Chae-Yeon Kim Dec 16, 2020 (Gmt+09:00)
ENG
The Ontario Teachers Pension Plan (OTPP) has agreed to invest 300 billion won ($275 million) in South Korea’s leading fried chicken brand BHC Group, valuing the franchise at 1.8 trillion won ($1.7 billion), according to investment banking sources on Dec. 16.
The Canadian pension fund has recently signed an agreement to buy shares in a special purpose company (SPC) that owns BHC from its existing shareholders, including Asia-based Elevation PE.
The SPC was formed in 2018 by BHC Chairman Park Hyun-jong, MBK Partners’ inaugural Special Situations Fund (SSF) and Elevation PE, formerly known as Rohatyn Group (TRG), to acquire the chicken franchise for 680 billion won. Back in 2013, Elevation PE alone had acquired BHC from another Korean chicken company for about $100 million.
National Investment and Infra Fund emerges top bidder for Mahindra Susten s solar assets
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If the deal materialises, it would be the first major acquisition by NIIF in the renewable energy space. NIIF is already an investor in CDC-owned Ayana Renewable Energy and Everstone Capital-owned Eversource.
Reuters
Mumbai: The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned by the Mahindra group, outbidding global private equity funds Brookfield Asset Management Inc and KKR, two people aware of the development said.
The major operational assets that are to be sold include a 337.5 MW solar park at Rewa, Madhya Pradesh and an 84.5 MW plant at Charanka, Gujarat.
I Squared Capital sells T-Solar in deal worth €1 5bn pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.
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I Squared Capital, a leading global infrastructure investment manager, announces that it has entered into an agreement to sell Grupo T-Solar to Cubico Sustainable Investments Ltd, the renewable energy specialist jointly owned by Ontario Teachers Pension Plan and PSP Investments, for a total enterprise value of €1.5 billion. Our objective during our stewardship of T- Solar was to improve operations, grow the platform and establish T-Solar as a leader in renewables energy in Spain. We will continue to invest globally in renewables generation as well as transition energy in both industrial and growth economies, said Sadek Wahba, Chairman of Grupo T-Solar and Managing Partner of I Squared Capital.