28 Jul '17, 10am

I Squared Joins Bidding for $4 Billion Equis Renewable Portfolio

I Squared Joins Bidding for $4 Billion Equis Renewable Portfolio

I Squared Capital, the infrastructure investment firm, is among suitors preparing bids for Equis Energy’s renewable power business, people with knowledge of the matter said. Orix Corp. is also planning to make an indicative offer by this week’s deadline for the portfolio of Asia Pacific assets, according to the people, who asked not to be identified as the information is private. The Japanese firm is bidding together with Dutch asset manager APG Groep NV, the people said. Singapore-based Equis, which has appointed banks for a strategic review, is seeking to value the portfolio at more than $4 billion including debt, the people said. State Power Investment Corp., the Chinese state-owned electricity generator, and French utility Engie SA have also been considering bids for the Equis business, people with knowledge of the matter said last month. Equis expects a transaction to...

Full article: http://www.renewableenergyworld.com/articles/2017/07/i-sq...

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