Canadian pension fund OPTrust and Swiss private capital giant Partners Group are ready to wave goodbye to their 240-megawatt Ararat wind farm in a deal that could spell a circa $500 million payday for the owners.
Street Talk can reveal that OPTrust and Partners have mandated Azure Capital to sell the Victorian wind farm after fielding inbound approaches. Sources said Azure’s orders were to run a tight sales process, targeted at a few potential buyers.
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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. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
