Singaporean real estate company CapitaLand Limited has emerged as another party conducting due diligence on AMP's AMP Capital Investors Limited (Collimate Capital Funds Management), along with EIG Global Energy Partners (EIG), which has tapped JPMorgan. DataRoom understands that CapitaLand is looking at buying the entire real estate and infrastructure manager, previously known as AMP Capital. Meanwhile, DataRoom can reveal that EIG is working with investment bank JPMorgan.

The thinking is that EIG would focus on taking the management rights for Collimate's infrastructure funds, paving the way for one of the Australian listed real estate trusts to take on the property funds management side of the business. Charter Hall, Mirvac, GPT and Dexus are all known to be keen to bring that part of AMP's valuable empire into their own stables. DataRoom reported on 16 February 2022 that EIG, which invests in energy infrastructure globally, was a suitor doing due diligence of Collimate Capital.

There were suggestions last week that three parties were believed to be carrying out due diligence on Collimate Capital and, while delivering its full-year results, AMP confirmed it had received approaches. It is believed the parties have been given access to a data room by AMP as it weighed whether to sell the business ahead of plans for a demerger of the unit by June 2022.