Partners Group built CWP into a platform with five operating wind farms across the east coast of Australia, including Sapphire Wind Farm, one of the largest in New South Wales.2 They provide renewable energy to major Australian companies such as Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank and Snowy Hydro.
Squadron Energy (Squadron), part of the Tattarang group of companies, is a 100 per cent Australian owned and operated energy company.1
Macquarie executed a co-ordinated global marketing campaign, maximising the bidding field, which was critical given the large and complex nature of the CWP business, and provided investors early access to the CWP management team.
Macquarie also arranged a market-leading stapled portfolio debt package with highly competitive terms for the benefit of bidders which was utilised by Squadron. The portfolio debt staple was secured against multiple assets, had a flexible structure that included a construction facility and a corporate-style term facility with pre-agreed sizing metrics for the inclusion of future projects.