Announced
Financials
Tags
Cross Border
Pending
Acquisition
Friendly
Minority
Renewable Energy Equipment
network of energy assets
United States
Private
Private Equity
Single Bidder
Synopsis
Abu Dhabi Investment Authority, an investment fund, agreed to acquire a 10% stake in Sempra Infrastructure Partners, an energy infrastructure company, from Sempra, a North American energy infrastructure company, for $1.79bn. "We are excited to add ADIA to the partnership at Sempra Infrastructure. As an investor with a global footprint, we expect ADIA will help our team build out a growth platform with an increasingly global capability. The timing of the transaction is attractive because it allows us to efficiently rotate capital into a growing set of investment opportunities at our utilities and return capital to our owners in the form of share repurchases. This transaction allows us to do both, while also supporting our balance sheet," Jeffrey W. Martin, Sempra Chairman and CEO.
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