Global Infrastructure Partners $5 billion acquisition of Equis Energy

25/10/2017
Private acquisition

$ 5 billion

Announced

25/10/2017


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

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