Ares Management rescinds $6b takeover offer of AMP Capital by Kali Persall | Feb 11, 2021 Ares Management has ditched its $6 billion takeover offer for Australian wealth manager AMP Capital four months after offering to acquire the company in full, according to various news sources.
CIT Group helps arrange $93.3m in financing for battery-energy storage portfolio in Texas by Kali Persall | Feb 11, 2021 CIT Group Inc.’s power and energy business has served as a co-lead arranger on a $93.3 million financing package for a portfolio of six battery energy-storage systems in Texas.
Eurazeo raises €80m for Smart City II Venture fund by Released | Feb 11, 2021 Eurazeo has announced the initial closing of its Smart City II Venture fund at €80 million ($97 million) to invest in the most promising energy, mobility proptech and logistics startup worldwide.
Novo Tellus raises $250m for Southeast Asia fund by Kali Persall | Feb 11, 2021 Novo Tellus, a private-equity firm focused on investments in the mid-market technology and industrial sectors of Southeast Asia, has completed a final closing for its Novo Tellus PE Fund 2.
New Development Bank makes first equity investment in India by Kali Persall | Feb 11, 2021 The New Development Bank (NDB) has committed $100 million to the National Investment and Infrastructure Fund (NIIF) Fund of Funds (FoF), bringing it to $800 million in capital commitments.
ATP logs second-best annual returns ever by Kali Persall | Feb 11, 2021 The ATP Group has clocked a 23.3 percent investment return at the end of 2020, representing a total of DKK 29.9 billion ($5 billion), the pension fund’s second-best annual results ever.
Landmark Infrastructure Partners II reaches $509.6m by Kali Persall | Feb 11, 2021 Two years after filing its initial filing with the SEC, Landmark Infrastructure Partners II has raised $509.6 million from 11 investors, according to a recent SEC document.
Equinor to sell Bakken field interests for $900m by Released | Feb 10, 2021 Equinor is planning to sell its interests in the Bakken field in the U.S. states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around $900 million.
U.S. DFC and Shell Foundation to improve renewable energy access in Africa and Asia by Kali Persall | Feb 10, 2021 The U.S. International Development Finance Corporation (DFC) and Shell Foundation have partnered on an effort to bring affordable renewable energy to low-income areas of Africa and Asia by 2025.
Report: China expands foothold in Latin America’s energy, strategic minerals industries by Released | Feb 10, 2021 China is broadening its presence in Latin America’s energy and strategic minerals sectors, posing challenges to the regional countries themselves as well as to the United States, according to a new white paper published by the Institute of the Americas (IOA).