IFM Investors related stories
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Canadian investors among bidders in $12 bln Australian energy sale: ReutersA half dozen groups of investors from four continents have placed indicative bids for an electricity transmitter in Australia's most populous state, a source told Reuters, a milestone in a record US$12 billion privatization sale. The Caisse de dépôt et placement du Québec, Borealis Infrastructure, and Canada Pension Plan Investment Board are said to have joined consortia bidding for TransGrid and other assets.
IFM Investors buys ITR Concession for $5.725 blnIFM Investors said Wednesday it closed its 100 percent by of ITR Concession Company LLC for $5.725 billion. Financial terms weren’t announced. ITR Concession operates the Indiana Toll Road.
Deal roundup, 3.12.15The following bids, mergers, acquisitions and disposals were reported by Reuters and Buyouts sister publication PE HUB as of 2000 GMT on Thursday, March 12, 2015.
Canadian pension funds among bidders for Indiana toll road: ReutersSome of the world's largest pension funds and infrastructure investors are forming consortia to bid for the operator of an Indiana toll road that filed for bankruptcy last month, sources told Reuters. Different investor groups are said to include Brookfield Asset Management, Canada Pension Plan Investment Board and Ontario Municipal Employees Retirement System. A transaction will likely value ITR Concession Co LLC, the operator of the toll road, at between US$4 billion and US$5 billion.
- IFM Investors agrees to invest $1.3 bln in Freeport LNG's natural gas facility
Global fund manager IFM Investors has inked an agreement to provide approximately $1.3 billion in equity funding for Freeport LNG's proposed natural gas liquefaction and LNG loading facility near Freeport, Texas. The transaction is expected to close in mid-2014. Macquarie Capital and Credit Suisse are serving as financial advisors to Freeport LNG.
- IFM Investors appoints Kulper as executive director of infrastructure
IFM Investors, a global fund manager, said Tuesday that it has hired Michael Kulper as executive director of infrastructure. In his new role, Kulper, who is based in the firm's New York office, reports to Alec Montgomery, head of infrastructure - North America. Prior to joining IFM, Kulper was the founding president of Transurban’s North American toll roads concessions business.