Siddharth Poddar
Global Environment Fund’s investment in Greenko will be used to fund the company’s growth objectives as it looks to develop a portfolio of biomass, hydroelectric and wind assets in India.
Institutional investors, though upbeat about opportunities in Asian infrastructure, remain concerned about ‘alignment of interests’ at sponsored infrastructure-focused funds in the region. Others say 'too many infrastructure funds are just selling the economic growth story'.
Bunching China and India as similar investment destinations for infrstrucure investors is not fair for a number of reasons, panelists told delegates at the inaugural Infrastructure Investor: Asia 2009 forum in Singapore.
The firm's Asian growth capital business is backing the growth of Nantong Rainbow Heavy Industry and iTour.
Easy accessibility to debt from state-owned banks is helping meet the funding demands of local Chinese infrastructure developers, making it a difficult market for foreign banks to penetrate, Standard's Peter Ho told delegates at the inaugural Infrastructure Investor: Asia 2009 in Singapore today.
The Australian Taxation Office has sought to freeze TPG's accounts in Australia, alleging the private equity firm owes A$452m in taxes on the proceeds of the sale of its stakes in Myer Group.
The Indian power trading company launched its first power-focused private equity fund in May, which it seeded through a share issue on the Bombay Stock Exchange. The terms of the joint venture agreement with Ashmore are still being discussed. The fund's target amount has not been disclosed.
The global private equity and real estate firm will acquire up to 49.9% of Gateway Rail Freight in its second Indian logistics deal. GRF currently has terminals in Ludhiana, Mumbai and Garhi, with plans to expand to Faridabad.
TPG Capital’s Indonesia-based affiliate has taken a stake in Delta Dunia Makmur, which has simultaneously completed the acquisition of coal mining contractor Bukit Makmur Mandiri Utama.
The private equity firm will acquire up to 49.9% of Gateway Rail Freight, marking its second Indian logistics deal. GRF transports steel, chemicals, paper, meat and grains through containers on railroads. The investment will be used to fund the company's growth.