Gleiss Lutz’s Post

We are delighted to advise Singapore’s sovereign wealth fund GIC on its investment in TenneT Germany. Together with APG and Norges Bank Investment Management (NBIM), the incoming investors will provide a primary equity commitment of up to EUR 9.5 billion in aggregate to TenneT Germany. With this transaction, TenneT Holding and its sole shareholder, the Dutch state, secure the equity requirements for the expansion of TenneT Germany’s high-voltage grid for the years to come. Many thanks to the GIC team for their trust and the exceptional collaboration! Thank you also to Anselm Raddatz, Mathias Elspass and Dominik Heß and the Clifford Chance team for the great collaboration. Read more: https://lnkd.in/eGgTg2x7

“No one has a monopoly on wisdom.” Daniel Ee, Chairperson of Keppel Infrastructure Fund Management, reflects on why a diversity of perspectives builds stronger, more cohesive boards. Watch the full video to uncover more insights and reflections from the Chairperson Accelerator Programme participants and guest chairs like Daniel here: www.sid.org.sg/cap #SID #BoardLeadership #GovernanceForGood #Chairperson Singapore Institute of Directors

INVESTOR NEWS: TenneT, a European grid operator, has reached an agreement with three large institutional investors in Europe regarding their investment in TenneT Germany. APG, investing on behalf of Dutch pension fund ABP; Singapore’s sovereign wealth fund GIC; and Norges Bank Investment Management have pledged an aggregate €9.5 billion ($11 billion) to be contributed partly at initial close and partly in later years. https://lnkd.in/gDJ7XYZP

TenneT Holding has reached a significant milestone by securing a EUR 9.5 billion investment for its German Unit from APG, Norges Bank Investment Management, and Singapore's sovereign wealth fund GIC. This deal, involving the acquisition of around 46% of the shares, ensures the necessary equity for expanding TenneT Germany's high-voltage grid. The Dutch state will retain the remaining 54%. This strategic investment underscores TenneT's role as a leading cross-border TSO in Europe, enhancing system integration and offshore wind connections. The anticipated completion is set for the first half of 2026. As a recruiter, I see how such substantial investments not only strengthen energy infrastructure but also signal potential opportunities in the energy sector for talented professionals. The expectation for regulatory approvals and discussions with KfW indicates an evolving landscape ripe for skilled individuals in finance, engineering, and regulatory roles. Future job seekers, keep an eye on these developments - TenneT is paving the way for exciting advancements. #EnergyInvestment #GridExpansion #RecruitmentOpportunities

We are delighted to advise Singapore’s sovereign wealth fund GIC on its investment in TenneT Germany. Together with APG (investing on behalf of the Dutch pension fund ABP) and Norges Bank Investment Management (NBIM), the incoming investors will provide a primary equity commitment of up to EUR 9.5 billion in aggregate to TenneT Germany. TenneT Germany operates a large part of Germany’s electricity grid, both onshore and offshore. With this transaction, TenneT Holding and its sole shareholder the Dutch state secure the equity requirement for the expansion of TenneT Germany’s high-voltage grid for the years to come. Please find the full press release here: https://lnkd.in/ekSQubqH

📣 APG, investing on behalf of Dutch pension fund Pensioenfonds ABP, has reached an agreement with European grid operator TenneT, regarding an investment in TenneT Germany. 𝗢𝘃𝗲𝗿 𝘁𝗶𝗺𝗲, 𝗔𝗣𝗚 𝘄𝗶𝗹𝗹 𝗮𝗰𝗾𝘂𝗶𝗿𝗲 𝗮 𝘀𝘁𝗮𝗸𝗲 𝗼𝗳 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝟭𝟭% 𝗶𝗻 𝗧𝗲𝗻𝗻𝗲𝗧 𝗚𝗲𝗿𝗺𝗮𝗻𝘆. Together with the commitments of two other institutional investors, the Singapore sovereign wealth fund GIC and Norges Bank Investment Management (NBIM), the total commitment for the next four years amounts to €9.5 billion (46% of TenneT Germany). This capital will be used to expand TenneT Germany’s high-voltage grid in the years to come. ⚡ 🔗 Read more on our website: https://lnkd.in/eXRim-wC #ImpactInvesting #EnergyTransition #Infrastructure #APG

APG, a Dutch pension investment company, agreed to invest €300m in Return, an independent energy storage provider.   Return (led by Willem-Jan S.) is advised by Baringa Partners, KPMG, Santander, A&O Shearman and DNV. APG (led by Bart Saenen, CFA) is advised by Montel, Timera, Deloitte, Nomura, Greenberg Traurig, LLP and RINA. https://lnkd.in/dhn4wcR9 #MergersAcquisitionsDivestitures #PrivateEquity #Energy

Superannuation investor to wind down private equity division IFM Investors , which invests on behalf of leading industry super funds, has decided to wind down its direct private equity investing division. Chief executive David Neal (pictured) says he does not believe it is practical to scale up the division to match the growth of super to be invested. Read more about this, and much more about private equity and venture capital, at https://lnkd.in/gE-aPUTb #privateequity #venturecapital #superannuation

Thoma Bravo invests in SDC Capital Partners. SDC is a digital infrastructure investment firm with around $7.8 billion in AUM. Todd Aaron | Holden Spaht #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #Deals #GPStakes #GPStake https://lnkd.in/eAgEkMHw

Apollo Global Management Inc. is rolling out three new private capital funds for wealthy individual investors in Europe, intensifying the competition for a group seen as key to the growth of private markets. https://lnkd.in/eSR9KJdb