Stonepeak

Stonepeak has entered into a definitive agreement to acquire Arvida Group Limited in a transaction valued at approximately US$1.25 billion including the assumption of debt. Arvida is a leading New Zealand-based operator of retirement villages, offering a range of living options to meet the needs of aged individuals. It is one of the largest retirement and aged care providers in the country, with 35 villages and the ability to develop upwards of 2,100 additional residences. With its established portfolio, attractive development pipeline, and long-term demand tailwinds, we believe Arvida represents a compelling investment opportunity with embedded infrastructure characteristics. We are excited to support the Arvida team as they continue to deliver quality services to aging communities and help drive the next phase of growth for the platform. Read more here: https://lnkd.in/epEBSN4v Read Arvida’s announcement here: https://lnkd.in/e9EGKZgu

Stonepeak Credit has agreed to provide $150 million in debt financing to Omni Fiber, a regional Fiber Internet Service Provider backed by Oak Hill Capital. Omni Fiber, which launched in 2022, currently serves residential and business customers in more than 25 communities, and the additional financing will accelerate its expansion into even more communities across Ohio, Pennsylvania, and Michigan. We’re excited to support Omni Fiber in this next phase of its growth.   Read more in the press release linked below. 

Stonepeak Senior Managing Director Anthony Borreca recently spoke with Infrastructure Investor about the role of port infrastructure in supporting the energy transition – a role that comes with many challenges and many opportunities. “To remain an attractive investment, ports need to grow, and they need to provide a valuable service to their customers and communities,” he says. “If you have a port that is largely focused on coal or crude oil transportation, you need to ensure you can continue growing and serving your customers as those fuels decline.” We believe ports that have the ability to offer diversified services in support of the energy transition can create attractive investment opportunities. Stonepeak portfolio company GeelongPort is one example, having handled more than 500,000 tons of turbine equipment for one of the largest onshore wind farms in Australia. To read the full article, click the link below.

Stonepeak is excited to announce that Yuichi Jimbo has joined the firm as Chairman, Japan. Yuichi will be based in Tokyo and will help support the execution of Stonepeak’s investment strategies in APAC. Yuichi is an experienced leader in global financial services, having most recently worked at Bank of America, serving as Chairman of Investment Banking and Vice Chairman at BofA Securities Japan. We believe that his leadership ability, relationships, and experience will be highly additive to our team in Japan and Asia Pacific more broadly. We are active investors in Japan with investments across digital infrastructure and renewable energy generation and storage, and are thrilled to have Yuichi on board as we seek to further our commitment to the region while delivering differentiated investments and additional value for our partners. Please join us in welcoming Yuichi to Stonepeak. Learn more: https://lnkd.in/eA2G2Bc5

Stonepeak portfolio company Clean Energy is the largest provider of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste, for the transportation market in the U.S. The company recently announced 15 new deals with cities across the U.S. in states including Arizona, Arkansas, California, Colorado, New York, Washington, and Washington D.C. to help fulfill the growing need for clean fuel. With a growing portfolio of RNG production facilities and an extensive network of more than 600 fueling stations across North America, Clean Energy helps thousands of vehicles, including hundreds of fleets of heavy-duty trucks, easily and affordably reduce their greenhouse gas emissions every day. We look forward to seeing the continued adoption of Clean Energy’s RNG as the U.S. shifts toward cleaner sources of energy supply. Learn more: https://lnkd.in/gBupgN3e

Last week, Stonepeak Senior Managing Directors Rob Kupchak and Darren Keogh participated in keynote panels at Infrastructure Investor’s Japan Korea Week 2024. During their sessions, Rob and Darren shared their perspectives on the macroeconomic and interest rate environment, including their impact on core infrastructure assets, and the sector trends driving investment opportunities today, namely decarbonization and digitization.

At Stonepeak, we believe sustainability considerations are fundamental to building stronger, more resilient businesses that deliver long-term value for all of their stakeholders. We believe few businesses exemplify that better than Stonepeak portfolio company GeelongPort, a diversified landlord port and the second largest port in Victoria, Australia, which has shown an active commitment to contributing to the sustainability of its local community. Hear directly from GeelongPort team members in the video below. Learn more about Stonepeak’s approach to responsible investment: https://lnkd.in/eizHVJC4

Digital Edge DC, one of Asia’s fastest growing data center platforms, and Peak Energy , a leading Asian renewable developer focused on solar, wind, and storage technologies, recently reached an agreement to jointly pursue renewable energy projects designed to power Digital Edge data centers across the region. The projects will provide up to 1 GW of renewable power for existing and planned data centers, allowing both companies to progress their respective sustainability and business goals. Learn more in the announcement linked below.

Stonepeak is proud to support Son of a Saint, a New Orleans-based nonprofit dedicated to transforming the lives of fatherless young men through mentorship, education, life skills, and community engagement. Thank you to the Son of a Saint team for hosting a terrific event – we’re excited to continue the partnership and support the growth of the organization.

Stonepeak portfolio company West Texas Gas (WTG) Midstream, the owner and operator of the largest private Permian gas gathering and processing business with assets located in the core of the Midland Basin, has agreed to be acquired by Energy Transfer in a transaction valued at $3.25 billion comprised of cash and stock. As part of the transaction, Energy Transfer will also acquire a 20% interest in the BANGL Natural Gas Liquids Pipeline, a ~425-mile NGL pipeline connecting the Permian Basin to markets on the Texas Gulf Coast. Read more: https://lnkd.in/gFfGXVyd Since investing in WTG in 2021, Stonepeak’s expert deal team has worked closely with WTG management on a range of initiatives that have significantly enhanced the business’s overall performance and sustainability profile. We are glad to see that the results of our hands-on operational approach have culminated in this strategic transaction with Energy Transfer, and congratulate all parties involved.