Tag Archives: Energy

Verdalia Bioenergy closes €671m landmark corporate financing to accelerate biomethane portfolio across Spain and Italy

LaCaisse
  • One of the largest financings in the European biomethane sector to date and first corporate infrastructure financing deal for a largely greenfield company
  • €671m fully committed package to support the development of a portfolio with a combined capacity in excess of 3 TWh/year
  • Backed by a club of leading domestic and international banks and institutional investors

Verdalia Bioenergy today announced the closing of a landmark €671 million corporate financing, the first and largest of its kind in the European biomethane sector. The transaction will support the company’s investment plan to build and operate a portfolio of projects across Spain and Italy with an aggregate production capacity in excess of 3 TWh per year – equivalent to the annual consumption of nearly one million households. The total capital to be deployed in the portfolio will exceed €1 billion.

The financing, structured to provide strategic flexibility, will cover biomethane plants construction as well as acquisitions, giving Verdalia the tools to pursue both greenfield and brownfield growth over the next four years.

The portfolio already includes seven plants in operation and six under construction in Italy, which are expected to start injecting biomethane into the grid in early 2026. In Spain, Verdalia is currently building its first plant and will commence construction of two additional facilities before the end of this year.

The transaction was supported by a consortium of leading international banks – ING, Société Générale, UniCredit, BBVA, SMBC, Santander and Sabadell – alongside global investment group La Caisse and Rivage. Rothschild & Co acted as exclusive financial adviser.

Fernando Bergasa, Co-founder, Chairman and CEO of Verdalia Bioenergy, said:

“This milestone constitutes a big leap forward for Verdalia and for the biomethane industry in Europe. It demonstrates the trust of top-tier financial institutions in our strategy and underlines the role that renewable natural gas will play in achieving decarbonisation targets and energy independence.”

Matteo Botto Poala, Managing Director in Infrastructure at Goldman Sachs Alternatives and board member of Verdalia, added:

“We are proud to support Verdalia in this landmark transaction. This financing validates the ability to attract infrastructure capital into the biomethane sector and highlights the scalability and resilience of biomethane as a core pillar of Europe’s energy transition.”

Verdalia Bioenergy was advised by Rothschild & Co as exclusive financial adviser and Ashurst LLP as legal counsel. The lenders were advised by Latham & Watkins LLP. Palmer Agency Services acted as Agent.

Technical due diligence was provided by AFRY, commercial due diligence by BCG, ESG due diligence by ERM, insurance due diligence by Aon, and financial & tax due diligence by EY.

About Verdalia Bioenergy

Verdalia Bioenergy Ltd was founded in early 2023 by Fernando Bergasa and Cristina Ávila, together with the Infrastructure fund of Goldman Sachs Alternatives. Verdalia aims to invest over €1 billion in developing, building or acquiring and operating large assets to become one of the leading pan‑European biomethane operators.

About Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the world’s leading alternative investors, with more than $450 billion in assets under management. Established in 2006, Infrastructure at Goldman Sachs Alternatives has consistently navigated the evolution of the infrastructure asset class, having invested over $16 billion since inception. The business partners with experienced operators and management teams across multiple sectors, including energy transition, digital infrastructure, transportation and logistics, and circular economy.

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Ardian signs agreement with I Squared Capital to acquire Energia Group, a leading energy utility in Ireland

Ardian

Positions Energia Group for continued investment in the energy transition

Ardian, a world-leading private investment firm, today announced that it has entered into a definitive agreement to acquire 100% of Energia Group (“Energia”), one of the largest energy utilities on the island of Ireland, from I Squared Capital (“I Squared”), a leading global infrastructure investor. The transaction is expected to be completed in Q1 2026, subject to customary regulatory approvals.

Energia operates across the entire energy value chain in the Republic of Ireland and Northern Ireland, serving almost 900,000 homes and businesses. It is one of the longest established providers of renewable electricity in Ireland, supplying approximately 17% of the island of Ireland’s total electricity requirements and 20% of its total wind power. Energia combines renewables, flexible generation, and customer solutions, and has a strong track record of successful renewable energy developments, with an attractive pipeline of new wind, solar and BESS capacity.

The Group is well positioned to meet Ireland’s increasing demand for secure, low-carbon electricity to sustainably power the country’s growing digital economy. Energia has also entered into a strategic partnership with a global technology partner for the development of a 165MW data center in Dublin and its corresponding supply of renewable energy, solidifying its leadership in the energy transition.

Under I Squared’s ownership since 2016, Energia has undergone a significant transformation into a modern, diversified utility underpinned by a strong renewables pipeline, modern customer solutions, and critical grid infrastructure. This included commissioning a green hydrogen project, expanding onshore wind and into solar, and investing in batteries and grid stability services. Energia today offers a compelling combination of regulated and long-term contracted earnings, alongside exposure to Ireland’s strong structural growth in electricity demand.

Ardian’s acquisition reflects long-term confidence in Energia’s strategic position and future growth. Energia combines the earnings stability of regulated and contracted assets with exposure to structural growth in demand, with highly secured projects ready to meet rapidly increasing energy demand. Ardian will leverage its expertise in essential infrastructure and across the energy value chain to support Energia in its next phase of growth, particularly through its experience developing and managing renewables platforms, alongside its track record in data centers.

The transaction will have no impact on Energia’s customers, employees, partners or suppliers. The company remains committed to delivering on its strategy and supporting Ireland’s sustainable energy future.

“Energia’s focus remains on transforming Ireland’s energy system by deploying renewables and other low carbon solutions at scale, while continuing to deliver secure and affordable energy to our domestic and commercial customers. We are grateful for I Squared’s support over the past nine years and the strong, future-ready platform we have built together.”

“Ireland is at a pivotal point, with rapid electrification, growing demand from new technologies, and global investment in digital infrastructure all accelerating. Energia is ideally placed to meet these needs, and with Ardian’s long-term backing, we’re excited to continue scaling our business to help power this next phase of Ireland’s growth for our customers, partners and employees.” Ian Thom, CEO of Energia

“We are proud to be investing in Energia, which marks Ardian’s first investment in Ireland. The company has demonstrated its market leadership in Ireland and Northern Ireland over many years and has ambitious plans to grow, driven by secured capital projects and increasing energy demand. Ardian is a highly experienced investor in essential infrastructure and European utilities. We have been impressed by Energia’s strong growth and resilience in the context of a volatile energy market, and look forward to sharing our expertise to further develop its renewable generation portfolio, flexible capacity and enhance the efficiency of the whole company.” Juan Angoitia, Co-Head of Infrastructure Europe & Senior Managing Director, Ardian

“Energia is at the forefront of the convergence between energy utilities and digital infrastructure. The company’s pioneering approach to combining hyperscale data center development with new renewable energy generation, will unlock significant opportunities for growth in Ireland. We look forward to working with the management team on their ambitious plans to support the decarbonisation of the entire economy.” William Briggs, Managing Director, Ardian

“This sale represents one of I Squared’s largest exits and is a testament to the hard work and dedication of the whole Energia team. Since our initial investment in Energia in 2016, I Squared has deployed over USD 3 billion in portfolio companies with Irish operations, underscoring our deep confidence in Ireland’s economy and supportive investment environment. Ireland continues to attract leading global companies and offers exceptional opportunities for infrastructure investors like I Squared. We remain committed to Ireland and look forward to building on our strong track record of investing in its growth and innovation.” Mohamed El Gazzar, Senior Partner, I Squared Capital

Participants

  • Ardian

    • Juan Angoitia-Grijalba, William Briggs, Alexis Ballif, Alvaro Sanz Carrasqueño, Matthias Hübener, Niranjan Bhardwaj, Angel Sanchez-Cantalejo
    • Financial: Evercore
    • Legal: Kirkland & Ellis, Matheson
    • Financial, Tax, Technical and Environmental Due Diligence: Alvarez & Marsal
    • Commercial Due Diligence: Afry, Timera
    • Regulatory Due Diligence: NERA

  • I Squared

    • I Squared’s financial advisers were Morgan Stanley, Barclays and Santander. Legal advice for I Squared was provided by Simpson Thacher & Bartlett. Irish legal advice was provided by Arthur Cox.

ABOUT ENERGIA

Energia Group is a leading integrated Irish energy business with substantial operations in both the Republic of Ireland and Northern Ireland. The Group primarily operates across three business units: Renewables, Flexible Generation and Customer Solutions, and is committed to powering the energy transition across the island of Ireland.
The Group owns and operates 16 wind farms on the island, with two further projects almost complete, and also has two gas-fired power stations in north County Dublin that are critical to security of supply. The Group’s ongoing investments in new renewable electricity projects will play an important role in the achievement of Ireland’s renewable electricity and wider decarbonisation goals for 2030.
Energia supplies almost 17% of the island of Ireland’s total electricity requirements and 20% of the island’s total wind power meeting the energy needs of almost 900,000 homes and businesses with competitive electricity and gas services provided through its two retail brands Energia and Power NI.
With offices in Dublin, Belfast, Antrim, and Omagh, Energia employs over 1,100 people and is one of only a small number of companies to have achieved the Business Working Responsibly mark from Business in the Community, the leading independently audited standard for CSR and Sustainability in Ireland.

energiagroup.com

About Ardian

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT I SQUARED CAPITAL

I Squared Capital is a leading global infrastructure investor managing $50 billion in assets. We build and scale essential infrastructure businesses that deliver critical services to millions of people worldwide. Our portfolio includes over 90 companies operating in more than 70 countries and spanning sectors such as energy, utilities, digital infrastructure, transport, environmental and social infrastructure. Headquartered in Miami, our team of over 300 professionals is based across offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney and Taipei.

isquaredcapital.com

Press contact

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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KKR Expands Strategic Partnership with ADNOC with Gas Pipelines Investment

KKR
  • KKR makes long-term investment in ADNOC Gas Pipeline Assets LLC, reflecting the firm’s confidence in ADNOC and in Abu Dhabi as a premier investment destination
  • Transaction builds on KKR and ADNOC’s 2019 landmark oil pipelines deal, which catalyzed additional foreign direct investment into Abu Dhabi and similar transactions in the region
  • KKR’s increased capital commitment in the Middle East reinforces its longstanding and expanding presence in the region and global leadership in critical infrastructure

Abu Dhabi, United Arab Emirates (UAE), 1 October, 2025 – KKR, a leading global investment firm, today announced that KKR has acquired a minority stake in ADNOC Gas Pipeline Assets LLC. The new investment further strengthens KKR’s long-term strategic partnership with the Abu Dhabi National Oil Company (ADNOC), and reflects the firm’s confidence in Abu Dhabi’s competitiveness as a premier global investment destination.

This transaction follows KKR and ADNOC’s landmark 2019 oil pipelines deal, a first for the region that continues to serve as a template for further transactions across the Middle East. The structures allow regional partners to access new pools of global institutional capital while maintaining operating control over the assets. 

“We are pleased to expand our strategic partnership with ADNOC and to invest further in Abu Dhabi’s long-term prosperity and critical infrastructure,” commented General David Petraeus (US Army, Ret.), Partner, KKR, Chairman of the KKR Global Institute, and Chairman of KKR Middle East. “This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East. The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”

Cristina González, Managing Director, Infrastructure at KKR, added: “KKR has a long history of owning and operating critical national infrastructure worldwide, collaborating closely with governments. This strategic partnership leverages KKR’s expertise in infrastructure investments and ADNOC’s operational excellence to deliver practical energy solutions. This investment in ADNOC Gas Pipeline Assets provides access to high-quality, long-dated yield alongside an outstanding partner in ADNOC. ”

The gas pipeline network connects ADNOC’s upstream assets to local off-takers in the UAE. Pipeline ownership and operational management remain with ADNOC. KKR is acquiring a minority stake through its managed accounts, matching the type and tenure of the investment with long-duration capital.

The strategic partnership with ADNOC highlights KKR’s commitment to the broader Middle East, expanding on the firm’s 16-year local presence and its investments in key sectors that support regional growth. Earlier this year, KKR announced the appointment of General Petraeus as Chairman of the Middle East and the establishment of a dedicated regional investment team led by Julian Barratt-Due. Also in 2025, KKR invested in Dubai-based Gulf Data Hub, a leading independent data center platform, which is expected to help accelerate digital transformation and AI leadership in the region.

Since establishing its Global Infrastructure Strategy in 2008, KKR has been one of the most active infrastructure investors worldwide, managing over $90 billion in infrastructure assets with a team of more than 130 professionals across North America, Europe, the Middle East, and Asia Pacific.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media contacts
Annabel Arthur, KKR
+44 7554 919 491
Annabel.Arthur@kkr.com

 

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AURELIUS to acquire Landis+Gyr’s EMEA metering business

Aurelius Capital
  • AURELIUS has entered into a share purchase agreement to acquire Landis+Gyr’s EMEA metering business
  • The business generated net revenues of more than $600m in FY24 and employs about 2,700 people at five production sites across the EMEA region
  • Landis+Gyr EMEA is a leading provider of metering solutions predominantly for electricity, thermal and gas in residential and commercial applications

London/Luxembourg, September 29, 2025 – AURELIUS Private Equity Mid-Market Buyout has entered into a share purchase agreement to acquire the EMEA metering business from SIX Swiss Exchange-listed Landis+Gyr for an enterprise value of $215m.

The transaction scope of Landis+Gyr EMEA encompasses the full metering portfolio for residential electricity, ICG electricity, gas, thermal, as well as the related integrated solutions for software and services and operations in Europe, the Middle East and Africa.

With foundations dating back over a century and deep roots in Swiss precision engineering, Landis+Gyr EMEA has developed a strong reputation for high-quality products. Based on this reputation, AURELIUS sees attractive growth opportunities across the company’s portfolio and regions. AURELIUS’ dedicated in-house operations advisory team AURELIUS WaterRise will also support Landis+Gyr EMEA to realise its full potential as a standalone business by focusing on delivering the carve-out and working with management on identified levers to grow revenues and improve bottom line profitability.

Fabian Steger, Managing Director AURELIUS Funds IV and V, says: “I am pleased to see the momentum AURELIUS has built in a challenging M&A market, identifying many attractive carve-out opportunities and converting them into transactions. The acquisition of Landis+Gyr’s EMEA business is another example of this.”

Franz Woelfler, Partner at AURELIUS Investment Advisory, says: “Landis+Gyr’s EMEA business benefits from favourable fundamental trends in the metering market. AURELIUS is excited to partner with management and the business’ highly skilled employees to bring the enterprise to its full potential, but also to contribute to a more resource-efficient world through its market-leading technology.”

The transaction is subject to customary regulatory approvals and other closing conditions. It is expected to close in Q2 2026.

AURELIUS was advised by Alantra (M&A), Baker McKenzie (Legal), EY (Financial and Tax), Roland Berger (Commercial), Aon (Insurance), and Haver & Mailänder (Antitrust).

About AURELIUS

AURELIUS is a global private equity investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America.

AURELIUS is a renowned specialist for complex investments with operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions. To date, AURELIUS has completed more than 300 transactions, and has built a strong track record of delivering attractive returns to its investors. Its approach is characterised by its uncompromising focus on operational excellence and an unrivalled ability to efficiently execute highly complex transactions.

More info: www.aurelius-group.com

AURELIUS media contact:

Harald Kinzler
Head of Communications
harald.kinzler@aurelius-group.com
+44 7785 722 191

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Blackstone Credit & Insurance Leads $7 Billion Investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2

Blackstone

NEW YORK – September 23, 2025 – Blackstone Credit & Insurance (“BXCI”) is leading a $7 billion investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2.

Funds managed by BXCI, together with an investor consortium, have acquired a 49.9% minority equity interest in the project. Sempra Infrastructure Partners has retained a 50.1% majority stake.

“We are proud to partner with Sempra Infrastructure on this critical project which will help address rising global energy demands,” said Rick Campbell, Senior Managing Director, Blackstone Credit & Insurance. “The partnership highlights Blackstone’s focus on providing large scale and flexible high-grade capital solutions to the world’s leading corporations.”

“This investment led by Blackstone Credit & Insurance represents an important step forward in the advancement of Port Arthur LNG Phase 2,” said Faisel Khan, Senior Vice President and Chief Financial Officer, Sempra Infrastructure. “We recognize the strength of this distinguished group of investors who share our commitment to delivering reliable energy to global markets. This milestone reflects the strength of our team and our strategy to build world-class infrastructure that supports energy security and economic growth.”

Additional details on Sempra Infrastructure Partners’ Final Investment Decision on Port Arthur LNG Phase 2 and related announcements are available here: https://www.sempra.com/newsroom/press-releases/sempra-announces-strategic-transactions-advancing-goal-building-leading-us

Morgan Stanley & Co. LLC acted as financial advisor and Milbank LLP acted as legal counsel to BXCI.

About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Contact
Thomas Clements
Thomas.clements@blackstone.com
646 482 6088

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Blackstone Announces Agreement to Acquire Hill Top Energy Center in Western Pennsylvania for Nearly $1 Billion

Blackstone

New York, NY – September 15, 2025 – Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”) have entered into a definitive agreement to acquire Hill Top Energy Center (“Hill Top”), a 620-megawatt natural gas power plant in Western Pennsylvania for nearly $1 billion, from Ardian, a global private investment firm.

This transaction follows Blackstone’s recent July 2025 announcement that it would invest over $25 billion to support the build out of Pennsylvania’s digital and energy infrastructure supporting the AI revolution and help catalyze an additional $60 billion investment into the Commonwealth.

Hill Top is one of the newest and most efficient combined cycle gas turbine plants in the country with among the best-in-class operating performance – situated in an area of the country that is well suited to serve as a strategic hub to power America’s AI future. Completed in 2021 and located in Greene County, Pennsylvania, Hill Top will continue to help support the power needs related to data center development and other use cases in the Pennsylvania-New Jersey-Maryland (“PJM”) electric market.

Bilal Khan, a Senior Managing Director, and Mark Zhu, a Managing Director, at Blackstone Energy Transition Partners, said: “The electricity infrastructure required to power the AI revolution requires a tremendous amount of capital. We are proud to make our latest investment in this sector – which is among our highest conviction investment themes – in Western Pennsylvania. Hill Top is among the best-in-class and a highly efficient modern power generation facility that is exceptionally well positioned to help Pennsylvania and the region serve as a key center of AI innovation.”

“In addition to the historic $25 billion investment they announced at our Energy and Innovation Summit in Pittsburgh this summer, I am thrilled to see Blackstone deepening its commitment to Pennsylvania’s energy infrastructure,” said Senator Dave McCormick.

Blackstone is a leader in investing in the infrastructure powering AI – across not just energy but a wide array of areas. Blackstone is the largest data center provider in the world with major investments in both Pennsylvania and globally. Blackstone also recently made an investment in Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, and has been in late stage development or construction for approximately 1,600 megawatts of new-build power generation capacity over the last three and a half years in the United States.

Santander and Houlihan Lokey served as financial advisors and Kirkland & Ellis served as a legal advisor to Blackstone Energy Transition Partners on this transaction.

About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

About Ardian
Ardian is a world-leading private investment firm, managing or advising $180bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last. Ardian.com 

Media Contacts

Blackstone
Jennifer Heath
Jennifer.Heath@Blackstone.com

Ardian
H/Advisors Abernathy
ardian@h-advisors.global

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Apollo Commits €3.2 Billion to RWE Joint Venture Supporting the German Transmission Grid

Apollo logo

Investment will help fund long-term growth capex for grid expansion

NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates have agreed to commit €3.2 billion of equity to a newly established joint venture with RWE, Germany’s largest power producer and a global leader in renewable power generation. The JV will be operationally controlled by RWE and hold and fund RWE’s 25.1% stake in Amprion, a Transmission System Operator (TSO) spanning across seven German federal states and serving approximately 29 million people and industrial corporations.

The JV will provide the required equity capital for its 25.1% stake to support Amprion’s major investment program for grid expansion over the next decade, enhancing critical German energy infrastructure. The JV is supported by reliable and stable dividend returns from Amprion’s regulated asset base. For RWE, the partnership with Apollo also aligns with its strategy to grow its generation portfolio of renewables, batteries and flexible generation assets and to focus on its core activities of power generation and energy trading.

Apollo Partner Jamshid Ehsani said, “This partnership with RWE will help fund long-term capex for critical grid expansion in Germany to power homes and industry, and it underscores our focus on delivering tailored capital solutions to leading global companies and essential infrastructure. It also reflects Apollo’s commitment to strong, lasting partnerships across both the private and public sectors. Looking ahead, we expect to further accelerate our investment activity in Europe, with a particular focus on Germany, France, Italy and the UK.”

The JV investment builds on Apollo’s significant record of providing scaled capital solutions to leading companies. Since 2020, Apollo has originated more than $100 billion of bespoke, high-grade solutions, including for European companies and/or European assets such as EDF, BP, Vonovia, Air France-KLM, AB InBev and Intel’s Fab 34 in Ireland, among others. Earlier this year, the Firm announced that it expects to deploy more than $100 billion in Germany alone over the next decade, helping to meet market demand for long-term financing and investments.

The transaction is subject to regulatory approvals and customary closing conditions, and it is expected to close in the fourth quarter of 2025. Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to the Apollo funds.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

 

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Carlyle to acquire Altera Infrastructure Group’s FPSO business

Carlyle

London and Aberdeen, UK – 01 September 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire a diversified FPSO (Floating Production, Storage and Offloading) business from Altera Infrastructure Group, a leading offshore energy infrastructure company owned by Brookfield Asset Management’s private equity business. The transaction is subject to customary closing conditions and regulatory approvals.

The acquired business includes ownership of multiple FPSOs and one FSO (Floating Storage and Offloading), which are underpinned by long-term contracts with major oil and gas companies. The portfolio includes the Petrojarl Kong FPSO and FSO Yamoussoukro, deployed in the Ivory Coast with Eni, which represents the first net zero emission upstream project (Scope 1 and 2) in Africa, the Piranema FPSO, as well as 50% of the Altera&Ocyan joint-venture asset Pioneiro de Libra FPSO, deployed in Brazil with Petrobras. Additionally, the business benefits from a strong pipeline of future growth and redeployment opportunities.

Carlyle’s investment will support the Altera FPSO business through its sector-specific investment team and available follow-on equity capital for accretive growth and M&A, building on the company’s track record in redeployments.

Equity for the transaction will come from Carlyle International Energy Partners II (“CIEP II”), a private equity fund that focuses on energy opportunities globally. Carlyle will leverage its strong track record and experience in successful carve-outs of energy assets, following previous investments in Neptune Energy, Assala Energy and SierraCol.

Bob Maguire, Co-Head of CIEP, said: “This is a rare opportunity to acquire an established and high-quality FPSO business with a strong management team, operating track record and long-term cashflows. This portfolio benefits from long-term contracts, strong FPSO market fundamentals, and exposure to world-class operators which position it well for success.”

Bendik Dahle, Managing Director on the CIEP investment team, said: “We are delighted to partner with Altera FPSO to further build out the business’ scale and operations. We look forward to working closely with their strong management team to support the business in becoming a leading FPSO player globally through unlocking organic growth opportunities, M&A, partnering with operators on the delivery of their flagship upstream projects and supporting their decarbonization plans.”

Chris Brett, President at Altera Production, and Arne Hygen Tørnkvist, Executive Vice President – Projects, said: “Partnering with Carlyle marks an important step forward in our journey. Carlyle’s deep sector expertise and global network in the energy space, combined with its scale and resources, will allow us to further optimize the long-term performance of our assets, identify efficiencies across the portfolio and execute on growth initiatives to scale the business. We are excited to partner with Carlyle and look forward to delivering for our clients in a rapidly evolving energy landscape.”

—

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $465 billion of assets under management as of June 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

About Altera Infrastructure Group

Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and West Africa.

Altera Infrastructure has consolidated assets of approximately $3 billion, consisting of offshore assets: floating production, storage and offloading (FPSO) units and floating storage and offtake (FSO) units. An additional three offshore units are managed through a joint venture. The majority of Altera Infrastructure’s fleet is employed on medium-term, stable contracts.

Media Contacts

Charlie Bristow
Carlyle
Charlie.Bristow@carlyle.com
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CVC DIF to acquire a large scale hybrid solar PV and battery storage project in Chile

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CVC Capital Partners
  • CVC DIF has agreed to acquire a utility-scale hybrid PV-BESS energy project in Chile from Grenergy.
  • The project is currently under construction in Northern Chile and comprises 272 MW of installed solar PV capacity and 1,100 MWh of battery storage
  • The investment highlights CVC DIF’s commitment to the global energy transition sector

CVC DIF, the dedicated infrastructure investment strategy of leading global private markets manager CVC, is pleased to announce that it has agreed to acquire the Gabriela project, a utility-scale hybrid PV-BESS energy project located in Northern Chile, from Grenergy, a Spanish multinational clean energy producer.

The project comprises 272 MW of installed solar capacity and 1,100 MWh of battery storage. The project is currently under construction and is backed by a signed 15-year USD denominated, inflation-indexed hybrid power purchase agreement (PPA). This asset will also benefit from Chile’s supportive regulatory framework for storage investments.

The investment highlights CVC DIF’s commitment to the global energy transition sector, where it already manages renewable energy assets totaling over 7 GW of installed capacity and several investments in BESS and multi-technology projects.

Caine Bouwmeester, Partner, Co-head of DIF Infrastructure fund strategy and Head of Renewable Energy of CVC DIF commented: “We are very pleased to partner with Grenergy on this exciting project in Chile’s renewable energy sector. Gabriela will combine large-scale PV and battery storage to deliver reliable, clean energy and improve the resilience of the Chilean grid. This investment underlines our long-term commitment to the global energy transition.”

Quotes

We are very pleased to partner with Grenergy on this exciting project in Chile’s renewable energy sector.

Caine BouwmeesterCo-head of DIF Infrastructure fund strategy and Head of Renewable Energy of CVC DIF

According to David Ruiz de Andrés, CEO of Grenergy: “This transaction reflects the value and deep expertise in our hybridization model, as well as the ability to bring in high quality investment partners. We’re delighted with the agreement with CVC DIF and proud to partner on this important project, and look forward to future projects together.”

The asset transfer will take place after the Commercial Operation Date (COD), expected in the first half of 2026, and remains subject to the fulfillment of conditions customary for these types of transactions.

CVC DIF is advised by BNP Paribas (financial advisor), Cuatrecasas (legal advisor), KPMG (tax advisor), Valgesta (commercial advisor), DNV (technical advisor) and Marsh (insurance advisor).

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Endeit Capital Leads €12.5M Investment in Deftpower to Accelerate Europe’s Smart Charging Future

Endeit

Deftpower

Investment round led by Endeit Capital with participation from Proeza Ventures, 4impact Capital, Rethink Mobility, and business angel Jan Fredriks.

Arnhem, Friday 29th 2025 — Deftpower, the fast-growing European provider of AI-powered electric vehicle charging solutions, has raised €12.5 million in a round led by Endeit Capital. Existing investors Proeza Ventures, 4impact Capital, Rethink Mobility, and business angel Jan Fredriks are participating in the round. The funding will accelerate Deftpower’s European expansion and further develop its AI-driven smart charging technology.

Smart charging for a cleaner, more stable grid

Deftpower’s mission is clear: make EV charging cheaper, cleaner, and smarter for EV drivers and charge point operators, while easing pressure on Europe’s congested power grids.

Unlike other EV charging platforms, its scalable infrastructure can handle millions of transactions transparently and efficiently, cutting operational costs and reducing customer frustration.

Deftpower’s AI-driven smart charging gives it a unique advantage: the platform can anticipate charging needs even before an EV is plugged in. By shifting charging to times when renewable energy is abundant and prices are low, customers save money while Co2 emissions and grid strains are reduced. Two-thirds of charging can potentially be moved from peak to off-peak hours, an essential step in building a resilient, renewable-based energy system. 

Strengthening the highly burdened grids

Europe’s grids face unprecedented congestion, costing society hundreds of billions in lost economic activity and forced grid upgrades. Building more grid infrastructure alone cannot keep pace with rising demand from electrification. Deftpower tackles the problem at its source: by adjusting demand to match renewable energy production instead of the outdated approach of ramping production to meet demand.

When using Deftpower’s platform, two-thirds of charging potentially shifts from peak to off-peak hours, easing strain on grid infrastructure and maximizing the use of clean, low-cost electricity. This is a win for consumers, energy providers, and grid operators alike.

Proven scale and growth

Deftpower’s white-label eMobility Service Provider (eMSP) already serves more than 40 clients across 10 European countries. Designed to handle millions of transactions with full transparency, it supports the industry’s next stage: seamless smart charging and readiness for vehicle-to-grid (V2G) technology.

Despite employing just 70 people, Deftpower has been growing fast since the start.

Collaboration between Endeit Capital and Deftpower

Endeit has been investing for more than 20 years in the best founding teams in Europe. Endeit recognises Deftpower as the most innovative and ambitious scale-up in the European EV market. 

Endeit Capital’s perspective: “As a lead investor, we see Deftpower as uniquely positioned to be the backbone of Europe’s EV charging future, one where cost savings, carbon reduction, and grid stability go hand in hand. Their AI-driven approach is exactly what the energy transition needs at scale.” – Sara Resvik, Partner Endeit Capital. 

“As a lead investor, we see Deftpower as uniquely positioned to be the backbone of Europe’s EV charging future.”

Sara Resvik, Partner
Partner Endeit Capital. 

“We know charging your EV is both too expensive and too complicated today and the aggregator role we foresee for the MSP will tie the room together as it should. All players, including EV drivers, charge point operators and grid operators benefit financially from Deftpower’s charging platform,” says Deftpower CEO Jacob van Zonneveld.

About Deftpower

Deftpower is an Arnhem and Berlin-based technology company, founded by Jacob van Zonneveld, Marc Diks, and Remco Tjeerdsma. Deftpower is building the most advanced AI-powered charging platform for electric vehicles in Europe. Through white-label solutions for eMobility Service Providers, Deftpower enables millions of EVs to charge at the best times for consumers, the environment, and the grid. www.deftpower.com.

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