Private investment firm EQT’s EQT Infrastructure VI fund (EQT Infrastructure) is to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners LP (Stonepeak). With the acquisition of MEI, EQT Infrastructure VI will be 0-5 per cent invested based on its target fund size of €20 billion (aprox. US$21 billion)
The transaction is subject to customary conditions and approvals and is expected to close in Q1 2023. With the acquisition of MEI, EQT Infrastructure VI will be 0-5 per cent invested based on its target fund size of €20 billion (aprox. US$21 billion).
The agreement to acquire MEI is the first transaction signed by EQT Infrastructure VI, which means that the fund has now been activated and has started charging management fees.
Founded in 2019 MEI is a specialist developer, owner, and operator of distributed solar and energy storage projects for commercial and industrial (“C&I”) and community-based customers in the US. Since inception, MEI has built a leading portfolio of more than 386MW across the US.
EQT Infrastructure will support the MEI management team and platform by providing access to growth capital to accelerate the deployment of distributed solar and storage assets, offering EQT’s in-house digital expertise to further digitalise the organisation, and expanding MEI’s reach across a broader customer base.
Read more: Private Equity Wire
