rPlus Energies has introduced a platform-level partnership with Sandbrook Capital, by which Sandbrook will make investments as much as $460 million within the firm alongside continued help from rPlus founding investor, Gardner Group.
rPlus’ 15 GW pipeline of renewable initiatives will probably be facilitated by Sandbrook’s preliminary dedication, enabling the corporate to deliver an anticipated 1 GW of storage on-line within the near-term, whereas advancing the pipeline steadiness.
“From the outset, it was evident that we share an execution-oriented and community-minded strategy to enterprise and mission improvement,” says Luigi Resta, rPlus president and CEO. “The experience, dedication and drive of the Sandbrook workforce, coupled with the Gardner Group’s continued management, will play a pivotal position in steering substantial development as rPlus makes a strategic transition to own-and-operate for the long-term.”
Lazard Frères & Co served as monetary advisor to rPlus. Foley & Lardner served as transaction counsel to rPlus. Kirkland & Ellis served as transaction counsel to Sandbrook. Parr Brown Gee & Loveless served as transaction counsel to Gardner Group.
