Singapore, Jan. 19 (Korea Bizwire) — Equis Pte. Ltd (Equis) and Global Infrastructure Partners (GIP) announced today the closing of the previously announced sale by Equis of 100% of the equity interest in Equis Energyto GIP and its co-investors, for an enterprise value of USD5.0 billion (including assumed liabilities of USD1.3bn). The net transaction consideration has been settled in cash.
Headquartered in Singapore, Equis Energy is the largest renewable energy independent power producer(IPP) in the Asia-Pacific region (APAC), with more than 180 assets comprising 11,135MW in operation,construction and development across APAC including Australia, Japan, India, Indonesia, the Philippinesand Thailand.
The transaction is the largest renewable energy generation acquisition in history and positions GIP as a dominant renewable energy developer in the key OECD growth markets of Australia and Japan, as well as across India and South-East Asia.
About Equis Energy
Equis Energy operates from 15 Asian offices, employing over 300 professionals including 100 engineers and 38 local development professionals. Equis is the largest renewable energy IPP in the Asia-Pacific region based on installed capacity, with more than 180 assets comprising 11,135 MW in APAC, including Australia, Japan, India, Indonesia, the Philippines and Thailand. For more information, visit www.equisenergy.com
Equis is Asia’s largest independent developer and infrastructure fund manager, with a focus on developing and managing energy and infrastructure assets through Equis-controlled local development, construction management and operational teams. For more information, visit www.equisfg.com
About Global Infrastructure Partners
GIP is an independent infrastructure fund manager that combines deep industry expertise with industrialbest practice operational management. GIP invests in high quality infrastructure assets in the energy,transport and water/waste sectors where it has deep experience, strong relationships and provenperformance. For more information, visit www.global-infra.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/757747b1-2fcd-404f-8eec-b7ef1e7605c7
Roberto De Vido
GIobal Infrastructure Partners
212 315 8133