ASX:HMCCapital Markets
HMC Capital (ASX:HMC) Partners With KKR On Energy Transition Platform Is The Growth Story Evolving?
Global investment firm KKR has entered into a partnership with HMC Capital, committing up to A$603 million to HMC’s Energy Transition Platform, including 652MW of operational assets and a 5.7GW pipeline of battery storage and wind projects in Australia.
A key feature of the deal is KKR’s A$355 million preferred equity investment, which both bolsters HMC’s balance sheet and limits recourse to HMC if future projects underperform.
We’ll now examine how KKR’s substantial preferred equity...