JSA advised Leap Green Energy Private Limited on its potential 100% stake sale of its two special purpose vehicles (SPVs) – Ivy Ecoenergy India Private Limited and Vanilla Clean Power Private Limited to the Sembcorp group.
Leap Green Energy Private Limited is multifaceted power generating company, committed to generating power through various renewable resources including by way of wind and solar assets. By way of this acquisition, Green Infra Wind Energy Limited, a wholly owned subsidiary of Sembcorp Industries Ltd. (a Singapore energy company), will acquire 228MW of operational wind assets owned by the SPVs of Leap Green in Madhya Pradesh, Maharashtra and Rajasthan in India. The deal forms part of Sembcorp’s 2028 target to achieve 25 GW of gross installed renewable capacity across the globe.
Our transaction team comprised lead partner – Sidharrth Shankar, partner – Prakriti Jaiswal, principal associate – Anindita Basu, associate – Rishika Agarwal and Abhilash Raghav.
Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.