Brookfield is acquiring a majority stake in Leap Green Energy by providing an upfront commitment to make an equity investment of over $200 million in Leap Green, through a combination of subscription of new shares and acquisition of shares from current shareholders.
Additionally, Brookfield has an option to infuse further US$350 million of incremental equity capital to support the future growth of the business.
Shardul Amarchand Mangaldas & Co advised Brookfield on this transaction.
The transaction team was led by Karun Prakash, Partner; Nirmal Mahtani, Partner; Tanay Khanna, Principal Associate; Bhavna Hemrajani, Associate; and Ruthvik Tumuluri, Associate.
The due diligence team was led by Karun Prakash, Partner, V R Neelakantan, Partner, Mrinal Sharma, Partner, Kriti Kaushik, Partner, Mrinal Kumar, Partner, Aarthi Lakshminarayanan, Partner, Shrutikirti Kumar, Partner, Tanay Khanna, Principal Associate, Charu Mehrish, Principal Associate, Lipsa Acharyya, Principal Associate, C M Paramaguru, Principal Associate, Suryansh Gupta, Principal Associate, Siddharth Jain, Senior Associate, Indira Shanker Reddy, Senior Associate, Ayush Sharma, Associate, Bhavna Hemrajani, Associate, Simran Khullar, Associate, Sukoon Dinodia, Associate, Madhvi Vangani, Associate and Saharssh K S, Associate.
The competition team was led by Aparna Mehra, Partner, Kshitij Sharma, Senior Associate, and Karan Arora, Associate.
The regulatory team was led by Devesh Pandey, Partner and Tryambica Singh, Associate. The ABAC team was led by Alina Arora, Partner, Apurva Zutshi, Partner, and Noaman Bin Mohammed Mujahed, Senior Associate.
The insurance team was led by Shailaja Lal, Partner, and Uday Opal, Principal Associate.
AZB & Partners (Delhi) advised Leap Green Energy and its founders, Rajeev Akshay Karthikeyan and Dev Anand Vijayan on this transaction.
AZB & Partners (Mumbai) advised a majority private equity selling shareholder on this transaction.
Leap Green Energy is engaged in the business of setting up, acquiring, operating and managing wind, solar and hybrid power generating projects and sale and storage of power generated from wind, solar and hybrid power generating projects, across India.
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