JSA advised and assisted Hero Future Energies Global Limited (HFE Global) and Hero Future Energies Private Limited (HFE India) in relation to its private equity fund raise of US$ 450 Million (i.e. around INR 3600 crore) by global investment and private equity firm KKR (Kohlberg Kravis Roberts) in HFE Global. The transaction involved complex structuring and issues across UK and India jurisdictions.
Based in New York, KKR is one of the world’s largest global investment funds with more than US$ 500 billion of assets under its management, including investments in renewable energy sector in India.
HFE Group is focused on futuristic and clean energy and has presence in select international geographies around the world. IFC (World Bank) and Masdar are existing investor in HFE Group. Hero Future Energies is a leading independent power producer in India.
This investment will help HFE grow and expand its renewable energy capacity and capabilities in areas like solar, wind, battery storage, and green hydrogen, as well as into new markets over time. Further, this investment leverages KKR’s expertise in India and renewable energy. HFE’s clean energy solutions are crucial in assisting companies in decarbonizing as energy needs rise.
The transaction also required the filing of a merger notification with the Competition Commission of India and seeking necessary clarifications/ permissions from the Reserve Bank of India.
Our Transaction Team Comprised Lead Partner – Manvinder Singh, Partner – Anant Mishra, Associate – Parnik Saxena and Pragya Pandey.
Our Projects Advice Team Comprised Partner – Vishnu Sudarsan and Shashank Vikram Singh and Associate – Siddhant Thakar.
Our Competition Team Comprised Partner – Vaibhav Choukse and Senior Associate – Nripi Jolly.
Manvinder has a practice of more than 20 years and specializes in acquisitions, private equity investment and business restructuring. Manvinder regularly advises leading global private equity funds in structuring and concluding their investments in Indian companies.