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Infrastructure Capital Group advised on sale of Enwave Australia
Gas company Enwave Australia has been sold to solar company CleanPeak Energy.
Jerome Doraisamy
Firm: Herbert Smith Freehills, Lazard, PwC and JWS (Infrastructure Capital Group).
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Deal: Independent infrastructure fund manager has sold Enwave Australia to Cleanpeak Energy (backed by First Sentier Investors, formerly Colonial First State).
The package of assets in the sale included multi-utility energy precincts such as Enwave Central Park, Enwave Tonsley and Enwave Mascot.
Value: Unknown.
Area: M&A.
Key players: The HSF team was led by partner Nick Baker, executive counsel Neena Aynsley and senior associate Christina Wheeler, who were supported by solicitors Teresa Sun, Anita Hu, Aditya Shivam and Blair Feng.
Deal significance: The diversity of the assets owned by Enwave Australia across Victoria, NSW and South Australia, HSF said in a statement, “highlights the essential services that the company delivers to customers across Australia and the importance of innovation and investment in infrastructure to support services to communities and productivity”.
