Ares Infrastructure Funds Acquire Majority Stake in Apex Clean Energy
October 6, 2021
Ares Management Corporation’s Infrastructure and Power strategy, through funds and other accounts, has agreed to acquire a majority stake in Apex Clean Energy. The investment is intended to provide Apex with additional equity growth capital as it transitions to a pure-play renewable energy independent power producer (IPP) and expands into areas such as energy storage, distributed energy resources, and green fuels.
- Buyers
- Ares Management Corporation, EGCO Group, Varma Mutual Pension Insurance Company, Clal Insurance & Finance, Menora Mivtachim Group, ST International Corporation, Morgan Stanley Investment Management's Portfolio Solutions Group, The Hartford, Poalim Equity, IMM Investment Global
- Targets
- Apex Clean Energy
- Industry
- Renewable Energy
- Location
- Virginia, United States
- Transaction Type
- Growth capital
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