Spark Renewables auction down to four bidders | PEP Gateway fund-of-funds goes in with Bain, Brookfield and Carlyle | Soul Patts pours $200m into new Pengana global private credit offering
Lazard’s auction for Spark Renewables has hit its final leg.
Anyone and everyone remotely interested in renewable assets has taken a look, including APA Group. But on Tuesday evening, the list of serious suitors had shrunk to just four names: Macquarie AM, ENGIE, Tenaga and a mystery player.
It would also be closely watched by bankers and investors for what value the winning bid places on Spark’s 3 gigawatts of yet-to-be-developed projects.
Elsewhere, we checked in on Anchorage’s collapsed Scott’s Refrigerated. The trucking outfit did not end up getting a whole-of-the-business bid, but was ready to salvage $100 million from selling its trucks.
Street Talk understands a long list of tyre kickers has thinned out, where Macquarie Asset Management is squaring off against ENGIE and Tenaga Nasional.
The initial pitch offered little on where the local private equity group would be seeking the deals to sit alongside its own. A new flyer reveals key details.
Telstra’s former M&A boss, Nehemiah Richardson, has come on as chief executive and Citi country treasurer Charles Finkelstein as chief investment officer.
