Moneycontrol
HomeNewsBusinessCanada's AIMCO, OMERS, Brookfield to invest in Fourth Partner Energy: Report
Trending Topics

Canada's AIMCO, OMERS, Brookfield to invest in Fourth Partner Energy: Report

Fourth Partner Energy is in the midst of a fund-raising round, and has expansion targets for India and South East Asia, according to a Fourth Partner Energy spokesperson.

January 06, 2023 / 10:37 IST
Story continues below Advertisement

Representative image

Canada’s Alberta Investment Management Corporation (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc., and New York-based I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Private Limited, according to a report by business daily Mint.

The deal involves buying private equity firm TPG Capital’s 52 percent stake in Hyderabad-based Fourth Partner Energy at an expected enterprise value of around $700 million and a fresh equity investment of $500 million.

Story continues below Advertisement

Also Read: Cabinet approves National Green Hydrogen Mission with initial outlay of Rs 19,744 crore

Moneycontrol could not independently verify the report.