While declining to make a declaration of unacceptable circumstances over Lend Lease’s proportional takeover offer for the listed retirement village fund, the Australian Takeovers Panel requested the two parties not execute the first part of their agreement before the shareholder vote on 17 November.
2 min read · 05 January 2013
Market conditions worldwide are darkening, but the infrastructure asset class will likely be among the first to see the sun, writes Cezary Podkul.
2 min read · 05 January 2013
With announced deal volumes totalling $3bn in the first eight months of the year, infrastructure and real estate are proving to be resilient investment targets in a year that has seen Indian private equity deal value drop by 20% through September.
1 min read · 05 January 2013
Marking the Latin American infrastructure-focused private equity firm’s largest equity commitment in the region, Conduit will buy a 50% equity stake in Brazilian hydroelectric developer GLEP in a deal said to be in excess of $50 million.
2 min read · 05 January 2013
The Namibian joint venture between affiliates of South Africa’s Old Mutual Group will seek a black empowerment enterprise partner for the stake. The fund is targeting investments of around $360m in infrastructure, mining and private equity in 2009.
2 min read · 05 January 2013
Exceeding the initial fundraising target by $900m, the Omaha-based private equity affiliate of energy producer Tenaska Energy will seek to invest the second fund across the same sectors as its first US energy fund, which closed on $838m in 2005.
2 min read · 05 January 2013
Citing deteriorating economic and financial market conditions and increasing cost of capital, Canadian pension’s infrastructure investment unit has lowered its bid for the Toronto Stock Exchange-listed income fund by about C$116m.
2 min read · 05 January 2013
Aimed at becoming one of the largest owners and operators of cattle and sheep farms in the world, the fund is close to reaching its goal of raising A$1bn to A$1.3bn, says fund director Tim Hornibrook.
2 min read · 05 January 2013
Michael Queen told delegates at PEI's Infrastructure Investor Forum in New York that listed funds are better shielded from ‘flip pressure’ than closed-end vehicles, despite difficulties in constructing a tax-efficient carry scheme.
2 min read · 05 January 2013
The city will look to invest in domestic infrastructure funds after making an initial investment in the asset class earlier this year and taking a beating in its US equity allocation over the last few weeks, according to New York City Comptroller William Thompson.
2 min read · 05 January 2013
