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Announced

Completed

KKR, Ontario Teachers’ and PSP Investments completed the acquisition of Spark Infrastructure for $3.7bn.

Financials

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Transaction Value£2,728m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium26%
One Off Charge-

Tags

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infrastructure fund

Australia

Majority

Single Bidder

Public

Infrastructure Funds

Private Equity

Acquisition

Cross Border

Friendly

Completed

Synopsis

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Investment companies KKR, Ontario Teachers’ and PSP Investments completed the acquisition of Spark Infrastructure, an Australian investment fund which owns and manages a portfolio of electricity infrastructure assets, for $3.7bn. “We are excited to invest in Spark Infrastructure, which is a world-class business that plays a critical role in Australian communities. Alongside Ontario Teachers’ and PSP Investments, we look forward to working with the management teams of Spark Infrastructure and its portfolio companies, to support the business’ objectives to improve grid stability and build secure, high-quality and cost-effective electricity infrastructure for customers across the country," Andrew Jennings, KKR Director.

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