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PE firm Helios to list energy assets through $1bn SPAC deal

Private equity firm Helios Investment Partners plans to list some of its assets in the US via a merger with special purpose acquisition company (SPAC) Onyx Acquisition Co I in a deal valued at nearly $1 billion, including debt, according to a report by Reuters.

Private equity firm Helios Investment Partners plans to list some of its assets in the US via a merger with special purpose acquisition company (SPAC) Onyx Acquisition Co I in a deal valued at nearly $1 billion, including debt, according to a report by Reuters.

The deal, which is expected to close in the the second half of the year will create a publicly listed energy transition infrastructure platform, Helios Energy Transition Infrastructure (HETI), which will focus on the development of natural gas and low-carbon energy infrastructure businesses and assets in Africa.  

HETI’s portfolio will span the natural gas, LNG and power value chain including liquefaction, storage, regasification, pipeline infrastructure and power plants, supplying gas and power to over 200 industrial customers and utilities across Africa on a long-term contracted basis

Helios, was founded in 2004 and manages $3.6 billion of funds.
 

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