Cezary Podkul

A rival bidder for the Babcock & Brown satellite, Prime Retirement Trust is seeking to force shareholder approval for significant parts of Lend Lease’s competing $236.8m offer to buy a 40% stake in the retirement village investment fund.

Catterton Partners-owned cookie maker Archway & Mother’s is the latest private equity-backed company to file for bankruptcy. Standard & Poor’s estimates that ‘a disproportionate number’ of speculative-grade defaults in the next two years will be private equity-backed companies.

The city’s aldermen overwhelmingly approved the Citi Infrastructure Investors-led consortium’s $2.5bn bid to privatise Midway Airport, the largest such privatisation in the US. The approval follows the expiration of a Citi consortium's $12.8bn offer for the Pennsylvania Turnpike.

Over two years in the making, the 700-mile natural gas pipeline represents the largest project the New York-based infrastructure investor has ever been involved in and marks a significant economic development project for the Latin American country of 30 million.

If state and local authorities’ price expectations aren’t met, negotiations with state legislatures can prove futile for private infrastructure investors, writes Cezary Podkul.

Funded by the Asian Development Bank, officials hope the loan facility will spur up to $600m of infrastructure investment in the country. Bangladesh’s state-owned Infrastructure Development Company will administer the facility and provide 40 percent of financing for each project.

Oivind Lorentzen and Jan Naess, who control investment manager and ship agency Northern Navigation, have closed the company’s debut shipping fund. Northern previously invested in six private equity shipping funds totaling $350m through a joint venture with a German bank.

The lower mid-market specialist and security infrastructure investor have teamed up to enlarge their portfolio company Gichner Systems Group by acquiring Charleston Marine Container, which makes logistic containers.

The sale of a 3 percent stake in French water and waste management services provider Saur Group provides a partial exit to the private equity firm and brings in a new owner, Luxembourg-based CUBE Infrastructure fund.

The sale of a 3 percent stake in French water and waste management services provider Saur Group provides a partial exit to the private equity firm and brings in a new owner, Luxembourg-based CUBE Infrastructure fund.