KKR, Ontario Teachers' and PSP Investments Acquire Spark Infrastructure

December 22, 2021

A consortium of KKR, Ontario Teachers' Pension Plan Board and PSP Investments completed an all-cash acquisition of Spark Infrastructure for approximately A$5.2 billion. The deal, which received all regulatory approvals, gives the investors ownership of Spark's stakes in SA Power Networks, Victoria Power Networks (Citipower and Powercor), a stake in TransGrid and the Bomen Solar Farm as they seek to support Australia’s transition to low-carbon electricity infrastructure.

Buyers
KKR, Ontario Teachers' Pension Plan Board, Public Sector Pension Investment Board (PSP Investments)
Targets
Spark Infrastructure
Industry
Utilities
Location
New South Wales, Australia
Transaction Type
Buyout

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