Post by Gleacher Shacklock

Gleacher Shacklock is pleased to announce it has acted as financial advisor to GIC (the Singaporean sovereign wealth fund) on its investment in TenneT Germany. GIC, APG (investing on behalf of Dutch pension fund ABP) and Norges Bank Investment Management (NBIM) will invest a total of €9.5bn in primary capital into the company, with an expected ownership stake of 46% in a transaction that values TenneT Germany at c. €40bn Enterprise Value. TenneT Germany is Europe’s leading cross-border electricity transmission system operator, and a key player in system integration and offshore wind connections. This transaction secures the equity requirement for the expansion of TenneT Germany's high-voltage grid for the years to come. This represents another successful transaction for the Gleacher Shacklock Infrastructure Team acting on behalf of GIC. Congratulations to GIC and to the deal team involved. Click here to find out more: https://lnkd.in/eCYtnWfX