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Pacific Energy recommends QIC’s A$470m take-private bid
A shorter time frame to completion and the prospect of an extra payment to shareholders helped QIC edge out a rival bid of the same value from OPTrust and Infrastructure Capital.
Future Fund’s deputy CIO: We’re placing ‘more emphasis’ on ESG
Australian sovereign fund's executive tells conference investors must adapt and improve their processes to keep up with the influx of capital into private equity
QIC acquires northern Australia marine transport business
The Brisbane-headquartered fund manager has acquired Sea Swift for a little under A$300 million in a move that diversifies away from core infrastructure in its Global Infrastructure Fund.
Frederic Michel-Verdier leaves IFM after 11 years
IFM’s executive director for Europe has left to ‘pursue personal business interests’, IFM says.
NSW transport ‘needs more PPPs and asset recycling’ – think tank
Committee for Sydney says the next set of projects has stalled and urges the state government to take action in order to avoid ‘a one-time infrastructure boom’.
Why investor input is needed as Australian grid reliability concerns increase
The Australian Energy Market Operator has warned of risks to supply in coming months but the federal government is still not stepping up.
Firms shortlisted for ‘Victoria’s largest-ever road project’
The winning bidder for the North East Link PPP will design and build twin tunnels under the Yarra River and assume responsibility for maintaining a stretch of road for up to 25 years.
AMP Capital to acquire 40% of Auckland prison PPP from InfraRed
The firm will purchase the stake in the availability-based PPP from InfraRed Capital Partners via its Community Infrastructure Fund, taking the size of that vehicle toward A$1bn.
First State debuts in US with rail acquisition
The North American division of Australia’s Colonial First State plans to grow the short-line rail business of Patriot Rail and Ports.
Competition and bad risk allocation threaten to implode PPPs
SNC-Lavalin and Skanska have decided to stop bidding for such projects. If other developers follow their example, the entire procurement model might be at risk.
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