Asia Pacific Village Group, owned by EQT Infrastructure Fund IV, increased its bid for Metlifecare by 50 cents to NZ$7 per share and has secured agreement from the company’s largest shareholder, NZ Super.
hydropower
The French fund manager will finance its portion of the €2.2bn acquisition through its recently closed European renewables fund and a co-investment vehicle created for this specific transaction.
Brookfield has previously identified the sector as its leading deal driver for the next five to 10 years.
The fund manager used crowdfunding for an industrial-scale clean energy project in France, while in the US it partnered with Engie to help the University of Iowa transition to a zero-carbon footprint under a 50-year utilities concession.
The Dalrymple Bay Coal Terminal in Queensland is likely to be valued at significantly more than A$2bn, with public market investors particularly interested in backing a regulated, defensive asset, sources say.
First State Super CEO Deanne Stewart will continue as chief executive of the merged entity, which the two funds said would provide access to more investment opportunities and reduce costs.
Telecommunications
The firm's acquisition of Highline is its first in Brazil, a market Digital Colony believes will experience exponential growth in digital infra.
The London-listed group says the projects are ‘less attractive’ as they have moved from the construction to the the operational phase.
Wind farm Western Australia
The superannuation fund has partnered with Palisade and HESTA to acquire Snowtown 2 Wind Farm in South Australia.
Australian fund manager ICG took ownership of Tas Gas and other utility businesses operated by Enwave in a A$420m deal.
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