Announced
Financials
Tags
Pending
Renewable Energy Equipment
Friendly
Private
United States
Acquisition
renewable energy
Minority
energy project
Renewable Energy Project Development
Private Equity
Single Bidder
Cross Border
Synopsis
MEAG, the asset management arm for entities of Munich Re, NZ Super Fund, a sovereign wealth fund in New Zealand, and Infratil, a New Zealand-based infrastructure investment company, agreed to invest $500m in Longroad Energy, a renewable energy developer. "Infratil is extremely happy with this outcome. We remain very optimistic about the opportunities and outlook for Longroad. It is well-positioned in a key geography, with high-quality operating assets, built-in growth through its development portfolio, and a proven team. The new investment from a leading global infrastructure investor in MEAG is a strong endorsement of the business and the sector," Jason Boyes, Infratil CEO.
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