Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group PLC for Nexif Energy’s portfolio of Australian and Southeast Asian energy assets at an enterprise value in excess of $1 billion (transaction equity value of $605 million).
Capitalizing on the expertise, brand, and capital backing of its sponsors, Nexif Energy has built an attractive project portfolio with a total capacity of close to 2.7GW. Of this, nearly 500MW is currently operational or under-construction, increasing to c1.3GW operational or under-construction by 2023, and a further c1.4GW at various stages of development.
Nexif and RATCH will work together to manage and continue to grow the Nexif Energy portfolio through a new Nexif-RATCH joint venture following completion of the transaction.
Read more: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.