KKR, Ontario Teachers’ and PSP Investments complete acquisition of Spark Infrastructure

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KKR, Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and Public Sector Pension Investment Board (PSP Investments) announced the completion of the acquisition of all issued securities of Spark Infrastructure in an all-cash transaction for approximately AUD5.2 billion (US$3.75 billion). All regulatory approvals for the transaction have been obtained.

Spark Infrastructure invests in essential energy infrastructure businesses within Australia, which serves over 5 million homes and businesses, and are deeply involved in supporting the transition of Australia’s electricity grid to one that is increasingly reliant on renewable energy. Spark Infrastructure’s portfolio comprises:

  • 49% of SA Power Networks, the sole operator of South Australia’s electricity distribution network, supplying approximately 896,000 residential and commercial customers across the state;
  • 49% in Citipower and Powercor (Victoria Power Networks), the operator of distribution networks that supply electricity to over 1.1 million customers in Melbourne and central and western Victoria;
  • 15.01% of TransGrid, the largest high-voltage electricity transmission network by volume in the National Electricity Market, connecting generators, distributors, and major users in New South Wales and the Australian Capital Territory
  • 100% of the 120MWDC /100MWAC Bomen Solar Farm located north of Wagga Wagga in New South Wales.

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