James F. Frawley is joining Macquarie Group as Senior MD and U.S. Head of Mergers & Acquisitions. Most recently, Frawley was at FBR & Co., where he served as Head of Mergers & Acquisitions and Head of FBR’s New York investment banking office. PRESS RELEASE Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced that [...]
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India’s GMR Infrastructure is in talks with private equity investors to raise around $200 million by selling stakes in road projects, writes Reuters. The company is in talks with a fund jointly managed by India’s largest lender, State Bank of India and Australia’s Macquarie Group, writes Reuters. Reuters – India’s GMR Infrastructure Ltd is in [...]
The auction of Deutsche Bank Asset Management has apparently hit some roadblocks. But two bidders could still be in the running.
Macquarie Group and China Everbright Ltd. have raised $729 million for their Greater China infrastructure fund, Reuters reported. The first close, announced Tuesday, includes $479 million from institutional investors including PGGM, the second largest pension manager in the Netherlands, and the Korean Teachers’ Credit Union, Korea’s second largest pension plan, Reuters said. The fund will focus on infrastructure projects such as toll roads, airports and railways in China, Hong Kong and Taiwan.
Ken Savio has joined the Macquarie Group as a senior MD and head of Macquarie Securities in the U.S. He will be based in New York. Savio was previously with Bear Stearns in New York, where he held a number of senior management positions, including global head of trading and sales trading.
With two potential bidders pulling out this week, South Korea may put the breaks on the sale of the government’s 57% stake in Woori Finance Holdings, Reuters reported. The government will decide soon whether to suspend the $6 billion sale, Reuters said. Two groups, formed by Woori employees and customers, decided this week to pull out of the sale. South Korea received 11 bids in the first round of the auction, though most bidders wanted only minority stakes in Woori. Among the 11 bidders were the Carlyle Group, Macquarie Group, MetLife, and local private funds Vogo and MBK Partners, Reuters reported.
Australian investor Macquarie is planning to launch a fourth European fund focused on infrastructure deals, Reuters reported. The fund, which will likely exceed 1 billion euro, is expected to launch in the first half of 2011. The firm’s first three infrastructure funds amounted to 1.5 billion euros ($1.98 billion), 4.6 billion and 1.2 billion, Reuters said.
Australian investment bank Macquarie Group has added Thomas Hassen as chairman of its oil and gas investment banking group, Reuters said. Hassen was most recently at buyout shop Irving Place Capital. In the new post, Hassen will be based in New York.
Macquarie Renaissance Infrastructure Fund, a Russia-focused private equity fund, has paid $125 million for a 16% stake in private leasing company Brunswick Rail, Reuters reported. The deal combined an undisclosed amount of equity and debt, and is part of a planned $500 million fundraising goal for Brunswick Rail. Macquarie Renaissance is a joint venture between Australia’s Macquarie Group and Russia’s Renaissance Capital.