First State becomes first ‘major infra fund’ in Baltics with Utilitas deal

The 85% acquisition of the Estonian energy group means the majority of the €1.4bn raised by First State in June for EDIF II has now been deployed.

PABs and private investors push Detroit’s I-75 to financial close

A $1.45 billion public-private partnership to modernise a portion of Interstate 75 in Detroit, Michigan has reached financial close after the state’s department of transportation issued more than $600 million in private activity bonds. Oakland Corridor Partners, a consortium of infrastructure companies leading the PPP, secured funding to rebuild, finance and maintain a 5.5-mile stretch […]

AMP Capital secures 40-year Melbourne student accommodation deal worth $217m

The firm is targeting more deals in the sector, to which it is aiming to commit 20%-25% of its Diversified Infrastructure Trust.

Australia rejects CKI’s APA takeover bid

Treasurer Josh Frydenberg confirmed his ‘final decision’ that the takeover would be ‘contrary to the national interest’.

Macquarie set to begin Brussels Airport sales process

The airport is jointly held by its MEIF1 and MEIF3 funds alongside the Belgian government and OTPP, with the latter believed not to be among the bidders.

Japan’s TEPCO makes first overseas hydro investment

The transaction marks InfraCo Asia’s full exit from the Coc San plant in Vietnam, six years after its initial investment.

Australia set to block China’s CK Infra from APA Group takeover

Treasurer Josh Frydenberg said the move should not be seen as an ‘adverse reflection’ on CK Group and that Australia still welcomes foreign investment that is not ‘contrary to our national interest’.

SEP fund earns ‘significant’ return with UK gas sale to Arjun

The sale of Indigo Pipelines is the first exit from Scottish Equity Partners’ Environmental Capital Fund, which raised $176m in 2014, targeting a 14% IRR.

India’s NIIF buys IDFC’s infra debt arm

The deal is a debut transaction for the government-backed vehicle’s Strategic Fund and comes amid growing concerns surrounding bad loans in the country’s infrastructure sector.

AMP Capital increases stake in Victorian desalination PPP

The Australian funds manager ups its total share in the project to 16.5 percent in a deal worth approximately $72m.

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