Northleaf Capital Partners (Northleaf) has completed the 40% stake acquisition in Lal Lal Wind Farms, two projects near Ballarat, Victoria.
Northleaf Capital Partners (Northleaf) has also announced the opening of an office in Melbourne, Australia as the firm continues to expand its $10bn global private markets investment management platform.
Northleaf managing partner Stuart Waugh said: “A formal presence in Australia extends Northleaf’s worldwide network, enhancing our capabilities to provide investors with access to highly differentiated mid-market infrastructure, private equity and private credit investments globally.
“Establishing the Melbourne office also reflects our ongoing commitment to private markets opportunities in Australia and New Zealand and provides a local base from which to continue our successful, long-standing investment activities in the region, which began with our first Australian private equity investment in 1998.”
Northleaf’s Melbourne office is managed by Tom Irvine, Managing Director, who has been working with Northleaf since 2015. Tom was previously a Director, Infrastructure, at RBC Capital Markets in both London and Sydney.
He is supported by Adrian Jetter, Senior Associate, who has been working with Northleaf since 2017. Adrian was most recently with J.P. Morgan in Frankfurt, where he was a Vice President, Investment Banking, focused on M&A and capital markets transactions. Tom and Adrian are actively involved in deal sourcing, diligence, execution and asset management across Northleaf’s infrastructure program.
Managing director Tom Irvine said “We are delighted to officially open Northleaf’s office in Melbourne. We look forward to extending the firm’s global private markets capabilities in Australia and New Zealand and continuing to grow our $2.7bn infrastructure program.”
Northleaf acquired its stake in Lal Lal Wind Farms from the project’s developer, Macquarie Capital. Installation has commenced, and the wind farms are scheduled to be fully operational by the second half of 2019. When complete, the projects will generate a combined output of 228MW, powered by Vestas 3.8 MW turbines.
Northleaf‘s global infrastructure portfolio includes 26 assets, representing more than $20bn in total enterprise value, and the firm has been an active investor in Australia and New Zealand.
In addition to Lal Lal Wind Farms, Northleaf has invested in Waterloo Wind Farm, an operational 131MW facility located in South Australia, and ANZ Terminals, a bulk liquid storage business with operations in Australia and New Zealand.
Source: Company Press Release