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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