News and Analysis

A consortium also including AustralianSuper, CDPQ, CPP Investments and Tawreed has clinched the NSW Government’s 49% stake in the toll road network for A$11.1bn.

The company’s board has agreed to a revised takeover bid from a consortium comprising KKR, Ontario Teachers’ Pension Plan and PSP Investments.

The airport’s board says the revised bid continues to undervalue the asset despite a recent surge in covid-19 cases and extended lockdowns in major Australian cities.

A consortium comprised of KKR and Ontario Teachers’ Pension Plan has come back with an increased offer for Spark Infrastructure after its two previous bids were rejected by the company’s board.

The Australia-based infrastructure manager has thrown its hat in the ring with a bid for superannuation fund Rest’s 50 percent stake in gas pipeline owner SEA Gas.

The London-based asset manager has appointed Brett Himbury as a senior adviser, following his decade-long tenure as chief executive of Australian fund manager IFM Investors which ended with his retirement last year.

Citing the short-term impact of the pandemic, the airport’s board says the offer undervalued the asset and was not in the best interests of securityholders.

Stonepeak’s Global Renewables Fund, which has invested $800m to date, seeks to focus on developed markets with stable regulatory frameworks.

PEP hopes to launch a second iteration of its successful Secure Assets Fund before the end of the year, once the initial fund has been fully deployed.

A consortium of super funds has agreed to acquire a 49% stake in Telstra’s considerable telecommunications towers portfolio in a deal expected to complete in Q3 this year.