Equis and Global Infrastructure Partners Announce Closing of US$5.0 Billion Renewable Energy Generation Acquisition of Equis Energy
Singapore, Jan. 19, 2018 (GLOBE NEWSWIRE) -- Equis Pte. Ltd (Equis) and Global Infrastructure Partners (GIP) announcedtoday 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 adominant renewable energy developer in the key OECD growth markets of Australia and Japan, as well asacross India and South-East Asia.
About Equis Energy
Equis Energy operates from 15 Asian offices, employing over 300 professionals including 100 engineersand 38 local development professionals. Equis is the largest renewable energy IPP in the Asia-Pacificregion based on installed capacity, with more than 180 assets comprising 11,135MW in APAC, includingAustralia, Japan, India, Indonesia, the Philippines and Thailand. For more information, visitwww.equisenergy.com
Equis is Asia's largest independent developer and infrastructure fund manager, with a focus on developingand managing energy and infrastructure assets through Equis-controlled local development, constructionmanagement 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 Equis Energy email@example.com Jack Cowell GIobal Infrastructure Partners 212 315 8133 Jack.Cowell@global-infra.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Global Infrastructure Partners via Globenewswire
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