The direct infrastructure secondary increases Transurban's ownership across three major Sydney transport networks.
The transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
The Mumbai-based PE firm reportedly acquired a 2–3% stake from early investors, employees, and some founder-owned entities in the ad tech company.
PJT has reportedly been selected to advise on trimming the sovereign wealth fund's portfolio.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
The Swiss manager will acquire ownership in the pan-Nordic data center platform through its infrastructure secondaries strategy.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
The firm is reportedly seeking to offload at least 40% of its holdings, in a deal that would value the Singapore-based company at $5 billion.
