TIVIT has engaged BofA Securities to carve out its Brazilian data centers business, said two sources familiar with the situation.   The process is in its early days, added those same sources.   The carve out comes on the heels of a joint venture between Digital Realty Trust and Brookfield Asset Management that acquired Brazilian data center

Canadian oil transportation and processing company Inter Pipeline said it has received an offer for the whole company and confirmed that it is exploring options for its European energy storage business.    Toronto-listed Inter Pipeline late on Friday (August 9) said it “received an unsolicited, non-binding, conditional and indicative proposal to

The losing consortium in the recently closed Silvertown tunnel tender has challenged the decision of Transport for London to award the GBP 1bn PPP to a Macquarie Capital-led consortium, threatening months of delays.   UPDATED: This story was originally published on 12 August and updated on 13 August to include more details on the upcoming court

Macquarie Infrastructure and Real Assets (MIRA) has shortlisted four groups for the sale of a 50.01% stake in Hobart Airport, several sources familiar with the situation said.   According to the sources, advisor Credit Suisse this week contacted the parties to invite them into the data room, including, UniSuper, QIC, Super funds Cbus and HESTA,

Grassroots Renewable Energy Platform is on the cusp of finalising a loan for the 150MW Bango wind project in New South Wales.   Benjamin Haan, partner and head of private infrastructure at Partners Group - a backer of Grassroots - told the Infrastructure Investors Forum Australia in Sydney yesterday that the deal would reach financial close this week.    Grassroots

I Squared Capital’s intended sale of its 1.4GW clean power assets Asia Cube Holdings has encountered hiccups due to price discrepancies with suitors, four sources familiar with the situation told Mergermarket, a sister publication to Inframation.   The global infrastructure investment fund retained Credit Suisse to explore the sale since last September,

EQT Infrastructure has kicked off an auction process for its UK rail business GB Railfreight, three years after acquiring the company.   The Swedish infrastructure investor has appointed Deutsche Bank to advise on the sale, sources said, adding that rather than issuing teasers and IMs, it has selected a group of companies to submit bids through an

Japan’s government plans to terminate the feed-in tariff system (FiT) for new solar and wind power generation projects, given an increasing cost burden on consumers.     Japan's Ministry of Economy, Trade and Industry (METI) today (5 August) presented the plan to a government advisory panel, under which large-scale commercial solar and wind power

China General Nuclear Power Corporation (CGN) is in talks to acquire Mexican renewables company Zuma Energía from Actis and Mesoamerica, said three sources familiar with the situation.    The acquisition would represent a second Actis platform company the Chinese clean energy investor would be acquiring following the parties’ 1Q19 agreement for

The city council in Coffs Harbour - about 500km from Sydney - will call for expressions of interest to privatise the local airport in the next three months, a official spokesperson confirmed in an email to Inframation.   Clarification: This article was amended on 7 August to clarify details of previous airport leases in the last paragraph   While

A Brookfield Infrastructure Partners (BIP)-led consortium signed a deal to acquire Blackrock’s and First Reserve’s stakes in the Los Ramones Pipelines in Mexico for USD 550m, said two sources close to the situation.   BIP signed an agreement to acquire a “co-controlling” interest in two natural gas pipelines in Mexico for USD 550m, according

Brookfield Infrastructure Partners (BIP) will sell its stake in the Australian arm of Genesee & Wyoming (G&W) to a consortium led by Macquarie Infrastructure and Real Assets (MIRA), Brookfield announced on its 2Q19 earnings call.   Brookfield, which reached a USD 8.4bn take-private for G&W last month, expects the sale of its 51% interest in the Australian

Antin Infrastructure Partners is going to fund its USD 1.25bn buyout of Veolia’s US energy district business with a combination of equity and debt, said Antin senior partner Kevin Genieser in an interview with Inframation.   The deal is expected to close in 4Q19.   The auction was described as a very competitive auction, said two sources

Jessie Jin, an assistant director at Rothschild’s infrastructure advisory arm, is due to join GIC’s London-based infrastructure investment business later this month, sources said.   Jin (pictured) is expected in her new role to work closely with Floortje Brouwers, who oversees the Singaporean sovereign wealth fund’s junior debt offering.   One

Taiwan's Swancor Holding has agreed to sell its renewable unit and a stake in the Formosa 2 offshore wind farm to New York-based fund manager Stonepeak, according to a stock exchange disclosure today (31 July).   The decision was made almost a month after the company announced an extension to the disposal timeline to "broaden its search for potential

Antin Infrastructure Partners has agreed to acquire Veolia’s US district energy business for an enterprise value of USD USD 1.25bn, according to a 31 July press release.    Veolia took indicative bids in the auction for the business on 7 May, according to sister publication Sparkspread.   The business, a unit of Veolia Environment, generated

New South Wales may look to private finance for two forthcoming Sydney Metro projects as a major construction company announced a new joint venture to bid for them.   The AUD 20bn (USD 13.8bn)-plus Sydney Metro West will run from Sydney’s city centre west to Parramatta, while the AUD 15bn-20bn Sydney Metro Greater West will extend from the city’s

Germany’s MPC Capital has acquired an in-development 6.5MW solar PV project in El Salvador, according to a 30 July company press release.    MPC Capital is currently in the process of finalizing the engineering, procurement and construction (EPC) contract and the project financing for the USD 7.5m project with commercial lenders, according to the

Citi power and utilities specialist and head of investment banking for Denmark Nicholas Blach Petersen has left the investment bank after nearly eight years, sources said.   Citi is now seeking a replacement head of investment banking for the Scandinavian country and his role there is meanwhile being covered by the co-heads of Nordic investment Lars

Fund managers in Australia are likely to fold or consolidate as their superannuation clients merge, according to IFM Investors Chief Executive Brett Himbury.   Any consolidation of super funds – IFM is owned by 27 of them – would lead to similar moves among GPs, Himbury said at his company's annual results briefing today (29 July). This will

Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec (CDPQ) are the two remaining bidders vying to purchase New York-headquartered Global Infrastructure Partners’ (GIP) Indian roads portfolio, local media reported on 29 July.   The two pension funds have bid around INR 32bn (USD 466m)

Sponsors of a 216MWp solar portfolio in Mexico are seeking a credit facility for approximately USD 130m, said three sources briefed on the situation.   The sponsors, UK based investment manager InfraRed and Mexican financial services firm Invex, sent a request for proposals in early July, to learn about potential terms for the 15-year loan, associated

Equitix and Japan’s Kansai Electric Power Corporation have agreed to buy 50% of Electricity North West (ENW), scotching fears the sale of the UK regional energy grid had been derailed by worries about nationalisation and Brexit.   Equitix and Kansai, which had previously been in a consortium with Equitix’s fellow infrastructure investor Dalmore

KKR is going to launch its three largest funds, one of which will be dedicated to infrastructure, in the next six to 18 months as the firm looks to scale its business, Scott C. Nuttall, co-president and co-COO of KKR, said during an earnings call on 25 July.   KKR held a USD 7.4bn final close for its third dedicated infrastructure fund, KKR Global

Australian and New Zealand gas networks and fund managers have entered the race to buy Brookfield's Tasmanian gas utility Enwave, according to sources.   Brookfield received at least three indicative offers by the Monday evening deadline, one of the sources told Inframation. The bidders include Australian Gas Networks, a unit of CK Infrastructure

The Sacyr-led SPV behind the Rumichaca–Pasto highway project signed a COP 1.8trn (USD 562m) credit facility to fund construction of the road, according to a 17 July Ministry of Transportation release.   The loan carries a tenor of eight years, a source familiar with the situation said.   The transaction has yet to be disbursed.   Nine

HOCHTIEF PPP Solutions North America recently hired Daniel Lau as a senior director in project finance.   Lau, most recently a director at VINCI Concessions, will be based in the New York office. He served as a director in structured finance at VINCI for three years and prior to that worked at KPMG.   In the US, HOCHTIEF is among the stakeholders

A project to build a INR 150bn (USD 2.25bn) airport near India's capital city has drawn interest from 15 companies, which have bought the tender documents, according to sources close to the matter.   Nine of the parties attended a pre-bid conference yesterday to get details of the proposed Jewar airport in India’s National Capital Region, according

Financial advisory boutique Rubicon Capital Advisors has opened a new office in Mexico City to support its Latin America expansion efforts, according to a 15 July release.   Santiago Ortiz Monasterio, who joins Rubicon as a senior director from Mexican energy and infrastructure fund GBM Infraestructura, will lead the office.   “The opening

The USD 20bn Teachers' Retirement System of Louisiana (TRSL) has approved a commitment of USD 50m to Global Infrastructure Partners IV (GIP IV), according to a source at the pension plan.   While GIP has historically invested approximately 68% of aggregate capital into energy assets, the manager expects to increase its allocation to the transportation

Iridium Concesiones has appointed BBVA as its financial adviser to help it explore a sale of stakes in several key road concessions in Spain, sources said, amidst a flurry of transport sales in the country. The ACS-owned concessionaire is looking to sell an 80% stake in six Spanish shadow toll road concessions, including the 67km Eje Diagonal DBFOM project,

FinEst Bay Area Development, the private developer of a tunnel connecting the capitals of Finland and Estonia, is looking to firm up EUR 15bn (USD 17bn) in financing from Chinese investors.   The company is now in advanced negotiations with private equity group Touchstone Capital Partners after signing an MOU in March, founding partner Kustaa Valtonen

Jaron Stallard has taken over as NAB’s new global head of infrastructure coverage based in Sydney, according to sources familiar.   He was previously at RBS for more than 13 years in London. His most recent roles were managing director of infrastructure financing and director of infrastructure financing between June 2014 and September 2018, according

Pressure has eased in the French airports market amidst the Toulouse-Blagnac dramas, with Caisse des Dépôts et Consignations agreeing to buy an initial stake in Nice Airport for a healthy multiple, while Eiffage is to buy the Lille concession.   The Nice Municipality agreed on Friday (12 July) to sell a 4% stake in Nice Airport to CDC, which sources

Kalpataru Power Transmission Limited (KPTL) is in talks with Cube Highways and Canadian pension fund PSP Investments-backed roads platform ROADIS over the disposal of its roads portfolio, according to two people familiar with the situation.   The roads portfolio is housed under Mumbai-based KPTL's subsidiary JMC Projects (India) Limited.   The

UK-based airport operator Gatwick Airport is teaming up with Malaysia’s Employees Provident Fund to acquire a strategic stake in Malaysia Airports Holdings, two sources familiar with the situation said.   The stake is around 20%, the sources told Inframation sister publication Mergermarket. Gatwick and EPF are looking to form a consortium to acquire

A Spanish renewables developer has tapped Lazard to sell a 720 MW portfolio of solar PV projects in Brazil, according to sister publication Sparkspread.   Barcelona-headquartered Enerside Energy is running a sale of three projects in advanced development in north-eastern Brazil, SparkSpread has learned.   All three projects are backed with

FirstLight Fiber acquired New York-based communications construction company Todd Cable Construction, according to a 10 July press release.   Executives at FirstLight, a portfolio company of Antin Infrastructure Partners, said the deal would broaden the company’s capabilities of developing greenfield fiber projects.   “Unlike our prior

A Spanish renewables developer has tapped Lazard to sell a 720 MW portfolio of solar PV projects in Brazil, according to sister publication Sparkspread.   Barcelona-headquartered Enerside Energy is running a sale of three projects in advanced development in north-eastern Brazil, SparkSpread has learned.   All three projects are backed with

FirstLight Fiber acquired New York-based communications construction company Todd Cable Construction, according to a 10 July press release.   Executives at FirstLight, a portfolio company of Antin Infrastructure Partners, said the deal would broaden the company’s capabilities of developing greenfield fiber projects.   “Unlike our prior

Sacyr is considering offers it has received for a toll road it owns in Andalusia, following the project’s refinancing less than a year ago with institutional investors’ debt, sources said.   The Spanish infrastructure developer has received initial offers for the AP-46 Las Pedrizas toll road, of which it owns 100%, from investors understood to

Sacyr is considering offers it has received for a toll road it owns in Andalusia, following the project’s refinancing less than a year ago with institutional investors’ debt, sources said.   The Spanish infrastructure developer has received initial offers for the AP-46 Las Pedrizas toll road, of which it owns 100%, from investors understood to

Infrastructure investor John Laing has joined a consortium including Capella Capital to bid on the AUD 7bn- AUD 9bn (USD 4.9bn-USD 6.3bn) North East Link motorway PPP, according to four sources familiar with the matter.   The group includes contractors China State Construction Engineering Corp., Korea’s GS E&C and Italy's Salini Impregilo, as

UK-based airport operator Gatwick Airport is teaming up with Malaysia’s Employees Provident Fund to acquire a strategic stake in Malaysia Airports Holdings, two sources familiar with the situation said.   The stake is around 20%, the sources told Inframation sister publication Mergermarket. Gatwick and EPF are looking to form a consortium to acquire

Goldman Sachs is preparing to go to the market in 2020 to raise its fourth infrastructure fund, said sources familiar with the situation.   The timing will coincide with how much capital its third USD 2.5bn fund, West Street Infrastructure Partners III, has deployed by that time. A source close to the situation said fund managers will look to raise

Arcus Infrastructure is circling Condor Ferries ahead of the deadline for first bids for the Channel Islands-based ferry operator, sources said, the latest move by the UK-based infrastructure investor to target the sector.   Condor’s owner Macquarie Infrastructure and Real Assets (MIRA) earlier this year appointed Rothschild to explore options for

MIRA looks like it will be spoilt for choice when indicative bids are lodged later this month for its 50.01% stake in Hobart Airport, with IFM Investors and Infrastructure Capital Group joining the fray.   ICG has engaged Jefferies as financial adviser, while IFM has Morgan Stanley on board, according to three sources familiar.   However the

Japan’s Government Pension Investment Fund (GPIF) continued its push for investment into global infrastructure assets during the fiscal year ended March 2019 and diversified its investment destinations and sectors.   The mammoth pension fund said today (5 July) on its website that it has increased its global infrastructure exposure by nearly

UK solar power developer Lightsource BP has acquired 2GW of greenfield solar projects from Brazil’s Enerlife.   Lightsource BP paid an undisclosed amount for the projects, which are in various stages of development by Enerlife.   The acquisition also saw several Enerlife executives join Lightsource BP to oversee the development of the projects

A consortium led by Hokkaido Airport Terminal (HKK) has been selected as the preferred bidder for the 30-year concession to operate seven airports on the Hokkaido island in northern Japan over its rival bidding group. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) said today (3 July) on its website that the HKK-led group, known

US buyout firm TPG has added a second principal to its London-based infrastructure investment team, according to sister title SparkSpread.   Mariana Popa, an infrastructure portfolio manager at Abu Dhabi Investment Authority (ADIA), joined TPG late last month.   She reports to Edward Beckley, a partner who leads TPG’s infrastructure business.

Infrastructure banker Jonathan Yellen has left Mizuho, confirmed a spokesperson for the bank.   Yellen joined Mizuho in December 2017 as the head of its power and infrastructure project finance team in the Americas. Prior to that, he had senior roles at Morgan Stanley and Deutsche Bank, according to his LinkedIn profile.   During Yellen’s

Macquarie Capital and its Taiwanese development partner, Swancor Renewable, have lined up export credit agencies to lend into the 378MW Formosa 2 Taiwanese offshore wind project, according to bankers.   U.K. Export Finance, Belgian's Credendo; and Denmark's EKF will all lend into the facility but commercial banks have not yet been told if they

Ana Maria Vidaurre has joined financial advisory boutique Rubicon Capital Advisors as a managing director, according to a 2 July release.   Vidaurre previously served as managing director and head of infrastructure transactions in Latin America at CDPQ. According to the release, Vidaurre will help the firm meet increasing transactional demand in Spain

PwC will provide financial, commercial, tax, legal, grants and modelling support for Sun Cable's 10GW, AUD 20bn (USD 14bn) Tennant Creek solar and battery project in the Barkly region of the Northern Territory, according to a PwC official.   Singapore-based developer, Sun Cable revealed its plans for the huge project on 21 June when local media

The CIMIC-led Pulse consortium reached contractual close on Cross River Rail’s AUD 4.58bn (USD 3.22bn) 5.9km tunnels and stations PPP yesterday (30 June), the company said in an announcement today (1 July).   Update: This article was changed after publication to note financial close was reached.   A spokesperson for CIMIC would not comment

The Brookfield Infrastructure’s led USD 8.677bn buyout of global short haul railroad operator Genesee & Wyoming (G&W) is being funded by multiple partners, according to a regulatory filing.   Brookfield Infrastructure Fund IV and three of its affiliates are funding USD 4.027bn of the deal in equity while GIC is funding USD 1.5bn. In a separate filing,

UK ‘last mile’ fibre broadband provider Grain is considering the sale of a stake to provide more funds for expansion, sources said, a process that could attract infrastructure funds.   Grain’s owners Pinnacle Group, a provider of property services such as regeneration and housing management, and Solway Communications, which provides broadband

Thirteen companies have shown interest in prequalifying for the Bosa hospital PPP, according to documents published on 27 June.   Conconcreto, BlackRock, China Sinopharm International Corporation, Marhnos, Acciona, LQA Funds, Sacyr, Constructora Colpatria, KMA, OHL, CyD Ingeniería, Copasa and Profit all submitted questions about the prequalification

Credit Suisse, MIRA’s adviser on the sale of its 50.01% share of Hobart Airport, on Tuesday (25 June), called for indicative bids by 24 July on the stake with binding bids due between late September and early October. The information memorandum (IM) with further vendor due diligence on the prospect is due by the end of the week, according to four