Thai infrastructure fund first to change energy-related financing

Author: Ashley Lee | Published: 30 Oct 2013
  • The Amata B. Grimm Power Infrastructure Fund initial public offering (IPO) marks the first listing of an energy-related infrastructure fund in Thailand;
  • Its structure is similar to that of Thailand’s first infrastructure fund listing in May;
  • The underlying assets were small power producers that sold power to both the national electricity authority and companies located in a Thai industrial park.
  • Because some of ABPIF’s customers were in the private sector, Thailand’s securities regulator needed to first clarify what underlying assets were permitted under its infrastructure fund regulations;
  • Deal counsel also had to consider tax uncertainty, as the revenue department had not promulgated its regulations for infrastructure funds.

The Amata B. Grimm infrastructure fund IPO represented the first listing of an energy-related infrastructure fund and only...



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