EQT last week announced its agreement to acquire Australian retirement village provider, Stockland Retirement Living, from Stockland property development group for a consideration of $716.7m.

The acquisition will be made by the private equity firm’s 15.7 billion fund, EQT Infrastructure V.

The fund, which after the acquisition will be 70-75% deployed, is dedicated to five core sectors, namely, energy, transport logistics, environmental, digital, and social infrastructure.

Read more: Yahoo Finance