in 2013.
Jose de Mello and Arcus’ request to take Brisa private has got a conditional nod of approval from the Portuguese regulator. The condition: that the partners present an ‘adequate exit mechanism’ to protect investors that chose not to sell their share when they took over the company last summer.
The insurance company is providing a 30-year, fixed rate tranche as part of a €100m loan put together by Natixis for a French prisons PPP. The deal is the first from a €2bn debt partnership between the French bank and Ageas, signed last October.
The days of trying to squeeze infrastructure funds into a one-size-fits all model are over. But recognising funds’ very different characteristics can produce some interesting challenges – including in the area of incentivisation.
Total’s 5,000km French gas network and storage business – TIGF – has a preferred bidder tabling a €2.4bn offer. The deal could be closed by February 14.
In its second such deal, the UK pension fund is providing £95m of 20-year class B inflation-linked financing to Affinity Water, owned by Infracapital and Morgan Stanley.
Hamish Mackenzie and Nadir Maruf will take over leadership of the infrastructure investment arm of Deutsche Bank following the departure of former head John McCarthy. RREEF Infrastructure is this year hoping to relaunch a fundraising it postponed in 2012.
The Amsterdam-based infrastructure fund manager announced that it has raised €604m for its third infrastructure fund and is ‘well on track’ to hit its €750m hard cap. Final close is due by the end of Q1.
The London-listed infrastructure fund is planning to again tap the market in March for an equity issue in excess of £30m.
The Australian fund manager managed to raise $2bn from 27 institutional investors throughout 2012 – its strongest fundraising in the region since 2009. CalSTRS ended up committing the largest single amount at $500m.
The first fund from Allianz Global Investors’ recently established infrastructure debt team will focus on senior debt, target the UK, and reportedly seek to raise at least £1bn.
The vehicle, which has reached a first close on €201m, will invest in assets and unlisted companies in the biomass, hydropower and solar sectors in Switzerland. Eighteen institutional investors backed the fund’s first closing.