Announced
Financials
Tags
Friendly
United States
Cross Border
Pending
Pipelines
Acquisition
energy transmission
Private
Single Bidder
Private Equity
Minority
Synopsis
HICL, an infrastructure investment company managed by InfraRed Capital, agreed to acquire a 45.75% stake in Texas Nevada Transmission, an essential energy transmission infrastructure asset, from Manulife Investment Management, a global asset manager, and John Hancock. Financial terms were not disclosed. This investment sees HICL partner with LS Power, a US electricity system developer and operator who has successfully developed more than 13 GW of power generation and over 660 miles of transmission infrastructure.
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