CPE Renewable Investment Unit Trust’s A$90 Million Acquisition And Portfolio Financing Facility

Gilbert + Tobin has advised ANZ Bank on the deal.

ANZ Bank acted as senior lender on its A$90 million acquisition and portfolio financing facility made available to commercial rooftop solar provider, CPE Renewable Investment Unit Trust (CPERI), a funding vehicle joint venture between First Sentier Investors and CleanPeak Energy.

The lending facility supported CPERI’s recent acquisition of the Enwave Australia distributed energy business from Infrastructure Capital Group, helping expand CPERI’s asset portfolio to the supply of clean and reliable embedded networks within large building precincts.

The financing not only enables CPERI to diversify its business but also provides committed funding for further projects, with a focus on integrated rooftop solar and batteries, and embedded networks within energy efficient building – including the landmark Central Park development close to Sydney’s Central Station, as well as plants at Qantas’ Mascot office precinct and the Tonsley Innovation District in Adelaide.

Banking and Infrastructure Partner Simon Lynch (Picture), led the G+T team on the transaction.

Involved fees earner: Simon Lynch – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: ANZ Banking Group;

Author: Michael Patrini