MSC Mediterranean Shipping Co. said Monday that it has agreed to sell 35% of Terminal Investment Limited SA to Global Infrastructure Partners and a group of its LP co-investors. The sale price is US$1.929 billion, including certain payments contingent on TIL’s future performance. The deal is expected to close in the middle of the year. Terminal Investment Limited invests in, develops and manages container terminals around the world.
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Adebayo Ogunlesi was named an independent director of Goldman Sachs Group Inc. effective Oct. 15. Goldman said it expects to appoint another independent director in the near terms. Ogunlesi is Managing Partner and Chairman of Global Infrastructure Partners.
The Florida State Board of Administration, which oversees $154 billion in pension and emergency funds, committed $700 million to five private equity, infrastructure and opportunistic debt funds during the third quarter of 2012…
In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors…
Global Infrastructure Partners said Wednesday that four former pipeline executives from El Paso Corp. are joining GIP. James Cleary will focus on identifying and managing investments involving natural gas, crude oil and other liquids pipeline assets. He is the former president of El Paso Corp.’s Western Pipeline Group. Joining Cleary are Thomas Price and Pat [...]
Distressed investors are buying into loans of UK waste management firm Biffa as they attempt to take control of the company, which is restructuring its 1.1 billion pounds ($1.7 billion) of debt, writes Reuters. Biffa is owned by Montagu Private Equity and Global Infrastructure Partners. Reuters – Distressed investors are buying into loans of UK [...]
Chesapeake Energy Corp plans to sell its pipeline and related assets to Global Infrastructure Partners for more than $4 billion.
James Jenkins has joined Global Infrastructure Partners as an MD based in New York. He will oversee GIP’s investor relations group. Most recently, Jenkins was at King Street Capital Management, where he was involved in sourcing and evaluating investment opportunities. PRESS RELEASE Global Infrastructure Partners (GIP), a leading, independent global infrastructure investor, announced today that [...]
Global M&A deal value surged this week while PE transactions turned in some of their lowest numbers.
The $145 billion retirement system is actively considering making large separate account commitments through its private equity program, according to Buyouts magazine.