Merchich takes on African investment position
French development bank Proparco has promoted Ali-Wafa Merchich to senior investment officer dedicated to private equity for the North Africa region
TIM completes sale of fixed network, Italy
A KKR-led consortium has completed the €22 billion acquisition of TIM’s Italian fixed network. The telco is transferring the asset to FiberCop to facilitate the exit
TMRS commits $150m to SDC digital infra
Texas Municipal Retirement System has finalised a $150 million commitment to an SDC Capital Partners digital infrastructure vehicle
SFP Group invests in 3 infra assets
Swiss Finance & Property Group has made 3 secondary investments in infrastructure assets spanning the renewables, telecoms and transport industries.
SIFEM commits to Ashmore fund, Colombia
The Swiss Investment Fund for Emerging Markets has committed $15 million to an Ashmore-managed infrastructure fund focusing on Latin America
Nokia to acquire Infinera for $2.3bn, US
Nokia has reached an agreement to acquire California-based Infinera, a global supplier of open optical networking solutions, for $2.3 billion
Theofanopoulos made Growthfund CIO, Greece
Vasilis Theofanopoulos has today started a new position as chief investment officer at Greece’s Growthfund
Apollo’s third fund at $1.3bn
Apollo has raised around $1.3 billion for its third infrastructure fund, SEC filings show
CORD refinances debt facility, UK
Cordiant Digital has refinanced its €200 million Eurobond facility alongside the repayment of a €30 million vendor loan
Antin’s fifth fund nears €10bn target
French manager Antin Infrastructure Partners has raised €9.69 billion for its fifth flagship fund, according to SEC filings
Microsoft makes second Yorkshire land buy
Microsoft has bought a 48-acre land parcel in Leeds, Yorkshire for £106.6 million from real estate business Harworth Group
Pennsylvania SERS adds $100m to IPI fund
Pennsylvania’s State Employees’ Retirement System has approved a $100 million commitment to an IPI Partners fund
AirTrunk lenders prep refi ahead of firm's sale
AirTrunk lenders are preparing for a big refinancing ahead of a potential sale of the Australia-based hyperscale-focused data centre operator
Malaysia mulls 1GWp solar in SEZ with Singapore
Malaysia is planning to develop a 1GWp solar farm to supply green energy to the Johor-Singapore Special Economic Zone
Nokia to sell submarine network business
Nokia has entered into a put option agreement with the French state for the sale of Alcatel Submarine Networks, a submarine networks business, for an enterprise value of €350 million