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Announced

Antin Infrastructure Partners to acquire a majority stake in SNRG from Centrica.

Synopsis

Antin Infrastructure Partners, a private equity firm, agreed to acquire a majority stake in SNRG, an owner-operator of smart grid systems for residential and industrial & commercial customers, from Centrica, an integrated energy company. Financial terms were not disclosed. With its first project implemented and a proven concept looking to be rolled out, we felt SNRG was the right company to launch our NextGen strategy with, as it focuses on value-added investing in sustainable, scalable and connected assets. We are excited at the opportunity to support SNRG in achieving the next phase of its growth, through the build-out of a significant, identified pipeline of projects procured through its relationships with major developers,” Anand Jagannathan, Antin Senior Partner.

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