Canada’s Brookfield to buy American Tower’s India ops for $2.5 billion: Report
The deal, one of the largest telecom infrastructure deals in the country, marks American Tower's exit from the Indian market. Meanwhile, it will be Brookfield's third telecom acquisition in India over the past four years. Key Points
India TodayBrookfield to buy annuities provider American Equity in $4.3 billion deal
Canadian investment firm Brookfield on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. Key Points
ReutersBrookfield in talks to acquire CleanMax Solar
Investment bank Rothschild is advising CleanMax on the fundraise, one source said. The funds, largely primary equity infusion into the company, will be used to expand its business in India as well as south east Asia and Gulf countries and to retire some debt, he added. Key Points
Economic TimesBrookfield acquires 51% stake in Bharti Realty
Brookfield Asset Management has bought a 51% controlling stake in Bharti Realty and took over its upscale properties near Delhi airport, Gurugram and Ludhiana. Brookfield's property operating arm, Brookfield Properties, will manage the units part of Bharti Realty. The remaining 49% will be retained by Bharti Enterprises. The transaction was concluded based on an enterprise value of Rs 5,000 crore. Key Points
Economic TimesBIRET-GIC to acquire 2 assets from Brookfield funds for $ 1.4 billion
The two assets in the financial capital and Gurugram have a built-up area of 6.5 million square feet, and are presently owned by Brookfield Asset Management's private real estate funds, BIRET said in a statement. Key Points
Financialexpress
Brookfield looking to sell 1.6 GW clean energy India assets
Currently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India. Investment bank JP Morgan has been hired to run the process, said people aware of the matter. Key Points
Economic TimesBrookfield India REIT, GIC form partnership to acquire 2 assets in India
This partnership between Brookfield India Real Estate Trust (REIT) and GIC will see the two entities acquire two large commercial assets in India totalling 6.5 million sq ft. The acquisition includes properties in Brookfield's Downtown Powai, Mumbai and Candor TechSpace, Sector 48, Gurugram (G1). The partnership reaffirms the quality of the Brookfield India REIT's portfolio, which has grown significantly due to the acquisitions. Key Points
Economic TimesTeleperformance, PE firms look to acquire Everise Holdings
Brookfield has hired Morgan Stanley to conduct the sale and hopes to raise around $1.4 billion. The bids are due later this week and may see interest from other private equity firms as well Key Points
mintBrookfield investing $1 billion in Avaada
Canadian investor Brookfield has agreed to invest $1bn in Avaada Ventures to support green ammonia plans and scale up renewable energy, in what would be the largest investment by a clean energy company in one go. Vineet Mittal, founder of the Avaada group, signed a formal agreement with Brookfield, with the first tranche of $400m already disbursed. The remaining $600m will be disbursed based on performance-linked milestones. Key Points
Economic TimesBrookfield completes deal to pick 51 per cent stake in Bharti Enterprises’ 4 commercial properties
In a statement, Bharti Enterprises and Brookfield Asset Management on Monday announced the successful closure of their joint venture agreement for a 3.3 million square feet portfolio of commercial properties primarily located in the Delhi-NCR region. Key Points
Financialexpress
Roche India arm leases 2 lakh sq ft office space
Roche Information Solutions India, the healthcare digital entity of the global pharmaceutical major, will be paying rentals of over ₹210 crore throughout the long-term lease of 9 years. The transaction has been finalised and both the parties have agreed upon the terms of the lease. The deal is likely to be registered in the next few days, said one of the persons mentioned above. Key Points
Economic TimesOutsourcing majors, PE funds in fray for Everise
Everise provides services in areas of health and wellness, travel and hospitality, media and communications, financial services and logistics & supply chain. Everise has 16,000 employees. It operates in Colombia, Guatemala, Ireland, India, Malaysia and the Philippines, with headquarters in Singapore and the US. Key Points
Economic TimesEarth Forward Dialogues continue: ESG visionaries explore discussions on sustainable strategies at Candor
Embarking on an ESG journey that resonates with the mission of Earth Forward, Brookfield Properties is at the forefront of pioneering sustainability across diverse sectors. Their unwavering commitment to fostering best environmental practices mirrors the global impact envisioned by the Earth Forward initiative. Key Points
Economic TimesATC India buyout to lend more ammo to Canada's Brookfield to fight Indus Towers
The recent $2.5-billion buyout of American Tower Corps India unit by Canadas Brookfield will give them more firepower to compete with Indus Towers. Both tower companies are expected to offer new products and aggressive rental deals while negotiating long-term tower contract renewals. This consolidation will result in two dominant towercos in the 3-player telco market, ensuring an overall balance in pricing power. Brookfield's acquisition of ATC India will also boost Reliance Jio's 5G rollout. The combined tower assets of Brookfield and Indus will account for 80% of the sector's tower assets in India. Key Points
Economic Times