Mergers & Acquisitions ·
Brookfield Asset Management Ltd. has entered into an agreement to acquire Aypa Power from Blackstone Energy Transition…
BAMBrookfield Asset Management Ltd.
Brookfield Asset Management Ltd. has entered into an agreement to acquire Aypa Power from Blackstone Energy Transition Partners for an enterprise value of approximately $7 billion or an equity value of $3 billion. Aypa Power is a leading North American battery storage platform with 6.5 GW of operating and contracted capacity and a development pipeline exceeding 20 GW. The transaction is subject to customary regulatory approvals. Brookfield Asset Management Ltd. is a global alternative asset manager specializing in infrastructure, energy, and real assets.