Latham & Watkins has advised ICG, the global alternative asset manager, on its US$50 million investment in Amp Energy India Private Ltd. (Amp India or the Company), a leading renewable energy platform, with the option to invest an additional US$50 million. The transaction marks the first investment by ICG’s Asia-Pacific Infrastructure team located across Asia, focusing on mid-market transactions, corporate-led deals, and scaling platforms with a strong commitment to sustainable infrastructure.
The transaction will support Amp India’s growth plan, and ICG will work closely with the company’s highly experienced management team to continue capitalizing on the growing demand for renewables in the region. Bolstered by strong government support and decarbonization commitments from large corporates, India’s renewables market is expected to add 145GW in the next five years.
The Latham team was led by Singapore corporate partner, Sidharth Bhasin, with counsel Penelope Davey and associate Siana Bell.