M&A

The deal will allow Oaktree to operate independently, though Brookfield intends to build up its stake.

AMOAI, the new entity resulting from Asset Management One’s acquisition of Mizuho Global Alternative Investments, is targeting close to $900m for the new vehicle.

The deal is a debut transaction for the government-backed vehicle’s Strategic Fund and comes amid growing concerns surrounding bad loans in the country’s infrastructure sector.

Commonwealth Bank of Australia is selling the asset manager in a separate transaction from the planned demerger of its wealth management businesses.

GIP India is focused on deploying the roughly $100m remaining in Fund II, inherited after acquiring IDFC Alternatives’ infrastructure business, before deciding on a future strategy.

The firm has already announced two deals in the power and transport sectors since being acquired by the Canadian bank.

The Eco Eridania stake is the UK firm’s first investment in the sector and the maiden transaction through its iCON IV fund.

The French fund manager has agreed to buy Mater Private from US private equity firm HarbourVest Partners.

The firm plans global expansion for the pan-European trailer company, following the deal through its second infra fund, which is close to its $6.5bn hard-cap.

The Dutch fund manager agreed to buy American Roads, which manages five toll assets, including one in Alabama caught in a legal dispute.