Key Takeaways
- • HPS Investment Partners has agreed to invest up to S$555 million ($434.6 million) in an Asian waste management business, per Bloomberg.
- • The investment takes the form of preference shares issued by SBTH Asia Holdings Pte, a holding company of Jakarta-listed energy and infrastructure firm TBS Energi Utama.
- • The deal is part of HPS's push to expand deployments in Asia following its acquisition by BlackRock Inc.
- • Proceeds are earmarked to fund growth of waste management operations across Asia, according to a company disclosure.
Summary
HPS Investment Partners has agreed to invest as much as S$555 million ($434.6 million) in an Asian waste management business, as the alternative asset manager accelerates its deployment activity in the region following the firm's acquisition by BlackRock Inc., according to Bloomberg.
The investment will be executed through preference shares to be issued by SBTH Asia Holdings Pte, a holding company of Jakarta-listed energy and infrastructure firm TBS Energi Utama. HPS funds will subscribe to these shares, based on a company disclosure cited by Bloomberg. The proceeds will be used to finance the growth of waste management operations across Asia.
The transaction highlights HPS's continued expansion in Asia under BlackRock ownership, with a focus on infrastructure-linked sectors such as waste management. The article's primary source does not provide further details on deal timing, return terms, or the specific size of the stake beyond the stated maximum commitment.
The investment will be executed through preference shares to be issued by SBTH Asia Holdings Pte, a holding company of Jakarta-listed energy and infrastructure firm TBS Energi Utama. HPS funds will subscribe to these shares, based on a company disclosure cited by Bloomberg. The proceeds will be used to finance the growth of waste management operations across Asia.
The transaction highlights HPS's continued expansion in Asia under BlackRock ownership, with a focus on infrastructure-linked sectors such as waste management. The article's primary source does not provide further details on deal timing, return terms, or the specific size of the stake beyond the stated maximum commitment.
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