Simon
Cowled

Mergers and Acquisitions and Private Equity

Scatec Solar ASA, a leading publicly-listed solar power producer with its headquarters in Oslo Norway, during the negotiation and signing of an agreement to acquire 100 % of the shares in SN Power AS, a leading hydropower developer and independent power producer also based in Norway for a total equity value of $ 1.166 Billion. The transaction will transform Scatec Solar into a global leader in the renewable energy sector.

AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion.

A confidential purchaser on its proposed acquisition of Equis Energy’s renewable energy portfolio (180 assets comprising 11GW in operation, construction and development valued at US$5 billion), the world’s largest ever renewable M&A transaction.

A European commodity trader on its proposed acquisition of an equity stake in, and trading joint venture involving, a fuel import, distribution and retail business with 12 import terminals and 300+ retail stores.

Mitsui and Co., Ltd. in its part acquisition of Engie’s stake in PT Paiton Energy, Asia's first and Indonesia's largest IPP, resulting in Mitsui becoming Paiton’s largest shareholder and majority owner of its operator.

AES Corporation in its US$453 million auction sale of a 45% interest in its 630MW Masinloc power project in the Philippines to EGCO of Thailand.

China Huaneng Group in its US$1.1 billion acquisition of 50% of InterGen NV from the GMR Group—the largest cross-border India/China M&A transaction to date, awarded “International Energy Deal of the Year” and “Mergers and Acquisitions Deal of the Year (over US$1 billion)” by The Mergers and Acquisitions Advisor and “Infrastructure Deal of the Year” by India Business Law Journal.

PT Indosat Tbk in its auction sale and leaseback of 2,500 towers to Tower Bersama for US$519 million.

PT Paiton Energy in the sale of a minority stake to Saratoga Capital, Indonesia’s largest private equity firm.

AES Corporation in its purchase of IFC's stake in the Masinloc power project and associated back-to-back holding company share issuance to EGCO.

Standard Chartered Private Equity in its US$75 million note investment in Energy World Corporation (convertible into EWC’s LNG-to-Power project in the Philippines and exchangeable into EWC’s ASX-listed ordinary shares).

An Asian power company in its sell-down to Mitsui of an interest in a 53MW gas-fired project in Myanmar—the largest M&A transaction to date in Myanmar’s power sector.

Ashmore Energy International in a series of onshore and offshore acquisitions of PRC companies and associated establishment of Sino-foreign joint ventures in China’s downstream gas market involving 30+ city gas businesses.

A U.S. energy company in a proposed US$800 million voluntary general offer for a Hong Kong–listed energy company with operations in the People’s Republic of China.

A U.S. private equity firm in its investment in a 20MW solar project in Mindanao, Philippines.

A European oil company in negotiations for the establishment of a joint venture with Temasek for a US$750 million biodiesel facility.

A U.S. investment bank in its proposed equity investment in, and purchase of secured notes from, the developer of a US$1.5 billion hotel and resort development in Vietnam.

Project Development and Project Finance

Mitsubishi Corp., JERA Inc., PJB and Rukun Raharja in their bid and financing arrangements for the 1,600MW Jawa 1 LNG-to-Power project in Indonesia.

AES Corporation in the development and financing of its US$700 million expansion of its Masinloc project in the Philippines to a 990MW facility.

PT Paiton Energy in the development and financing of the US$1.5 billion Paiton III power project in Indonesia, awarded “Project Finance Deal of the Year” at the IFLR’s Asian Awards, by Asian-Counsel magazine and by Euromoney.

A confidential borrower on the debt restructuring of 400MW of small-scale gas-fired power projects in Southeast Asia.

AES Corporation on the proposed acquisition and development of a 2x112.5MW power project and a bid for a 2x300MW mine-mouth power project in Indonesia.

AES Corporation in its US$500 million refinancing of the 660MW Masinloc Power Project in the Philippines.

An Asian power company in a US$270 million refinancing, awarded “Best Structured Trade Finance Solution” by The Asset.

Wynn Resorts (Macau) S.A. in a US$2.3 billion dual currency-secured credit facility to refinance its existing indebtedness and to fund the US$4 billion Wynn Cotai casino resort in Macau.

A U.S. private equity firm on the development of a proposed 1,000MW utility-scale solar project in Malaysia.

SunEdison and Aboitiz Power Corporation on the development of a 59MW solar project in the Philippines.

An international consortium in its bid and financing arrangements for the 1,800MW Sumsel 9 and 10 coal-fired, mine-mouth power projects in South Sumatra, Indonesia.

International Power plc / GDF Suez and Mitsui and Co., Ltd. in their bid and firm financing commitments for the 2,000MW Central Java power project in Indonesia.

Mirant Corporation on its US$700 million portfolio refinancing of its Philippine power generation assets and associated asset sales.

Credit Suisse as lead arranger for a proposed US$4 billion integrated resort and casino in Singapore.

Babcock and Brown on the acquisition, development and financing of a 130MW coal fired power station and a 140MW wind power project in Australia.

Waste Service NSW on a waste-to-energy PPP in Australia with a 175,000 tpa capacity—the largest to date in the Southern Hemisphere.

New South Wales State Government on several rail industry restructures.