Deals

The asset manager invested in a midstream joint venture from its private equity group and a solar developer from its energy and infrastructure strategy.

First-round bids for the Luxembourg-based utility are expected towards the end of next month.

Palisade Investment Partners CEO Roger Lloyd, speaking at our Seoul Summit, says the right partnerships and an ability to develop assets key to breaking into the country’s renewables market.

The Australian asset manager has gained exposure to Spain, Chile, Colombia and Peru through the acquisition from the Spanish construction firm.

The sale of South Staffordshire comes five years after its initial £563m investment and two years after it sold 25% of the company.

The joint venture between Colony NorthStar and Digital Bridge is expected to close its debut digital infrastructure fund by 30 June above its $3bn target.

The deal comes as Hermes continues to fundraise for £1bn for its second infrastructure vehicle.

The Chinese fund manager is acquiring Boreal Group, which saw EBITDA growth of 285% during Cube’s seven-year ownership.

The super fund is paying around $77m to acquire a stake in Bright Energy Investments, a 210MW portfolio of wind and solar assets in West Australia.

The investment by PGGM, OPTrust and USS comes two-and-a-half years after their €420m acquisition of the toll road operator.