Asia secondaries activity is increasing as a result of geopolitical uncertainties, a growing private equity market and rising awareness, Coller Capital’s Zhan Yang tells FA.
The US banking giant’s infrastructure arm has agreed to acquire the Australian gas pipeline operator. In another deal, Aberdeen Investments and ACCIONA have set-up a SPV for a New Zealand motorway project.
The UK bank said the sale was part of its "simplification" strategy and follows the sale of its life insurance business in Singapore to Allianz and Indonesian retail book to OCBC; Blackstone described the deal as "the largest home loan portfolio transaction globally".
Citi has hired Cristina Mascanzoni for a new role in its capital markets and advisory team as director and technology coverage lead for Australia and New Zealand.
Following the termination of another deal, the merger creates a dominant Western Australian producer, underscoring how high gold prices are accelerating consolidation across Australia's mining sector.