Citi Infrastructure Investors has acquired a 75% stake in DP World Australia, which operates five container ports, valued at A$1.5bn. Citi will fund the deal, which is set to close in the first half of 2011, with A$530m of debt and the balance in equity.
2 min read · 24 January 2013
After a failed IPO, Bilfinger Berger has managed to sell Valemus to Lend Lease for A$1.06bn. Valemus is Australia’s second-largest construction company with ‘secured future revenue in excess of A$5bn’.
2 min read · 24 January 2013
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based buyout titan has been steadily increasing its exposure to the sector.
3 min read · 24 January 2013
The mystery of who would be the fourth member of the equity syndicate for Gatwick Airport has been solved, with Australia’s Future Fund paying £145m for a 17.2% stake in the Global Infrastructure Partners-owned asset.
1 min read · 24 January 2013
The Carlyle Group has sold a large office in London to JP Morgan, just months after acquiring it as part of a wider portfolio for £671m. It was the latest in a busy month of acquisitions for the Wall Street Bank.
2 min read · 24 January 2013
Altis Property Partners, a Sydney-based private equity real estate firm set up in 2008 by ex-ICA Property Group executives has held a first closing for its debut fund.
2 min read · 24 January 2013
An investor group advised by Moor Park Capital Partners has sold 48 local bank branches to the Pontegadea, private investment firm of the Inditex clothing retail founder, Armancio Ortega
2 min read · 24 January 2013
The New York-based investment firm has acquired the Las Vegas Bank of America Plaza for $64m and a Maryland apartment property for $38m in partnership with City Center Realty and The Donaldson Group, respectively.
1 min read · 24 January 2013
A majority of LPs will be looking to maintain their allocation levels to private equity, or even decrease those levels, and most will only have a limited interest in meeting new GPs, according to a survey from Probitas Partners.
2 min read · 24 January 2013
With year-end upon us, we examine some of the trends that have emerged this year and are likely to dominate 2011
3 min read · 24 January 2013
