Ardian acquires 41.9% stake in Hill Top Energy Center from Ares Management.

Ardian, a world-leading private investment house, acquires a minority stake of 41.9% in Hill Top Energy Center from Ares Management Corporation. Financial terms were not disclosed. “We are excited to make an investment in this state of the art project,“ said Ardian Infrastructure US co-head Mark Voccola about the combined-cycle plant project. “We are thrilled to be working with an experienced management team alongside experienced investors, Ares and Menora Mivtachim Insurance, on this transaction, which will bring efficient, low-cost, natural-gas fired power to a vital energy market.”