S$299.6 million equity fund raising by Keppel Infrastructure Fund Management Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Keppel Infrastructure Fund Management Pte. Ltd. (in its capacity as trustee-manager of Keppel Infrastructure Trust (“KIT”)) on its S$299.6 million equity fund raising comprising of a private placement of new units in KIT to institutional and other investors (“Private Placement”), and a non-renounceable underwritten preferential offering of new units to entitled unitholders of KIT (“Preferential Offering”).
The net proceeds from the Private Placement and Preferential Offering will be used towards the partial repayment of bridge facilities, totalling S$590 million, which were used to initially fund acquisitions by KIT in green infrastructure segments across Norway, Sweden, the United Kingdom, Germany and South Korea (“Acquisitions”).
The Acquisitions will grow KIT’s exposure to the global green infrastructure sector, allowing KIT to meet the growing global demand for renewables, clean energy and decarbonisation solutions. The Acquisitions will also reinforce KIT’s commitment to ESG targets and support the global climate agenda.
Advising KIT were Allen & Gledhill Partners Bernie Lee, Kern Wong and Jessie Lim.
