Exits

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.

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

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

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

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.

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

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