Herbert Smith Freehills Kramer advises HMC Capital on $600m energy transition strategic partnership with KKR

Herbert Smith Freehills Kramer (HSF Kramer) has advised ASX-listed alternate asset manager, HMC Capital, on a strategic partnership with global investment firm, KKR. The partnership involves an investment of up to A$603 million by KKR into HMC's Energy Transition Platform.

The investment brings in KKR as a strategic partner into the platform which includes 652MW of operational assets and a 5.7GW BESS and wind development pipeline. 

The transaction was led by M&A partner, Amit Jois, who was supported by senior associates Teresa Sun and Dan English and solicitors Kusum KC and David Lin. Partner Adam Roberts advised on banking and finance matters, partner Patrick Gay advised on competition and partner Katherine Gregor and senior associate Alex Lundie advised on commercial matters.  

The deal is another example of HSF Kramer's leading work supporting Australia's energy transition. Other deals include: 

• CleanPeak Energy’s A$500 million energy transition partnership with KKR
• SEC Victoria (SEC), on the acquisition and development of the Delburn Wind Farm (205 MW capacity) Valley in Gippsland
• APG on its proposed investment into Octopus Australia
• AGL on the acquisition of a network of residential solar and Powerwall home battery systems, known as South Australia's Virtual Power Plant (SAVPP) from Tesla 
• The international syndicate of lenders on the A$750 million green portfolio financing for ACEN Australia’s clean energy projects
• HMC Capital on its A$950 million acquisition of the Neoen Victorian renewable energy portfolio
• EnergyAustralia on its development of the 350 MW / 1400 MWh Wooreen Battery Energy Storage