Exits

Lincoln Clean Energy is the first of the 15 portfolio companies to be fully exited by the vehicle, which is currently generating a 18.2% net IRR.

China Southern Power Grid International will be the second-largest shareholder in Encevo after acquiring the French fund manager’s 25.5% stake.

Tampnet, bought by 3i Infrastructure and ATP, was also partly owned by EQT’s second fund, which has now sold four of its 11 assets.

Senior director Ram Kumar’s mid-July departure follows the exits of director Guido Mitrani in March and global co-head Jesus Olmos in April.

The sales process for the firm’s solar portfolio in Canada is thought to be under way.

The acquisition from Macquarie comes roughly 10 years after MEIF2 paid €1.4bn to gain control of the German metering company.

The asset manager is selling its Asian Infrastructure & Related Resources Opportunity platform to emerging markets specialist The Rohatyn Group for an undisclosed amount.

The two companies have agreed to pay $1.2bn for ADT Caps, South Korea’s second-largest security services provider.

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

Co-investments alongside Actis and Equis Funds Group in Asian renewables have generated returns of more than 100% for the Danish pension fund.