Petronas’ Acquisition Of Amplus Energy From I Squared Capital


Davis Polk is advising I Squared Capital in connection with its sale of 100% of the outstanding interests in Amplus Energy Solutions Pte. Ltd. to Petroliam Nasional Berhad (“Petronas”).

Financial terms of the transaction were not disclosed.

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom and transport in North America, Europe and high growth economies in Asia and Latin America. Established in 1974, Petronas is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®. Amplus, also known as M+, is a Singapore-based company that invests and is developing cumulative capacity of over 500MW of distributed energy assets across India, the Middle East and South East Asia.

Amplus Energy Solutions is an Indian company that provides solar energy solutions to industrial and commercial consumers.

The Davis Polk corporate team includes counsel Sam Kelso (Picture).

Involved fees earner: Sam Kelso – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: I Squared Capital Advisors, LLC;