Street Talk

Skip Capital teams up with private equity for Genex Power play

Anthony Macdonald, Sarah Thompson and Kanika Sood

Jul 24, 2022 – 4.47pm

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Private capital’s finally come calling for listed renewable energy assets owner Genex Power, putting it in play with a bid valuing it at more than $500 million.

Genex’s board, chaired by former Stanwell Corporation chairman Ralph Craven, is understood to have received the indicative and non-binding bid over the weekend from a group of investors that have already amassed a combined 19.9 per cent stake.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.