Tag Archives: Energy

CVC DIF and VNG AG strengthen the future of BALANCE through a growth partnership

CVC Capital Partners

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, has agreed to acquire 49% of BALANCE Erneuerbare Energien (BALANCE), the biogas subsidiary of Leipzig-based gas company VNG AG (VNG). The investment in BALANCE will be made through the DIF Infrastructure VII (DIF VII) fund and will support the ongoing growth of the business.

Biogas is an important component in tomorrow’s decentralised energy system and is already helping to increase the share of green gases in the grid. Compared to wind and solar energy, biogas offers a decisive advantage: Its production is independent of weather conditions. Biogas is a reliable energy source that can be stored and flexibly complements other forms of renewable energy. BALANCE currently has a portfolio of 42 biogas facilities in Northern and Eastern Germany with a total installed rated thermal output of around 197 MW. This makes BALANCE one of the largest biogas plant operators in Germany, supplying green energy to more than 180,000 households every year.

Ulf Heitmüller, CEO of VNG, contextualised the transaction as follows: “We are delighted to have gained a partner for BALANCE in CVC DIF, a party that brings a wealth of expertise in supporting its financial investments on their growth path through active value creation. CVC DIF also shares our perspective on biogas as an energy source, the potential of BALANCE, and values such as trust and transparency in our collaboration. Together we can further strengthen BALANCE’s growth and competitiveness and, in line with our “VNG 2030+” corporate strategy, expand our green gas portfolio in the future. In this way, we are making an important contribution to the supply of renewable and sustainable energy.”

Gijs Voskuyl, Managing Partner of CVC DIF, also underlined the central role of the partnership approach with VNG for the investment: “The dynamics in the biogas market make it clear: Biogas is a key component in the decarbonisation of the energy industry. On the back of strong regulatory tailwinds, we want to actively support this development and see the partnership with VNG as offering a highly professional setup and thus ideal conditions for BALANCE as a platform in Germany to participate in market growth. We are convinced that BALANCE is a high-quality investment that will provide our investors with stable returns and offer potential for long-term growth and sustainable value creation.”

The completion of the transaction is subject to approval by the relevant antitrust authorities.

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Stonepeak to Acquire Interest in Woodside’s Louisiana LNG

Stonepeak

NEW YORK — April 6, 2025 — Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a 40% interest in Louisiana LNG Infrastructure LLC (“Louisiana LNG” or the “Project”), a liquefied natural gas production and export terminal in Calcasieu Parish, Louisiana owned by Woodside Energy Group Ltd (“Woodside”)(ASX: WDS, NYSE: WDS).

The Project, positioned in the heart of the Gulf Coast LNG corridor with close proximity to natural gas resources and direct access to the US Gulf, has a total permitted capacity of 27.6 million tonnes per annum and is nearing final investment decision (FID) for the foundation development. Construction is currently underway, and the front-end engineering design has been completed. Bechtel, an industry leader in infrastructure project delivery, is the engineering, procurement, and construction (EPC) contractor for the Project. Woodside will continue to operate the Project following completion of the transaction.

“With the need to bring significant additional capacity online over the coming years, we have strong conviction in the critical role Louisiana LNG will play in the US LNG export market,” said James Wyper, Senior Managing Director and Head of US Private Equity at Stonepeak. “The Project represents a compelling opportunity to invest in a newbuild LNG export facility nearing FID approval with an attractive risk-return profile and best-in-class partners in both Bechtel and Woodside to construct and operate the asset.”

Woodside CEO Meg O’Neill said, “We are very pleased to have Stonepeak join us in Louisiana LNG, given their demonstrated track record investing in US gas and LNG infrastructure across LNG facilities, LNG carriers, and floating storage and regasification units. This transaction further confirms Louisiana LNG’s position as a globally attractive investment set to deliver long-term value to our shareholders. It is the result of a highly competitive process that attracted leading global counterparties and significantly reduces Woodside’s capital expenditure for this world-class project.”

The transaction is expected to close in the second quarter of 2025 subject to conditions precedent including final investment decision for the Louisiana LNG foundation development, as well as requisite regulatory, legal, and other customary approvals.

Mizuho Bank, Ltd and its affiliate Greenhill & Co., LLC and Santander US Capital Markets LLC served as financial advisors to Stonepeak. Simpson Thacher & Bartlett LLP served as transactional legal counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing legal counsel to Stonepeak. RBC Capital Markets and Evercore served as financial advisors to Woodside. Norton Rose Fulbright served as legal counsel to Woodside.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

About Woodside

Woodside is a global energy company providing reliable and affordable energy to help people lead better lives. We leverage our track record of world-class project execution and operational excellence as we build a diverse global portfolio to meet the world’s growing energy needs.

We have over 35 years of experience in the LNG industry including pioneering Australia’s LNG industry as operator of the North West Shelf Project where we shipped our first LNG cargo to Japan in 1989. We are executing major projects today, while pursuing growth opportunities that will deliver long-term value for our shareholders. We maintain a strong balance sheet and a disciplined investment approach.

Contacts

Stonepeak:
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

Woodside:
Christine Forster
christine.forster@woodside.com
+61 484 112 469

Forward-looking statements

This press release contains “forward-looking statements”, within the meaning of applicable U.S. and Australian securities laws, including with respect to market conditions, results of operations and financial condition, including, for example, but not limited to, statements regarding the transaction (including statements concerning the timing and completion of the transaction, the expected benefits of the transaction and other future arrangements between Stonepeak and Woodside), expectations regarding future expenditures and future results.

All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘opportunity’, ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘anticipate’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’ and other similar words or expressions. Forward-looking statements in this press release are not guidance, forecasts, guarantees or predictions of future events or performance but instead represent expectations, estimates and projections regarding future events or circumstances. Those statements and any assumptions on which they are based are only opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated and are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements.

Details of the key risks relating to Woodside and its business can be found in the “Risk” section of Woodside’s most recent Annual Report released to the Australian Securities Exchange and Woodside’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission. Readers are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements. All information included in this press release, including any forward-looking statements, speak only as of the date of this press release and neither Stonepeak nor Woodside undertake to update or revise any information or forward-looking statements contained within, whether as a result of new information, future events, or otherwise, except as required under applicable U.S. or Australian securities laws.

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Major acquisition for Verene Energia, CDPQ’s power transmission platform in Brazil

Cdpq
  • Verene Energia acquires seven power transmission assets from Equatorial Group, with a total length of more than 2,400 km
  • An important step in growing the platform, which is well positioned to meet the increasing needs for power transmission

Verene Energia (“Verene”), a power transmission platform, and its owner CDPQ, a global investment group, today announced an agreement with Equatorial S. A. to acquire its power transmission business unit, Equatorial Transmissão S.A., which owns and operates seven power transmission lines.

The transaction, whose value could reach CAD 1,263 million (BRL 5,188 million), is CDPQ’s fourth investment in the power transmission sector in Latin America since 2022 and positions Verene as a key player in the Brazilian power transmission sector.

The seven new assets, commissioned between 2019 and 2021, total 2,430 km in length and are spread across four Brazilian states in the North, Northeast and Southeast regions. The concession period expires in 2047.

“This new acquisition by our platform Verene shows the continued interest we have in investing in Brazil, a key market for us. It also reflects our appetite for its power transmission sector, which offers a stable and predictable regulatory framework that is attractive to our clients,” said Emmanuel Jaclot, CDPQ’s Executive Vice-President and Head of Infrastructure. “With over 4,000 km of high-voltage lines in operation, Verene is gaining scale to play a role in meeting the decarbonization objectives for Brazil’s national grid.”

Financial close is expected by December 2025, subject to customary closing conditions and relevant consents and approval.

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, CDPQ’s net assets totalled CAD 473 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.

– 30 –

For more information

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Ardian announces agreement to acquire Akuo, a major player in renewable energy

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Ardian

Over the past 18 years, Akuo has established itself as a leader in the sector, with production capacity reaching 1.9 GW by the end of 2024.
• This investment is designed to accelerate Akuo’s development and reinforces Ardian’s commitment to the energy transition.

Ardian, one of the world’s leading private equity firms, announces that it has reached an agreement1 to acquire Akuo, a leading independent power producer specializing in renewable energy.

Founded in 2007, and backed by ICG since 2022, Akuo has become a major player in renewable energy production. A specialist in wind power, photovoltaics and storage, Akuo is present in a dozen key markets in Europe and on both American continents. Anchored at the heart of local communities, the Akuo group develops local energy sources that contribute to decarbonization and energy independence goals.

Thanks to its entrepreneurial spirit and constant commitment to innovation, Akuo’s production and storage capacity is expected to reach 1.9 gigawatts (GW) by the end of 2024, with aims to reach 5 GW by 2030. This growth is supported by a robust portfolio of projects under development.

Ardian will leverage its expertise in the renewable energy sector to support Akuo in its next phase of growth. As well as capitalizing on the company’s solid fundamentals to pursue growth ambitions, Ardian will also provide the necessary financial capacity for Akuo’s numerous renewable energy projects.

“We are proud to be able to support Akuo in the next phase of its development. This transaction reflects our commitment to supporting high-potential entrepreneurial infrastructure platforms on their journey to industrialization and growth as part of the energy transition.” Benoît Gaillochet, Co-Head of Infrastructure Europe, Ardian

“This acquisition is an excellent opportunity for Akuo, which will benefit from Ardian as a long-term partner to support its next phase of growth. It will enable Akuo not only to streamline its business and expand its international presence, but also to innovate more rapidly to meet tomorrow’s energy challenges.” Ardian is the ideal partner to continue the groundwork begun over 16 years ago by dedicated and committed teams. I would like to express my pride and gratitude to all the employees who have helped build what Akuo has become: a group of such quality is the fruit of the work of men and women who have pooled the best of themselves.” Éric Scotto, Co-Founder, Akuo

“We are delighted to have been able to contribute to the success of Akuo and its teams in recent years. Akuo has demonstrated its pioneering position in the development of renewable energy. We are convinced that Ardian will provide the necessary resources to further strengthen the group’s positions and accelerate its growth.” Pénélope Dietsch, Managing Director, ICG Infrastructure Strategy

Ardian has been investing in renewable energies since 2007, positioning itself as a pioneer in the energy transition. Through Ardian’s infrastructure funds, the team already manages over 8 GW of thermal and renewable energy capacity in Europe and the Americas and has more than $35 billion under management.

The transaction remains subject to the legal information and consultation process towards the relevant employee representative bodies, and to the authorization of the relevant regulatory authorities.

 1 A unilateral promise to purchase

About Ardian

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

About Akuo

Akuo is a French independent producer of renewable (wind, solar and storage) and distributed energy. The Group is present across the entire value chain: development, financing, construction and operation. By the end of 2024, Akuo will have a total capacity of 1.9 GW in operation and under construction, and a project portfolio of over 12 GW. With over 450 employees, the Group, headquartered in Paris, develops projects in more than twenty countries worldwide.

Akuo.com

About ICG

ICG offers flexible capital solutions to support companies in their development and growth. In business for over 35 years, we are one of the world’s leading alternative asset managers. We manage $107 billion in assets* and invest across the entire capital structure. The ICG Infra team manages over 4.0 billion euros in Europe. ICG builds lasting relationships with its business partners to create value for shareholders, customers and employees, and uses its position of influence to benefit the environment and society. ICG is committed to being a net zero emissions asset manager in all its activities and related investments by 2040. ICG is a member of the FTSE 100 and is listed on the London Stock Exchange (symbol: ICG).
*at December 31, 2024

icgam.com

Press contact

Ardian

Headland

ardian@headlandconsultancy.com 

Press contact

Akuo

Mila Averlant

averlant@akuoenergy.com 

Press contact

ICG

Clare Glyyn

Clare.Glynn@icgam.com

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Apollo Funds to Acquire OEG, a Leading Provider of Core Services to the Offshore Energy Industry

Apollo logo

LONDON and NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo funds”) have agreed to acquire a majority stake in OEG Energy Group (“OEG” or the “Company”), a leading offshore energy solutions business, from funds managed by the Power Opportunities strategy of Oaktree Capital Management, LP (“Oaktree”) and other investors. The transaction implies a headline valuation of more than $1 billion for OEG, and Oaktree and others will retain a minority equity interest in the Company.

OEG is a scaled provider of core services across the offshore energy ecosystem, delivering development and operations solutions to oil & gas (O&G) and wind end markets for more than 50 years. The Company owns and operates one of the world’s largest fleets of cargo carrying units (CCUs), with 75,000+ units, enabling the safe transportation of essential cargo to and from offshore energy installations. OEG’s Renewables segment is a global, integrated provider of key technical solutions and services to the offshore wind sector.

John Heiton, CEO of OEG, said: “Since our company’s founding, we have worked hard to establish OEG as a global leader in delivering core services throughout the offshore energy value chain. As energy producers across Europe and around the globe continue to invest in energy transition, we are committed to expanding and enhancing our capabilities as a key partner. We look forward to working with Apollo as we enter this new and exciting chapter for our business and remain focused on supporting our customers with the same quality service they have come to expect.”

Wilson Handler, Partner at Apollo, said: “John and team have built OEG into a global leader and trusted provider of offshore equipment and services, with an integrated business model that has scaled across cycles. We see a tremendous opportunity to invest in the Company’s future growth as secular tailwinds drive demand for services enabling efficient energy production and renewable power. Bringing to bear the scale of Apollo’s integrated platform and deep expertise in energy services, we look forward to working with the talented team at OEG to unlock value for its various stakeholders and loyal customer base via organic and inorganic channels.”

Francesco Giuliani, Managing Director and Assistant Portfolio Manager in Oaktree’s Power Opportunities strategy, said: “We are proud of our partnership with the management team at OEG and the success achieved during Oaktree’s period of ownership. During that time, increased focus on the energy transition and global supply dynamics has made investment for core energy infrastructure even more important. We continue to have strong conviction in OEG’s growth trajectory and are thrilled to maintain a minority interest alongside Apollo funds.”

Over the past five years, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately $58 billioni of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in Q2 2025.

Banco Santander SA acted as financial advisor and Vinson & Elkins LLP served as legal counsel to the Apollo funds on the transaction.

Goldman Sachs International acted as financial adviser to Oaktree, while Gibson, Dunn & Crutcher LLP (corporate) and Latham & Watkins (financing & antitrust) served as legal advisers.

White & Case LLP served as legal counsel to OEG management.

___________________

i As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030. The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

About OEG Energy Group

OEG is a leading offshore energy solutions business providing infrastructure assets, technologies and services to the global energy industry. From the company’s beginning in 1973, OEG has evolved significantly, growing both organically and through strategic acquisitions, to become a pivotal link in the global energy supply chain.

OEG delivers specialized and complementary solutions for above-water, on-water and below-water applications across the full energy lifecycle. From the provision of offshore logistics equipment and bespoke solutions, through to the delivery of integrated services for larger project work scopes, OEG plays an important role in supporting the production of the world’s energy needs whether that be electricity, gas or oil.

Headquartered in Aberdeen, UK, OEG has over 1,300 employees and operates in more than 65 countries.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Oaktree Press Contacts

FGS Global
Rory King / Hannah Ratcliff
Rory.King@fgsglobal.com / Hannah.Ratcliff@fgsglobal.com

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KJTS and Stonepeak Form Joint Venture to Pursue District Cooling Projects

Stonepeak

KUALA LUMPUR & NEW YORK – March 14, 2025 – KJTS Group Berhad (“KJTS” or the “Group”) (KLSE: KJTS), a leading provider of energy-efficient cooling solutions and integrated energy management services based in Malaysia, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the creation of a joint venture dedicated to developing and investing in district cooling facilities.

The joint venture will initially seek to invest in a diversified portfolio of district cooling and electricity distribution assets in Malaysia. Southeast Asia, one of the hottest regions globally, is a fast-growing market for district cooling. Particularly in Malaysia, industrial urbanization, expanding energy efficiency initiatives, and the rapid buildout of data centers have markedly increased the need for district cooling systems, which are able to reduce total energy consumption by 40-50% relative to traditional cooling methods. The joint venture, expected to be capitalized at MYR 1.5 billion (USD ~340 million), through aggregate commitments from Stonepeak and KJTS and debt funding, will target an actionable addressable market of over MYR 2 billion (USD ~450 million) in project deployment opportunities per year.

“We are thrilled to partner with Stonepeak to pursue additional district cooling and electricity distribution projects in Malaysia,” said Azura Binti Azman, Independent Non-Executive Chairman at KJTS. “This marks a significant partnership that underscores our commitment to sustainability and energy efficiency, and a transformative milestone, enabling the Group to accelerate its growth trajectory while advancing our mission to support the national agenda in reducing carbon emissions. Stonepeak represents an ideal partner, bringing important capital, industry relationships, and operational experience in building platforms from the ground up. We look forward to working together to bring dependable, long-term solutions to our customers.”

“District cooling has become an essential piece of the energy transition in Malaysia and Southeast Asia more broadly, given the region’s rising energy demands, and we are seeing the solution being adopted into national climate action plans for many Southeast Asian countries,” said Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. “By partnering with KJTS, a respected operator in Malaysia with a keen understanding of the technicalities and best practices of district cooling, we are positioned well to address the need for this critical infrastructure head-on. We are excited to expand Stonepeak’s portfolio of energy transition platforms within our Asia Infrastructure strategy as the tailwinds in the region remain as strong as ever.”

The transaction is expected to close in the first quarter of 2025. Skrine served as legal counsel to KJTS. Linklaters LLP and Rahmat Lim & Partners served as legal counsel to Stonepeak.

About KJTS

KJTS Group Berhad (KLSE: KJTS) is a leading provider of district cooling solutions and standalone building cooling systems, specializing in the design, construction, operation, and optimization of energy-efficient cooling infrastructure. With extensive expertise in developing large-scale district cooling plants and customized cooling solutions for commercial, industrial, and mission-critical facilities, KJTS delivers integrated energy management services that enhance operational efficiency and sustainability. The company’s in-house capabilities in Engineering, Procurement, Construction, and Commissioning (EPCC) ensure seamless project execution, while its Operations & Maintenance (O&M) services guarantee long-term reliability and cost savings for clients. Headquartered in Malaysia, KJTS is committed to advancing energy transition goals by deploying innovative cooling technologies that drive carbon reduction, support urban development, and optimize industrial performance. For more information, please visit www.kjts.com.my.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

Contacts

Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (212) 907-5100

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Ardian announces sale of stake in LBC Tank Terminals to Mitsui O.S.K. Lines (MOL)

Ardian

Ardian invested in LBC in 2017, alongside APG and PGGM as co-shareholders
• LBC is one of the world’s largest independent chemicals focused storage businesses with total storage capacity of c. 3.3 million m³*
• Ardian supported LBC through a major phase of growth and through achieving industry leading safety and sustainability performance.

Ardian, a world-leading private investment house, today announces the sale of its 35% stake in LBC Tank Terminals (“LBC”), to MOL**, a leading multi modal shipping company operating a fleet of 900 vessels and variety of social infrastructure businesses. As part of the transaction, APG***  and PGGM****  are also selling their stakes.

LBC is one of the world’s largest independent chemicals focused storage businesses. They own and operate seven state-of-the-art and flexible storage terminals at locations in the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam), offering loading and unloading services for various transportation modes such as pipeline, vessel, barge, rail tank car and truck. Their total current storage capacity accounts for 3.3* million m³ strategically located at major chemical production hubs and connected to vital chemical processing plants via pipeline infrastructure networks.

Ardian’s Infrastructure team has been supporting the company’s developments since 2017. During the partnership, LBC improved operations and safety as well as its sustainability performance to reach industry leading performance as recognized by its Platinum EcoVadis rating and 5-star GRESB rating. Building on available landbank, LBC also completed significant expansion under Ardian ownership with capacity growing by 63% since its acquisition, and new projects being developed across chemical and new energies storage. These expansion projects allowed LBC to strengthen its capabilities and address the rising demand for storage facilities capable of handling a broader array of new energy products.

“We are delighted to have had the opportunity to work with LBC and its management team. We have supported the company for more than 7 years, through impressive capacity growth, achieving industry leading safety and sustainability performance.” Simo Santavirta, Head of Asset Management Infrastructure & Senior Managing Director, Ardian

“LBC has grown into a partner of choice for sustainable storage solutions. As a connected operator in current and future logistic networks, LBC is a relevant player in the energy transition. We wish LBC and MOL every success for the companies’ exciting future.” Daniel von der Schulenburg, Head of Infrastructure Germany, Benelux & Northern Europe & Senior Managing Director, Ardian

*Including projects under construction
**Mitsui O.S.K. Lines Ltd
***Stichting Depositary APG Infrastructure Pool 2011, An investment fund managed by APG Asset Management, the investment- and asset manager of ABP, the largest pension fund in the Netherlands.
****Stichting Depositary PGGM Infrastructure Funds, A wholly-owned subsidiary of PGGM, a Dutch pension fund cooperative, managing the pension investments for PFZW, the Dutch health care pension scheme with three million participants.

List of participants

  • Ardian

    • Ardian: Simo Santavirta, Daniel von der Schulenburg, Mark Voccola, Philippe Tallon, Kevin Rohde, Nicolas Dixneuf, Charles Adrien Calvet

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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VIE Technologies Secures $15 Million Series A Led by Energy Impact Partners

Energy Impact Partners

VIE Technologies is revolutionizing transformer monitoring with the industry’s first AI-driven predictive maintenance solution

PRESS RELEASE FROM VIE TECHNOLOGIES
SAN DIEGO — VIE Technologies, a leader in advanced energy monitoring and predictive maintenance solutions, announced today the successful closure of its $15 million Series A funding round. The round was exclusively led by Energy Impact Partners (EIP), a global technology investor innovating the energy industry.

 

VIE Technologies is revolutionizing transformer monitoring with the industry’s first non-invasive, AI-powered predictive maintenance solution. Using advanced IoT sensors and predictive analytics, VIE can detect equipment issues early and recommend repairs well before human operators or traditional methods can, enabling energy companies, data center operators, and industrial facilities to increase the reliability of their power systems. This innovative approach replaces guesswork with real-time intelligence, making maintenance proactive rather than reactive. The company plans to use its funding for product development, market expansion, and talent acquisition.

 

“Securing this funding from Energy Impact Partners is a monumental step forward for VIE Technologies,” said Rahul Chaturvedi, CEO of VIE Technologies. “EIP’s strategic expertise and commitment to fostering transformative energy solutions perfectly align with our mission to revolutionize the way energy systems are monitored and maintained. Together, we’re poised to set a new standard in operational reliability and efficiency.”

 

With electricity demand rising due to the growth of data centers, new manufacturing, and widespread electrification, transformers and other electrical infrastructure are under increasing strain. To address this problem, VIE Technologies is providing real-time insights that enhance operational reliability, reduce downtime, and set a new standard for efficiency and safety while driving OpEx efficiencies.

 

Deployed on 450 transformers, monitoring over 1.2 GW+ of capacity, VIE Technologies has rapidly gained traction across data centers, electric utilities, and industrial sectors.

 

“VIE Technologies is tackling one of the most pressing challenges in the energy sector: maintaining the reliability and efficiency of critical infrastructure in the face of growing complexity and demand,” said Cassie Bowe, Partner at Energy Impact Partners. “We’re thrilled to support VIE Technologies as they scale their transformative solutions, which align with our vision for a better, more resilient energy future.”

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About

About VIE Technologies
VIE Technologies is a leading provider of advanced energy monitoring and predictive maintenance solutions, empowering industries to maximize operational efficiency and reliability. Through cutting-edge IoT and AI technologies, VIE Technologies delivers actionable insights that drive smarter decision-making and sustainable operations. For more information visit www.vietechnologies.com.

 

About Energy Impact Partners (EIP) 

Energy Impact Partners LP (EIP) is a global technology investor innovating the energy industry. EIP brings together exceptional entrepreneurs and some of the world’s most forward-thinking energy and industrial companies to advance innovation for a better energy future. With over $4.5 billion in assets under management, EIP invests globally across venture, growth and credit, with over 100 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.

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Blackstone Announces $5.6 Billion Final Close for Blackstone Energy Transition Partners IV at Hard Cap

Blackstone

New York – February 26, 2025 – Blackstone (NYSE: BX) today announced the final close for its energy-transition-focused private equity fund, Blackstone Energy Transition Partners IV (“BETP IV”). BETP IV closed at its hard cap of $5.6 billion and is approximately 33% larger than its predecessor vehicle.

Blackstone Energy Transition Partners (“BETP”) is Blackstone’s energy-focused private equity business, which seeks to help energy companies build enterprises at scale that can deliver cleaner, more reliable and more affordable energy to meet global needs. BETP has been recognized as Private Equity International’s Energy Private Equity Firm of the Year for an unprecedented three years in a row (2021-2023) and was awarded IJ Investor’s Market Innovation of the Year award for North America in 2024 (for transactions occurring in calendar year 2023).

David Foley, Global Head of Blackstone Energy Transition Partners, said: “We believe there is immense opportunity to deliver attractive returns to our limited partners through investments that benefit from the growing demand for electricity, grid reliability and energy efficiency. We are appreciative of this vote of confidence from our investors and are excited to continue partnering with outstanding management teams to build leading companies that are helping support a more reliable, affordable and secure transition to a cleaner energy future.”

Notable energy transition investments include Energy Exemplar, which supports grid reliability with a software platform that allows decision-makers to accurately model electric, gas and water energy markets; Sediver, the world’s leading manufacturer of the toughened glass insulators that enable electric transmission grids; Westwood Professional Services, a leading engineering and consulting firm; Trystar, a premier provider of backup power management solutions; Lancium, a developer providing long term contracted electrical grid access to large scale data centers, and Potomac Energy Center, a 774-megawatt natural gas and hydrogen-ready power plant, among others.

About Blackstone Energy Transition Partners   

Blackstone Energy Transition Partners is Blackstone’s energy-focused private equity business, a leading energy investor with a successful long-term record, having invested approximately $23.5 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders.

Contacts

Matt Anderson
(518) 248-7310
Matthew.Anderson@Blackstone.com

Ellie Gottdenker
(347) 610-8646
Ellie.Gottdenker@blackstone.com

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KKR To Make Further Investment In Enilive

KKR

London, 18th February 2025 – KKR, a leading global investment firm, today announces that KKR has signed an agreement to acquire an additional 5% stake in Enilive from Eni for a consideration of €587.5 million, taking its total holding in Enilive to 30%.

Enilive is Eni’s mobility transformation company, dedicated to biorefining, biomethane production, smart mobility solutions, and providing services to support people on the move. The additional investment follows KKR’s initial acquisition of a 25% stake in Enilive announced in October 2024, and demonstrates KKR’s commitment to the business and its growth potential as a leader in the energy transition, providing progressively decarbonized services and products in support of sustainability-driven mobility.

Marco Fontana, Managing Director in KKR’s European Infrastructure team, said: “Having first signed our investment in Enilive in October last year, this transaction reiterates our confidence in the business’ ability to provide innovative and effective emission-reducing technology solutions, in line with our strategy to support transformative energy projects across Europe. We’re excited to continue working alongside Eni to further establish Enilive as a market leader.”

KKR has been consistently investing in Italy across asset classes since 2005, with a commitment to supporting the country’s economic and social development. In July 2024, KKR announced the closing of its acquisition of Telecom Italia’s fixed-line network and incorporation into FiberCop, creating the most extensive Italian broadband network serving around 16 million households and helping to fast-track the digital transition in Italy.

KKR’s investment in Enilive has been made through its Global Infrastructure Strategy. The firm first established its Global Infrastructure Strategy in 2008 and has since been one of the most active infrastructure investors around the world, currently managing over $77 billion in infrastructure assets.

About KKR:

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Enilive:

Enilive is Eni’s company dedicated to biorefining, biomethane production, smart mobility solutions including Enjoy car sharing, and the distribution of all energy carriers for mobility, through its more than 5,000 Enilive Stations in Europe.

Enilive aims to provide progressively decarbonized services and products for the energy transition, contributing to Eni’s goal of achieving carbon neutrality by 2050 also through industrial assets that include the Venice and Gela biorefineries, in Italy; the St. Bernard Renewables LLC (50% joint venture with PBF Energy) in Louisiana (United States of America); numerous biogas plants being converted to biomethane production in Italy, as well as new projects in Livorno, in Malaysia and in South Korea, where further biorefineries are under construction. Enilive plans to increase its biorefining capacity to over 5 million tonnes/year by 2030 and enhance its optionality for Sustainable Aviation Fuel (SAF) production up to 2 million tonnes per year.

Media contacts

Alastair Elwen / Jack Shelley

kkr-lon@fgsglobal.com

+44 20 7251 3801

Giovanni Sanfelice Di Monteforte / Cristiano Signorini

giovanni@tancredigroup.com / cristiano@tancredigroup.com

+44 777 585 8152 / +44 795 041 3690

 

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