Exits

The two southeast Asia-focused fund managers are selling their stakes in 30MW of operating solar plants in Thailand to a local zinc producer.

The multi-asset manager secured a 3.2 times return multiple and a 19% IRR from the sale of its remaining stake Sembcorp Green Infra.

The state-owned company is seeking to raise up to $700m from the stake sale.

The largest in-building mobile telecoms firm in the country was the last asset in VinaCapital’s London-listed Vietnam Infrastructure fund.

The HK-based investors see the German company as an opportunity to gain a foothold in the European sub-metering market. But the deal comes at a time of increased government scrutiny on foreign acquisitions of critical infra. 

TINC is set to acquire nearly a quarter of the highway PPP six months after raising €77m via a capital increase.

The government of Singapore and the city state’s monetary authority acted as one of the trust’s largest anchor investors.

The Chinese developer will inject about $250m to help build the 527.5MW facility, which is set to become the largest wind farm in the Southern hemisphere.

The IRB Infrastructure-sponsored trust, backed by road assets, will seek to raise as much as $780m to repay debt.

The Singapore-based renewables firm has hired banks to conduct a ‘strategic review’ of the pool of 102 assets in a bid to garner additional resources for growth.