The new and existing shareholders of Cube Highways look to commit another $1bn to acquisitions in India.
The deal to buy a majority stake in euNetworks comes as the firm continues to garner commitments for its third fund.
Matthew Runkle is appointed managing director of the firm’s newly formed infrastructure arm amid fundraising for $40bn vehicle.
Former co-head promoted as firm raises its third energy fund. Brad Nordholm, who was also co-head, will become vice chairman.
The new vehicle – which could end up raising more than €4bn – will be seeded with MIRA’s UK gas distribution investment.
Netflow, the pair’s joint venture, is in exclusive negotiations with the Victorian government to verify project details as it targets financial close in the coming months.
The Canadian fund manager said it still hopes to develop a scalable communications infrastructure presence in India and is evaluating several portfolios.
The deal allows UK investment firm Northill Capital to gain a foothold in infrastructure, ending a sale process that had been running for almost two years.
PFA and PKA each acquire a 25% stake in the Walney Extension project, set to be the world’s largest offshore wind farm, from Orsted. The deal represents PFA’s largest single infrastructure investment and its first in offshore wind, as the pension looks to deploy some €7bn in private assets.
The UK-based telecoms manager is expected to proceed with the offering in the new year.
Proceeds will be used to buy a US-based portfolio of projects with 130MW capacity, while other potential acquisitions are under review.
The vehicle is targeting $2.5bn and is expected to hold a final close sometime next year.
CDC was part of a nine-member IFC-led consortium lending $653 million for the 800MW Nubian Suns project.
Switzerland-based asset manager Capital Dynamics has bought two wind farms in the UK with a combined capacity of 21.1MW. The projects were acquired from Airvolution Energy, the developer with which CapDyn agreed a funding deal in 2014 for over 140MW of onshore wind sites. The latest acquisitions include the 8.6MW Airfield project and the 12.5MW […]
The Canadian pension fund partnered with New South Wales Treasury Corporation and Sunsuper Superannuation Fund in a move aimed at lowering its airport exposure.