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M&AClosedOctober 4, 2021

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

MarketsCalifornia

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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