Jayanta Banerjee has returned to ICICI Venture after a six-month stint at Lehman Brothers where he was leading the bank’s private equity investments for India. He will kick-start fundraising for the firm.
Istithmar has acquired a control stake in a $130 million hotel being developed in the heart of Bangkok’s commercial district. It is the latest in a series of planned investments in the region by the Dubai-based group.
Alinta is backing a $6.66 billion takeover offer from Babcock & Brown instead of a rival bid by Macquarie, as the Australian energy utility is convinced the former offers a “high degree of completion certainty.”