AGC Equity Partners, which is backed by Middle Eastern institutions, joined the Kremlin-backed Russian Direct Investment Fund, Xenon Capital Partners’ Rusenergo Fund and Macquarie Renaissance Infrastructure Fund in the $625 million private equity deal, the largest ever in Russia’s power sector, according to joint statement from the buyers.
AGC Equity Partners and Rusenergo Fund each invested $175 million, while the RDIF and MRIF invested $137.5 million each. The partners may make an additional payment depending on the return on investment, according to the statement.
To contact the reporter on this story: Anna Shiryaevskaya in Moscow at firstname.lastname@example.org
To contact the editor responsible for this story: Will Kennedy at email@example.com