Macquarie Asset Management-led consortium to acquire further 20% stake in National Gas

Macquarie Asset Management Acquires Majority Stake in DynaGrid Holdings

February 20, 2025

Engineering Services

Macquarie Asset Management has acquired a majority stake in DynaGrid Holdings, LLC, a Dallas‑headquartered provider of transmission and substation construction, maintenance and upgrade services for U.S. electric utilities. The deal is the first investment for Macquarie Asset Management's new buyout strategy focused on high-quality businesses serving infrastructure end markets and will be led by Andrew Olinick.

Macquarie Asset Management Acquires Remaining 20% of National Gas

July 26, 2024

Energy

Macquarie Asset Management, via a consortium of its managed equity and funds, has exercised its option to acquire the remaining 20% equity stake in National Gas from National Grid, giving the consortium 100% ownership. The move secures full control to support National Gas’s operation of the UK gas transmission network and accelerate future initiatives such as hydrogen network development and other decarbonisation projects.

Macquarie Asset Management Acquires 49.9% Stake in Hydro Rein

June 24, 2024

Renewable Energy

Macquarie Asset Management has completed a US$332 million investment to acquire a 49.9% stake in Hydro Rein from Hydro (Norsk Hydro), with the stake held by the Macquarie Green Energy and Climate Opportunities Fund. The investment will finance Hydro Rein's 8.4 GW renewable project pipeline across the Nordics and Brazil and support expansion of renewable solutions for industrial decarbonization.

ČEZ Group Acquires 55.21% Stake in Czech Grid Holdings from Macquarie

March 20, 2024

Utilities

ČEZ Group has agreed to buy a 55.21% stake in Czech Grid Holdings (owner of GasNet and GasNet Služby) from Macquarie Asset Management for an enterprise value of approximately €4 billion. The transaction covers the Czech Republic's largest gas distribution network — roughly 65,000 km of pipelines serving 2.3 million connection points — and is expected to reach financial close in Q3 2024.

Macquarie Asset Management Acquires 50% of Enel Green Power Hellas

December 29, 2023

Renewable Energy

Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50% stake in Enel Green Power Hellas from Enel Group for approximately €250 million. The deal covers a 566 MW portfolio of onshore wind, solar and hydropower projects in operation or under construction in Greece and establishes a joint venture to accelerate development, storage and hybrid solutions across the company's pipeline.

Fluxys Acquires Macquarie's Stake in Open Grid Europe

January 27, 2023

Energy

Fluxys has agreed to acquire a 23.6% stake in Open Grid Europe (OGE) from Macquarie European Infrastructure Fund 4, with an additional 0.5% stake from Halifax Regional Municipality Master Trust included in the sale. The deal strengthens Fluxys' ties with Germany's leading gas transmission operator as both companies prepare their networks for hydrogen and CO2 transport to support the energy transition; the transaction was expected to reach financial close in March 2023 subject to regulatory approvals.