The fund has acquired a 100% stake in the Universidad Politecnica de San Luis Potosi from Spanish developer Acciona.
The Government of Singapore Investment Corporation has stockpiled cash during the year to March 31 as it awaits better investing conditions. Adopting a cautious outlook, the sovereign wealth fund nonetheless increased its allocation to alternative assets by 1 percent.
The Philippine Investment Alliance for Infrastructure, the country’s first-ever infrastructure fund, has closed on $625m backed by the Philippine’s largest pension fund, Dutch pension provider APG, the Asian Development Bank and Macquarie Infrastructure and Real Assets. The latter also manages the fund.
The bank, in which the UK government owns a 41% stake, said it will channel the funds to projects that form part of the government’s infrastructure plan in areas including energy, transportation and other core infrastructure.
The fund is a partnership between Kasikornbank and solar developer SPCG. It will target seven projects being developed by SPCG with a generating capacity of 52MW.
China Investment Corporation saw its total assets grow to $482bn in 2011 but registered a loss of -4.3 percent for the year. To mitigate current volatile market conditions, the state fund has continued to increase its exposure to alternative assets.
Nine banks have backed Antin and Macquarie in refinancing some €480 million of debt for the French oil storage company. The refinancing was concluded about three years before the original seven-year debt package matured.
The Australian natural gas firm has reignited the bidding war for the Hastings Diversified Utilities Fund with a A$1.33bn offer, beating the A$1.25bn tabled by a consortium of Caisse de depot et placement du Quebec and the Utilities Trust of Australia fund.
The Hong Kong investor led a consortium that has just acquired Wales & West Utilities, which manages some 35,000km of gas pipelines across Wales and England. The deal effectively doubles Cheung Kong’s UK gas network, adding to the 37,000km of pipelines it already owns.
Real Infrastructure Capital Partners has managed to raise $50m from a group of development institutions to hold a first close for its Latin Renewables Infrastructure Fund. The latter is targeting a final close of $150m to $200m.
A syndicate of 17 banks backed the French developer in its refinancing of an existing €2bn facility maturing in December 2013. The new €1.78bn syndicated facility has a five-year term.
The Australian fund manager has been selected by the RBS Group Pension Fund – a pension fund linked to UK banking group RBS – to develop and manage private market infrastructure assets.
Brisa’s main shareholders – Jose de Mello and Arcus – have increased their takeover offer by €0.10 to €2.76 per share, or €726m.
The French fund manager has invested €9m in ForVEI, previously a joint venture between VEI Capital and Luxco 2 targeting solar investments in Italy.
The Canadian pension, together with Utilities Trust of Australia, has made its previous A$1.25bn offer for Australian gas pipeline operator Hastings Diversified Utilities Fund binding. All eyes are now on rival bidder APA Group’s ability to come up with a higher offer.