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
