Strategic advice to Spark for its investment in TransGrid

  • 2015
  • NSW
  • Strategic advice, debt and equity advisory
  • $735 million
  • In 2015, Spark Infrastructure (Spark) was part of an Australian-led consortium (NSW Electricity Networks) who took on the 99 year lease of TransGrid for total proceeds of $10.258 billion, including debt refinancing.

    ICA Partners provided strategic advice to Spark regarding the financing of its 15.01% equity contribution. Spark financed the acquisition via a fully underwritten entitlement offer, renewed corporate debt facilities and cash on hand.

    Following this, ICA Partners also advised Spark Infrastructure for its bid on Endeavour Energy in 2017.