Global Infrastructure Partners has agreed to acquire Singapore-based renewable energy company Equis Energy in a $5 billion transaction that includes assumption of $1.3 billion of debt. The deal is expected to close in the first quarter.
The other investors include Canada-based Public Sector Pension Investment Board and China-based CIC Capital Corp.
The sale includes the liabilities of $1.3 billion and the Indian portfolio of the Singapore-based renewable energy developer, comprising green energy platforms Energon and Energon Soleq.
Equis Energy is present in the Asia-Pacific region, including Japan, Australia, Indonesia, the Philippines, India and Thailand.
