AllFirst Equity Holdings has entered an agreement to acquire a 99% stake in ACEHI-STAR Holdings from renewable energy company AC Energy Holdings.

AC Energy Holdings is a wholly-owned subsidiary of Ayala Corporation and Star Energy Geothermal Holdings.

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Credit Suisse Group is the sole financial advisor for the transaction.

Rohas Tecnic has reached an agreement to acquire a 75% stake in HG Power Transmission Berhad from PT Safe Tower Systems for MYR91.66m ($21.39m).

Rohas Tecnic is engaged in infrastructure development, while HG Power Transmission provides extra high voltage (EHV) transmission lines and substations.

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As part of the agreement, Rohas Tecnic will acquire 4,900,068 ordinary shares in HG Power, and will issue 72.8 million new ordinary shares in the company priced at MYR0.95 ($0.22) a share, in addition to MYR22.5m ($5.24m) in cash.

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"Rohas Tecnic has reached an agreement to acquire a 75% stake in HG Power Transmission Berhad from PT Safe Tower Systems."

Tempo Australia has entered an agreement to acquire Australia-based companies KP Electric (Australia) and KP Electric (WA), which are jointly referred to as KP Electric.

The acquisition will be made for a cash consideration of A$6.8m ($5.4m).

Tempo Australia provides structural, mechanical, and piping construction services to the mining, oil, and gas sectors, while KP Electric is engaged in providing installation and maintenance services for electrical assets, as well as energy management.

KP Electric will continue to operate as a standalone business following the transaction.

Battery Ventures has completed the acquisition of AED-SICAD Aktiengesellschaft.

Battery Ventures is a technology-focused investor firm, whereas AED-SICAD Aktiengesellschaft is a geographic information systems (GIS) application company based in Germany.