GIC Participates in Massive Equity Infusion into FirstEnergy
Posted on 01/23/2018
A group of investors invested US$ 2.5 billion into Akron, Ohio-based FirstEnergy Corporation, a distressed Midwestern utility, which includes US$ 1.62 billion in mandatory convertible preferred equity and US$ 850 million of common equity. These investors include Singapore’s GIC Private Limited (through Cheyne Walk Investment Pte. Ltd.), affiliates of Paul Singer’s Elliott Management Corporation, private […]
- Bluescape
- Energy
- featured
- FirstEnergy
- Government of Singapore Investment Corporation
- Hedge Funds
- Moelis
- Private Equity
- Singapore
- Zimmer Partners
