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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