GIP Leads $3.7B Deal For Asia-Pacific Renewable Energy Co.
Law360, New York (October 25, 2017, 3:12 PM EDT) -- U.S. fund Global Infrastructure Partners, along with a handful of co-investors, unveiled plans Wednesday to shell out $3.7 billion for Singapore-based Equis Energy, the largest renewable-energy independent power producer in the Asia-Pacific region.
The acquisition of the company from developer and infrastructure fund manager Equis Pte. Ltd. is the largest renewable-energy generation acquisition in history, the companies said in a joint statement. Including debt, the deal is worth $5 billion.
The co-investors in the deal include Canadian pension investment manager Public Sector Pension Investment Board, China’s CIC Capital Corp., and several limited partners, GIP said in a statement.
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