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2 months ago | 
ionanalytics.com | Shaun Drummond |Rouhan Sharma
News (Intelligence) Foresight Australia’s Diversified Infrastructure Trust (DIF) will be wound up and its assets sold over the next three years. The move was disclosed by True Infrastructure – a fund of funds investor in Foresight’s Australian funds, including DIT, the Energy Infrastructure Trust (EIT) and Australian Renewables Income Fund (ARIF) – in its quarterly report for the three months through December.
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2 months ago | 
ionanalytics.com | Shaun Drummond |Stefano Berra |Edith Leung
News (Intelligence) Morrison expects to reach first close on a new USD 2bn Value Add fund by about mid-year, two sources said. The New Zealand-based infra fund manager should be able to establish anchor investor commitments for about a third of the total within a month for the global fund, followed by a first close of about USD 1bn later this year, they said. The fund will target equity investments of about USD 300-500m.
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Nov 28, 2024 | 
ionanalytics.com | Shaun Drummond |Keane Hoo
News (Intelligence) Trans-Tasman listed fund manager Morrison is selling the remainder of its Public Infrastructure Partnership (PIP) fund assets, three sources said. These include a 38.3% stake in the 19km, NZD 1bn (USD 590m) Puhoi to Warkworth motorway north of Auckland and 49% of the Melbourne Convention Centre. Mafic is financial adviser to Morrison on the sale.
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Nov 8, 2024 | 
ionanalytics.com | Shaun Drummond |Edith Leung
News (Intelligence) Amber Infrastructure has sold its 50% stake in Australian company Rail First Asset Management to fellow shareholder CVC DIF, two sources said. Amber sold the holding a few months ago in a reversal of its push into mid-market infra M&A in Australia, the sources said, without disclosing the deal value. A spokesperson for CVC DIF confirmed it had acquired the stake. He did not disclose the sale price.
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Nov 6, 2024 | 
ionanalytics.com | Shaun Drummond |Edith Leung
News (Intelligence) Greenhill Energy has begun market sounding to raise about AUD 200m (USD 131m) to help finance the first two stages of its Riverbend Energy Hub in South Australia, Managing Director Nicholas Mumford told Infralogic. “We are sounding the market for debt and equity and seeking the full amount for stages one and two,” he said in an interview.
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Nov 5, 2024 | 
ionanalytics.com | Rob Clow |Shaun Drummond |Keane Hoo
News (Intelligence) Participants in the Zenith Energy sale are citing two different sale structures. Two sources close to the process said the deal is for a 50% stake, that OPTrust will sell out, Pacific Equity Partners will roll some of its holding into a continuation fund and Foresight will maintain its exposure. Two other sources, also close to the process, said that the structure has not been settled, but could range from 50-100% and OpTrust is a long-term investor.
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Oct 31, 2024 | 
ionanalytics.com | Shaun Drummond |Keane Hoo
News (Intelligence) Transmission Company Victoria (TCV) has preferred groups for the final stage of the AUD 3.5bn (USD 2.3bn) VNI West electricity interconnector delivery/development partner tender in Victoria, two sources said. They include a consortium of Australian major gas pipeline operator APA and French energy giant EDF; and separately Lumea, owned by Transgrid, the NSW electricity network operator, the sources said.
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Oct 4, 2024 | 
ionanalytics.com | Rob Clow |Shaun Drummond |Rouhan Sharma
Bank of America is due to shortlist bidders for Neoen’s Victorian renewables assets this week, according to three sources familiar. Iberdrola and Engie are among those competing for the assets, the sources said. RBC is advising Iberdrola, and Lazard also has an advisory role, they said.
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Sep 16, 2024 | 
ionanalytics.com | Shaun Drummond |Celine Ge |Rob Clow |Rouhan Sharma
Global Switch’s second attempt to sell its Australian data centres has been suspended, four sources familiar told Infralogic. The final bidders were reported by local media in June this month to be the Canada Pension Plan Investment Board (CPPIB) and Stonepeak. Chinese steel manufacturer Jiangsu Shagang, which owns Global Switch, was not prepared to accept the bids offered of around AUD 2bn (USD 1.3bn), the sources said. UBS’ Hong Kong office was advising Shagang, they added.
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Aug 22, 2024 | 
ionanalytics.com | Shaun Drummond |Wong Ka-Chun |Edith Leung
KKR is one of several shortlisted parties in the USD 2.5bn sale of Asia-Pacific logistics business, Loscam, three sources familiar said. Macquarie Asset Management and EQT are likely among the others, one source added. Non-binding offers were lodged in mid-July. Victoria, Australia-based Loscam is one of Asia-Pacific’s leading pallet pooling companies.
