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Ardian eyes sale of Encevo

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

Asian renewables deliver high returns for Industriens Pension

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

Actis to exit $1.5bn Indian renewables platform

The emerging markets-focused fund manager is selling Ostro Energy to CPPIB-backed ReNew Power for $1.5bn.

AXA IM snaps up 15% stake in Agility Trains West

The French firm is acquiring the interest from John Laing for £230m, making it its first direct infra investment in the UK.

Mirova’s Fund II teams up with Infranode in Norwegian heating deal

The sale of Oslofjord Varme to a consortium also including Infranode represents the first realisation from iCON’s €500m second fund.

Singapore’s Sembcorp plans Indian unit IPO

The industrial conglomerate is also planning to sell a number of ‘peripheral utilities assets’ for $380m, while looking to nearly double its renewables portfolio worldwide to 4GW by 2022.

Infratil starts strategic review of NZ Bus

The potential sale comes after the public transport operator negotiated new contracts with Auckland and Wellington worth a combined $954m.

InfraCo Asia mulls Vietnam hydro stake sale

The firm believes the operating hydro plant represents an attractive opportunity for foreign investors looking to enter the Vietnamese renewables market.

Terra Firma set to launch RTR sales process in coming weeks

Italy’s second-largest solar owner has 332MW under management, although a bid from the largest – Enel and F2i – is now thought to be unlikely. RTR is Terra Firma’s last remaining infrastructure asset after it sold a US-based wind portfolio to BlackRock’s Global Renewable Power Fund II in December.

KKR makes splash with US water PPP exits

The Bayonne and Middletown water concessions were sold to Argo Infrastructure Partners for a combined $170m, generating a 2.8x and 3.3x gross money multiple, respectively.
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