.
MergerLinks Header Logo

Announced

ADIA to acquire a 10% stake in Sempra Infrastructure Partners from Sempra for $1.79bn.

Financials

Edit Data
Transaction Value£1,350m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Pending

Acquisition

Friendly

Minority

Renewable Energy Equipment

network of energy assets

United States

Private

Private Equity

Single Bidder

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US