With a legacy of 154 years, the Shapoorji Pallonji Group is based in Mumbai and operates in over 70 countries with a global turnover of over USD 5bn . SP Infra is the infrastructure development arm with assets and businesses in the renewable and gas-based power, highways, port and terminals in India and overseas. Edelweiss Financial Services has successfully closed a transaction as the Exclusive Sell-Side Advisor to SP Group for the 100% stake sale of its renewable portfolio comprising of 317MW of operational solar assets for a total consideration of about USD 204m to KKR. The portfolio comprises 169 MW in Maharashtra and 148 MW in Tamil Nadu. This is KKR’s first investment in the renewable energy sector in India. The deal further strengthens Edelweiss IB’s infra franchise and once again demonstrates our ability to close marquee deals for quality clients, independent of the market environment. With this deal, Edelweiss IB has completed a transaction each in transmission, roads and renewable sectors in the last 12 months, giving a huge boost to our credentials as well as establishing our dominant position in the Infrastructure space.
Edelweiss Financial Services
Advised in the sale of
Shapoorji Pallonji Group (renewable assets portfolio)
to