Global Infrastructure Partners $5 billion acquisition of Equis Energy

Overview:

• Equis Funds Group has signed a sale and purchase agreement to sell Equis Energy—the largest renewable energy independent power producer in Asia-Pacific—to Global Infrastructure Partners and co-investors for $5 billion, which includes assumed liabilities of $1.3 billion.
• Equis Funds Group is a Singapore-based investment firm specialising in growth capital investment in the field of renewable and conventional power generation.
• The sale of Equis Energy started with an auction with Royal Dutch Shell and Softbank among the potential buyers.
• Once complete this will be the largest renewable energy generation acquisition to date.
• The co-investors are Public Sector Pension Investment Board and CIC Capital Corporation, a subsidiary of China Investment Corporation.
• JPMorgan and Credit Suisse acted as Equis Energy's financial advisors.

Wai Yee Tsang - Journalist