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KKR, Ontario Teachers' and PSP Investments Close Acquisition of Spark Infrastructure.

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MANews-(C)2009-2021

A consortium of US-based investment firm KKR, Canadian pension plan administrator Ontario Teachers' Pension Plan Board and Canadian pension investment manager Public Sector Pension Investment Board has closed the acquisition of all issued securities of Australian energy investor Spark Infrastructure (ASX: SKI) in an all-cash transaction for approximately AUD 5.2bn (USD 3.76bn), the group said.

Spark Infrastructure invests in essential energy infrastructure businesses within Australia, which serve over 5m homes and businesses, and are deeply involved in supporting the transition of Australia's electricity grid to one that is increasingly reliant on renewable energy.

Spark Infrastructure's portfolio comprises 49% of SA Power Networks, the sole operator of South Australia's electricity distribution network; 49% in Citipower and Powercor, the operator of distribution networks that supply electricity to over 1.1m customers; 15.01% of TransGrid, the largest high-voltage electricity transmission network by volume in the National Electricity Market; and 100% of the 120MWDC /100MWAC Bomen Solar Farm located north of Wagga Wagga in New South Wales.

KKR (NYSE: KKR) is making the investment through its core infrastructure strategy which focuses on investing in...

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