The Ontario Teachers' Pension Plan, one of the world's biggest infrastructure investors, achieved a 13 percent rate of return on its investments in 2015, Reuters reported. The performance last year by Canada's third-largest public pension plan compared with an 11.8 percent rate of return in 2014. The fund's net assets grew to a record $171.4 billion at the end of 2015 from $154.5 billion a year earlier.
1 min read · 30 March 2016
Goldman Sachs Group Inc (GS.N) closed the first stage of fundraising for its newest infrastructure fund with about $1.5 billion, Reuters News reported.
1 min read · 30 March 2016
Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, Reuters News is reporting.
1 min read · 30 March 2016
(Reuters) China’s Anbang Insurance Group Co raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, Starwood said on Monday, in the latest challenge to the U.S. hotel operator’s merger with Marriott International Inc. Anbang’s consortium, which includes private equity firms J.C. Flowers & Co and Primavera Capital Ltd, has offered $82.75 per share in cash, in what is reasonably likely to lead to a proposal that is superior to the deal with Marriott, Starwood said on Monday.
3 min read · 29 March 2016
Australia’s Qube Holdings Ltd and Canada’s Brookfield Asset Management are raising a US$753 million loan to help pay for the ports business of Asciano Ltd, in a carve-up of Australia’s largest ports and rail operator, sources told Reuters. Five banks – Australia & New Zealand Banking Group, Commonwealth Bank of Australia, Citigroup, National Australia Bank and Sumitomo Mitsui Banking Corp – are providing financing on a club basis, the sources said. Qube and Brookfield unveiled a US$6.8 billion plan earlier this month to split up the ports and rail giant into two units.
2 min read · 29 March 2016
Louisiana electricity supplier Cleco Corp announced it has got approval from the state's public service commission to sell itself to an investor group led by Macquarie Infrastructure and Real Assets, Reuters reported. The deal, announced on October 20, 2014, valued Cleco at US$4.7 billion, or US$55.37 per share. The investor group includes British Columbia Investment Management Corp (bcIMC) and John Hancock Financial, a division of Canadian insurance company and financial services provider Manulife Financial Corp. The deal is expected to close in April.
1 min read · 29 March 2016
Yahoo Inc (YHOO.O) has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal reported on Monday, citing sources.
1 min read · 29 March 2016
Airport operator GVK Power & Infrastructure Ltd has sold a 33 percent stake in Mumbai, India's Bengaluru airport to Canada's Fairfax Financial Holdings to reduce debt, Reuters reported. Fairfax will pay 21.49 billion rupees (US$322.75 million) for the stake. Fairfax India, a vehicle launched in 2014 to boost the firm's private equity, public equity and debt investments in the country, participated in the deal.
1 min read · 28 March 2016
A former managing principal at financial services firm Park Hill Group was arrested on charges that he engaged in a $95 million scheme to defraud investors, Reuters News reported.
2 min read · 28 March 2016
U.S. data analytics firm Qlik Technologies Inc (QLIK.O) has begun exploring strategic alternatives, including a sale, after coming under pressure from an activist shareholder, Reuters News reported.
2 min read · 28 March 2016
