Global Infrastructure Partners and EQT Consortium to Acquire AES for $10.7B Equity Value
March 2, 2026
A consortium led by Global Infrastructure Partners (GIP), a part of BlackRock, and EQT Infrastructure VI, along with co-underwriters CalPERS and Qatar Investment Authority, has entered into a definitive agreement to acquire The AES Corporation for $15.00 per share in cash. The deal values AES at about $10.7 billion in total equity value and approximately $33.4 billion enterprise value, including assumed existing debt, and is expected to close in late 2026 or early 2027.
- Buyers
- Global Infrastructure Partners (GIP), EQT Infrastructure VI, California Public Employees' Retirement System (CalPERS), Qatar Investment Authority (QIA), EQT
- Targets
- The AES Corporation (AES)
- Industry
- Energy
- Location
- Virginia, United States
- Transaction Type
- Buyout
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