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词条 I Squared Capital
释义

  1. History

  2. Investments

  3. Notable Advisors

  4. Awards

  5. References

{{Infobox company
| name = I Squared Capital LLC
| logo = I Squared logo.png
| logo_size = 220px
| type = Private
| founder = Sadek Wahba
| key_people = Sadek Wahba
{{small|(Managing Partner)}}
Adil Rahmathulla
Gautam Bhandari
| industry = Private equity
| products = Infrastructure
| aum = $13 Bn (USD)
| num_employees = 102
| homepage = {{URL|http://www.isquaredcapital.com/}}
| foundation = 2012
| location_city = Miami, Florida
| location_country = U.S.
}}

I Squared Capital is a private equity firm focusing on global infrastructure investments. The company invests in energy, utilities and transportation projects in North America, Europe and select high growth economies, such as India and China.

History

Founded in 2012, the firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York, Hong Kong and Singapore.[1] Several of its executives were previously senior executives at Morgan Stanley, including Sadek Wahba,[2] Adil Rahmathulla and Gautam Bhandari.

In September of 2018, I Squared Capital announced the closing of its ISQ Global Infrastructure Fund II at the $7 billion USD legal cap, exceeding an initial target for the fund of $5 billion USD. The fund received commitments from over 100 institutional investors with oversubscribed demand and a re-up rate over 80 percent from Fund I.[3][4]

Investments

The firm has made investments in the U.S. hydroelectric power industry,[5] in China's waste water treatment industry,[6] and in India, including a majority stake in the 109-kilometer Jaipur Mahua Tollways[7] in the northwestern state of Rajasthan, and a stake in the rooftop solar power company Amplus Energy Solutions Private Limited.[8]

I Squared's hydro-electric power investments have been made through its portfolio company Cube Hydro Partners LLC, which was formed in January 2014. Cube Hydro owns and operates 14 hydroelectric power facilities in the U.S.[9][10] and purchased four more plants in 2016.[11] Kristina M. Johnson, a former undersecretary for energy at the U.S. Department of Energy, is the CEO of Cube Hydro.[12]

On 31 December 2015, I Squared purchased the 220-mile pipeline gathering system owned by WPX in the San Juan Basin in New Mexico. The purchase price was reported to be $285 million USD.[13]

In March 2016, the company struck a deal to buy the Irish power company Viridian for about one billion Euros. Viridian provides about 20% of the power to Ireland.[14]

In October 2016, I Squared Capital entered into an agreement with Duke Energy International's Latin American division to purchase all of the assets (excluding those in Brazil) for $1.2 billion USD. The investment will add hydroelectric and natural gas generation plants, transmission infrastructure, and natural gas processing facilities, totaling 2,300 megawatts of energy. The assets are located in Peru, Chile, Ecuador, Guatemala, El Salvador, and Argentina.[15][16][17] The transaction for the purchase of these assets from Duke Energy was completed in December 2016.[18][19][20]

Orazul Energy Egenor S. en C. por A., a Lima, Peru-based subsidiary or Orazul Energy and a portfolio company of I Squared Capital announced on May 2, 2017 that the company had closed on a $550 million offering of 5.625% 10-year bonds due in 2027.[21]

Li Ka-shing, Hong Kong's richest man, sold his Hutchison Telecommunications fixed-line phone business for $14.5 billion Hong Kong Dollars ($1.86bn USD). Hutchison Global Communications runs an extensive fiber-optic network that connects to over 14,000 buildings. It is also a major provider of WiFi services to Hong Kong.[22] HGC's fiber optic network consists of over 1.4 million kilometers of cable and its WiFi network includes over 25,000 hot-spots. The company's extensive international network has four highly prized land routes into mainland China and it has global reach through multiple sub-marine and terrestrial cable systems.[23][24]

In August 2018, I Squared entered into an agreement to sell 100 percent of its equity interest in Lincoln Clean Energy LLC to Ørsted for an enterprise valuation of $580 million. Lincoln Clean Energy is a leasing U.S.-based developer, owner, and operator or wind farms.[25][26]

In November 2018, I Squared Capital, along with Blackstone Energy and EagleClaw formed a Delaware Basin midstream partnership. The firm invested over $500 million USD in cash and contributed its Delaware Basin midstream portfolio company, Pinnacle Midstream.[27][28]

Notable Advisors

Boutros Boutros-Ghali, former Secretary-General of the United Nations and Egypt's Minister of Foreign Affairs, served as an advisor to the fund. In 2013, Jonson Cox, the chairman of the UK's Water Services Regulation Authority, was appointed as a senior policy advisor of I Squared.[29] Tom J. Donohue, President & CEO of the United States Chamber of Commerce and Ginger Lew, former Senior Counsel to White House on Economic Policy, are advisors to I Squared.

Awards

In 2016, I Squared won six awards from Infrastructure Investor, including "Global Personality of the Year", "Global Fund Manager of the Year," "Global Fundraising of the Year," "North America Fundraising of the Year," "North America Fund Manager of the Year," and "Asia Pacific Transport Investor of the Year."[30]

In 2018, I Squared won six awards from Infrastructure Investor, including "Global Personality of the Year" for Sadek Wahba, "Global Fund Manager of the Year," Global Equity Fundraising of the Year," "Global Transport Investor of the Year," "North America Fund Manager of the Year," and "North America Energy Investor of the Year."[31]

References

1. ^{{Cite web|url=https://www.businesswire.com/news/home/20180904005045/en/Squared-Capital-Raises-New-7-Billion-Global|title=I Squared Capital Raises New $7 Billion Global Infrastructure Fund|date=2018-09-04|website=www.businesswire.com|language=en|access-date=2019-03-05}}
2. ^{{cite news|last1=Willmer|first1=Sabrina|title=Ex-Morgan Stanley Executives Said to Plan $2 Billion Fund|url=https://www.bloomberg.com/news/articles/2013-07-17/ex-morgan-stanley-executives-said-to-plan-2-billion-fund|accessdate=1 September 2015|agency=Bloomberg News|date=July 17, 2013}}
3. ^{{Cite web|url=https://realassets.ipe.com/news/i-squared-capital-raises-7bn-for-global-infrastructure-fund/realassets.ipe.com/news/i-squared-capital-raises-7bn-for-global-infrastructure-fund/10026512.fullarticle|title=I Squared Capital raises $7bn for global infrastructure fund|last=|first=|date=|website=IPE|archive-url=|archive-date=|dead-url=|access-date=March 22, 2019}}
4. ^{{Cite web|url=https://www.marketwatch.com/press-release/i-squared-capital-raises-new-7-billion-global-infrastructure-fund-2018-09-04|title=I Squared Capital Raises New $7 Billion Global Infrastructure Fund|last=|first=|date=September 4, 2018|website=|archive-url=|archive-date=|dead-url=|access-date=March 22, 2019}}
5. ^{{cite news|last1=Gough|first1=Paul|title=Private equity firm buys Allegheny River hydropower facilities|url=http://www.bizjournals.com/pittsburgh/blog/energy/2015/02/private-equity-firm-buys-allegheny-river.html|accessdate=28 September 2015|agency=Pittsburgh Business Times|publisher=American City Business Journals|date=February 24, 2015}}
6. ^{{cite news|title=I Squared Capital acquires majority interest in China's Jiaqing Water|url=https://www.reuters.com/article/2014/09/09/i-squared-capital-idUSnBw096813a+100+BSW20140909|accessdate=28 September 2015|agency=Water Technology|publisher=Kable|date=September 10, 2014}}
7. ^{{cite news|last1=Bureau|first1=ET|title=I Squared Capital buys out Jaipur Mahua Tollways|url=http://articles.economictimes.indiatimes.com/2014-12-08/news/56839717_1_toll-road-road-project-infra-projects|accessdate=1 September 2015|agency=The Economic Times|date=December 8, 2014}}
8. ^{{cite news|last1=Bhaskar|first1=Utpal|title=I Squared Capital to invest $150 million in Amplus Energy|url=http://www.livemint.com/Home-Page/9Pjd9m2u5oOPq7As7pEKzN/I-Squared-Capital-to-invest-150-million-in-Amplus-Energy.html|accessdate=1 September 2015|publisher=livemint}}
9. ^{{Cite web|title = Portfolio|url = http://www.cubehydropartners.com/portfolio/|publisher=Cube Hydro Partners|accessdate = 2015-11-30}}
10. ^{{Cite web|title = Cube Hydro acquires 20-MW York Haven hydropower plant|url = http://www.hydroworld.com/articles/2015/11/cube-hydro-acquires-20-mw-york-haven-hydropower-plant.html|website = www.hydroworld.com|accessdate = 2015-12-10}}
11. ^{{cite news|url=http://www.salisburypost.com/2016/07/11/cube-hydro/|title=Cube Hydro will buy Yadkin River power plants, including High Rock dam, from Alcoa|work=Salisbury Post|date=2016-07-11|accessdate=2016-07-12}}
12. ^{{Cite web|title = About|url = http://www.cubehydropartners.com/about/|publisher=Cube Hydro Partners|accessdate = 2015-11-30}}
13. ^{{Cite web|url=http://www.energyglobal.com/pipelines/business-news/11012016/WPX-sells-San-Juan-Basin-pipeline-system/|title=WPX sells San Juan Basin pipeline system|website=Energy Global|access-date=2016-05-26}}
14. ^{{Cite news|url=http://www.ft.com/cms/s/0/1a04bb14-f4fe-11e5-803c-d27c7117d132.html#axzz45B4HYU1l|title=I Squared targets UK after Viridian deal|last=Campbell|first=Peter|date=2016-03-29|newspaper=Financial Times|issn=0307-1766|access-date=2016-04-07}}
15. ^{{Cite news|url=http://www.streetinsider.com/Corporate+News/Duke+Energy+(DUK)+Announces+LatAm+Businesses+Sale+to+I+Squared+Capital;+Deal+Carries+EV+of+~$1.2B/12119825.html|title=Duke Energy (DUK) Announces LatAm Businesses Sale to I Squared Capital; Deal Carries EV of ~$1.2B|newspaper=StreetInsider.com|access-date=2016-10-24}}
16. ^{{Cite news|url=http://www.nasdaq.com/article/i-squared-to-buy-duke-energy-latin-american-units-excl-brazil-in-12-bln-deal-20161010-00760|title=I Squared To Buy Duke Energy Latin American Units Excl. Brazil In $1.2 Bln Deal|date=2016-10-10|newspaper=NASDAQ.com|access-date=2016-10-24}}
17. ^{{Cite web|url=http://www.power-technology.com/news/newsdeals-this-week-china-three-gorges-corporation-i-squared-capital-advisors-tennet-holding-5030568|title=Deals this week: China Three Gorges Corporation, I Squared Capital Advisors, TenneT Holding|website=Power Technology|access-date=2016-10-24}}
18. ^{{Cite web|url=http://www.elp.com/articles/2016/12/duke-energy-completes-sale-of-international-business-in-brazil.html|title="Duke Energy completes sale of international business in Brazil"|last=|first=|date=December 29, 2016|website=Electric Light & Power|archive-url=|archive-date=|dead-url=|access-date=}}
19. ^{{Cite web|url=http://newenergyevents.com/i-squared-capital-jumps-into-lac-market/|title="I Squared Capital jumps into market with $1.2bn acquisition"|last=|first=|date=|website=NewEnergy Events|archive-url=|archive-date=|dead-url=|access-date=}}
20. ^{{Cite news|url=https://lavca.org/2016/12/20/duke-energy-sells-latin-american-businesses-squared-capital/|title="Duke Energy Sells Latin American Businesses to I Squared Capital"|last=|first=|date=December 12, 2016|work=|access-date=|archive-url=|archive-date=|dead-url=}}
21. ^{{Cite news|url=http://www.prnewswire.com/news-releases/orazul-energy-announces-closing-of-550-million-bond-offering-300448318.html|title=Orazul Energy Announces Closing of $550 Million Bond Offering|last=|first=|date=|work=PR Newswire|access-date=May 2, 2017|archive-url=|archive-date=|dead-url=}}
22. ^{{Cite news|url=https://www.ft.com/content/70a26012-750d-11e7-90c0-90a9d1bc9691|title=LiKa-shing agrees $2bn Hutchinson fixed-line business sale|last=Massoudi|first=Arash|date=July 30, 2017|work=Financial Times|access-date=July 31, 2017|archive-url=|archive-date=|dead-url=}}
23. ^{{Cite web|url=http://www.businesswire.com/news/home/20170730005045/en/Squared-Capital-Acquire-Hutchison-Global-Communications-Leading|title=I Squared Capital to Acquire Hutchinson Global Communications, a Leading Fixed-Line Service Provider in Hong Kong|last=Moon|first=Andreas|date=July 30, 2017|website=Business Wire|archive-url=|archive-date=|dead-url=|access-date=}}
24. ^{{Cite news|url=http://www.zdnet.com/article/hutchison-to-sell-fixed-line-unit-to-i-squared-capital-for-hk14-5b/|title=Hutchison to sell fixed-line unit to I Squared Capital for HK$14.5b|last=Bindi|first=Tas|date=July 31, 2017|work=ZDNet|access-date=July 31, 2017|archive-url=|archive-date=|dead-url=}}
25. ^{{Cite web|url=https://www.reuters.com/article/us-orsted-results/danish-energy-group-orsted-buys-u-s-onshore-wind-developer-idUSKBN1KU0MS|title=Danish energy group Orsted buys U.S. onshore wind developer|last=|first=|date=August 9, 2018|website=Reuters|archive-url=|archive-date=|dead-url=|access-date=}}
26. ^{{Cite web|url=https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/orsted-to-acquire-lincoln-clean-energy-from-i-squared-capital|title=Orsted to Acquire Lincoln Clean Energy from I Squared Capital|last=|first=|date=August 9, 2018|website=Financial Post|archive-url=|archive-date=|dead-url=|access-date=}}
27. ^{{Cite web|url=https://www.nasdaq.com/article/blackstone-energy-forms-venture-with-i-squared-capital-eagleclaw-to-develop-delaware-basin-cm1049065|title=Blackstone Energy Forms Venture With I Squared Capital, EagleClaw, to Develop Delaware Basin|last=|first=|date=November 2, 2018|website=NASDAQ|archive-url=|archive-date=|dead-url=|access-date=March 22, 2019}}
28. ^{{Cite web|url=https://www.wsj.com/articles/eagleclaw-blackstone-energy-i-squared-partner-in-delaware-basin-venture-1541193997|title=EagleClaw, Blackstone Energy, I Squared Partner in Delaware Basin Venture|last=|first=|date=November 2, 2018|website=Wall Street Journal|archive-url=|archive-date=|dead-url=|access-date=March 22, 2019}}
29. ^{{cite news|last1=Leftly|first1=Mark|title=Ofwat chair wades into new controversy|url=https://www.independent.co.uk/news/uk/politics/ofwat-chair-wades-into-new-controversy-8959732.html|accessdate=18 September 2015|agency=The Independent (UK)|date=November 24, 2013}}
30. ^{{Cite web|url=https://www.infrastructureinvestor.com/uploadedFiles/Editorial_Imageas/II70_AR-awards2.pdf|title=Infrastructure Investor Awards 2015|last=|first=|date=March 4, 2016|website=Infrastructure Investor|publisher=Infrastructure Investor|access-date=4 March 2016}}
31. ^{{Cite web|url=https://www.infrastructureinvestor.com/print-editions/march-2019-issue/ii-awards-2018-global-winners/|title=II Awards 2018: Global winners|last=|first=|date=March 1, 2019|website=Infrastructure Investor|archive-url=|archive-date=|dead-url=|access-date=March 22, 2019}}

2 : American companies established in 2013|Financial services companies of the United States

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