KWM has advised Nexif Energy’s joint venture companies, owners of a leading South-East Asian and Australian renewables and power generation portfolio, on its USD605 million purchase price / USD1 billion enterprise value sale of the portfolio to RATCH Group. The owners of the Nexif Energy joint venture portfolio are funds managed or advised by Denham Capital and Nexif. .
The Nexif Energy portfolio includes renewable energy (wind, solar and hydro) power plants, gas turbine power plants and battery energy storage systems across Australia, Thailand, Vietnam and the Philippines. Under the ownership of Denham Capital, the global energy transition investment firm, and ownership and management of Nexif, the portfolio has grown to 500MW of operational or under-construction projects and a total capacity close to 2.7GW.
KWM Partners Alex Elser (Sydney) and Michael Lawson (Singapore) led a multi-disciplinary team on the sale.
Commenting on the transaction, Alex Elser said: “KWM has a deep bench of expertise and experience in the energy and renewables space and a long history guiding private capital sponsors on transactions. We were therefore well placed to help the Nexif Energy joint venture and its owners on this milestone transaction drawing on our energy and private capital experts in Australia and South-East Asia.”
“The transaction is indicative of the rapidly accelerating focus in the region on alternative forms of energy generation and the transition of economies to a lower carbon future.”
