The asset manager in question abandoned its bid partner, IFM Investors, in the lead-up to a bid deadline last Friday, deciding to turn its attention to other potential acquisitions locally and offshore.
Canadian asset manager Brookfield has dropped out of the $US2.5 billion ($3.7 billion) auction for a stake in infrastructure assets associated with Shell's QCLNG gas project in Queensland.
North American valuations and advisory firm Duff and Phelps has tapped Australian insolvency industry doyen Stephen Parbery to help build its new Australian practice.
UK-listed infrastructure investor John Laing Group is progressing plans to sell its Australian windfarms, after recutting the up-for-sale portfolio to exclude its solar farm developments.