IIB underwrote and arranged the private placement amongst GCC investors in 2005 of a portion of a US$ 239 million investment in one of the most successful independent power producers in Asia. It provided our investors with access to the expanding electricity market in three of the fastest-growing economies in the world, namely China, South Korea and Taiwan. This investment is a pre-IPO opportunity with an expected Internal Rate of Return ("IRR") of 16-21% per annum, depending on the timing and valuation of the IPO.

An early exit was achieved in 2007.