King & Wood Mallesons (KWM) is pleased to have advised Asia-Pacific Sustainable & Decarbonisation Infrastructure Equity, LP (a fund sponsored by Aravest and Sumitomo Mitsui Banking Corporation) on its equity investment of up to USD 100 million in August Energy, a developer and long-term owner of energy infrastructure assets.
August Energy will use the capital to expand its operations and explore potential acquisitions across Southeast Asia and India, supporting its goal of becoming a leading Energy as a Service (EaaS) infrastructure platform in the region.
Singapore partners David Phua and Indraneil Ghosh led on the deal, supported by senior associate Philippa Robinson, associates Kenneth Koh and Lachlan Thomas-Walters well as legal executive Michelle Huang.
Reflecting on the deal, David Phua said:
“We are thrilled to have supported the Asia-Pacific Sustainable & Decarbonisation Infrastructure Equity, LP on this investment, which reflects the growing demand for cleaner energy solutions across the Asia-Pacific region and India. This deal not only reinforces our own commitment to support sustainable energy initiatives, but also enhances August Energy’s potential to significantly contribute commercial and industrial decarbonisation in the region.”
