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Lazard readies bidders for $5b-plus Alinta Energy auction


Source: AFR, 3 Feb 2016

Investment bank Lazard has been drumming up interest in power retailer and generator Alinta Energy ahead of an auction slated to begin in coming months.

As Street Talk revealed on Wednesday, Lazard has met with potential buyers including utilities companies and private equity firms in the past fortnight, seeking support for the pending sale.

Lazard is expected to launch the auction in the first half of 2016 on behalf of Alinta's owner, global private equity firm TPG.

Alinta is expected to be worth more than $5 billion, based on high multiples paid for renewables company Pacific Hydro and New South Wales power transmission company TransGrid.

Alinta has interests in PIlbara power stations and pipelines and also provides gas and electricity to an estimated 800,000 retail, commercial and industrial customers across the country.

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