Sembcorp enters Australian market with AUD6.5 billion energy deal

Alinta Energy is one of Australia's leading integrated energy retailers and generators. The acquisition marks the entry of Sembcorp—a Singapore-listed renewable energy and low-carbon energy player across Asia Pacific, the Middle East, and the UK—into the Australian market, reinforcing its strategic ambition to expand its global footprint and accelerate the energy transition.

The club facility comprises an acquisition tranche to fund the purchase consideration and related transaction costs, working capital facilities, and contingent instrument tranches to support Alinta's ongoing business needs. 

“This financing reflects the increasing scale and complexity of cross-border energy transactions as global players seek to align portfolios with decarbonization goals,” said William Kim, partner at A&O Shearman. “Our role was to deliver a robust structure that supports both immediate acquisition requirements and long-term operational flexibility.”

The A&O Shearman team was led by partner William Kim, supported by senior associate Shirley Wong, and lawyer Hannorah Hay.