AIMCo, OMERS, Brookfield eye Fourth Partner Energy deal

The Alberta Investment Management Corporation (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc. and I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Private Limited. The transaction entails the acquisition of TPG Capital’s 52 per cent share in Hyderabad-based Fourth Partner Energy for an enterprise value of about $700 million and a new equity investment of $500 million. The suitors have already submitted non-binding offers for the Bank of America and Investec-led transaction.