Sempra Infrastructure Partners — 45 MTPA LNG export portfolio + 4 GW renewables (Mexico) + cross-border gas pipelines
Sempra closed sale of 20% non-controlling interest in Sempra Infrastructure Partners to KKR for $3.37B. Implied SIP enterprise value $25.2B (incl. $8.37B asset-related debt). Announced April 2021; closed October 2021. Capital recycled into US utility growth strategy. SIP holds Sempra LNG, IEnova (Mexico), and Sempra Mexico LNG.
$3.37B
Deal Value
4,000MW
Capacity
Mixed
Technology
CA
Location
Deal Details
- Deal Type
- Minority Stake
- Seller / Sponsor
- Sempra Energy
- Buyer / Financier
- KKR
- Deal Value
- $3.37B (20% stake)
- Stage
- Operating + Construction
- ISO/RTO
- Multiple
- Source
- Sempra
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