Denham Capital and Nexif have signed an agreement with Thailand’s Ratch Group to sell Nexif’s Australian and Southeast Asian energy assets at a $US1 billion enterprise value or $US650 million equity value.
Denham Capital and Nexif have signed an agreement with Thailand’s Ratch Group to sell Nexif’s Australian and Southeast Asian energy assets for a $US1 billion enterprise value or $US650 million equity value.Nexif Energy was set up in 2015, when private equity investor Denham teamed up with Singapore-based energy investor and manager Nexif.
Its portfolio includes South Australian gas turbine peaking development, Snapper Point and wind farm, Lincoln Gap wind farm. It also had a wind farm and hydropower projects in Vietnam, a solar project in the Philippines, and a joint venture in Thailand., while Tilt Renewables had tested and stoked investor interest. It hit pause in July and didn’t shortlist bidders until just before Christmas.
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