Following its acquisition in January 2018 by Global Infrastructure Partners (GIP), Equis Energy Wednesday said it had changed its name to Vena Energy. The firm said that it had launched a new company website and had also introduced an updated corporate identity.
In January 2018, US-headquartered infrastructure fund manager Global Infrastructure Partners (GIP) along with co-investors has closed the $5 billion acquisition of Asia Pacific’s largest renewable energy producer Equis Energy from the parent infrastructure fund manager Equis.
A deal that was announced in October last year included assumed liabilities by GIP worth $1.3 billion and the net transaction amount was paid in cash, an announcement said on Friday.
The deal was said to be the largest renewable energy generation acquisition in history, and will springboard GIP as a dominant renewable energy developer in the OECD growth markets of Australia and Japan, as well as across India and Southeast Asia.
Headquartered in Singapore, Equis Energy is a renewable energy independent power producer (IPP) in the Asia-Pacific region (APAC), with more than 180 assets comprising 11,135MW in operation, construction and development in Australia, Japan, India, Indonesia, the Philippines and Thailand.
The company operates from 15 Asian offices while the earlier parent firm Equis is Asia’s largest independent developer and infrastructure fund manager, with a focus on developing and managing energy and infrastructure assets through Equis-controlled local development, construction management and operational teams.