Stonepeak to Acquire Allgas

Stonepeak to Acquire 75% of IOR

April 15, 2025

Energy

Stonepeak entered into an agreement to acquire a 75% interest in IOR, an integrated commercial fuel distribution and logistics provider in Australia. The transaction is expected to close in the second half of 2025, subject to regulatory approvals.

Stonepeak and Spirit Super Acquire GeelongPort

April 26, 2023

Logistics & Distribution

Stonepeak (70%) and Australia's Spirit Super (30%) have completed their acquisition of GeelongPort Pty Limited from Brookfield and SAS Trustee Corp. The transaction secures control of Victoria’s second-largest port — a diversified landlord port handling significant trade volumes and supporting regional jobs — as Stonepeak expands its infrastructure footprint in Australia.

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

July 19, 2023

Energy

A consortium led by Macquarie Asset Management has agreed to acquire an additional 20% equity interest in National Gas from National Grid, taking the consortium's total ownership to 80%. The deal, on equivalent terms to the original January 2023 transaction, is subject to regulatory clearance and is expected to complete in the second half of 2023; the consortium also holds an option to acquire the remaining 20% between May and July 2024.

EIG Signs Agreement to Acquire 10% Interest in Australia Pacific LNG (APLNG) for $1.592 Billion

October 24, 2021

Energy

EIG entered into a definitive agreement to acquire a 10% equity interest in Australia Pacific LNG Pty Limited (APLNG) from Origin Energy for an equity purchase price of $1.592 billion. The transaction is described as a first-of-its-kind private equity sponsor acquisition of interest in an operational integrated LNG project and is subject to customary completion conditions.

TPG Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

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.