Summit, N.J., Nov 29 — Energy Capital Partners (“ECP”), a leading investment firm in the energy transition infrastructure sector, along with its 50/50 joint venture partner Centrica plc (“Centrica), today announced the completion of the Grain LNG acquisition from National Grid for an enterprise value of approximately £1.5 billion.
“We are thrilled to partner with Centrica, who brings a wealth of knowledge and experience in the UK energy markets, as we execute our joint vision to enhance this world-class asset, expand our customer base, and set up Grain LNG for success for decades to come,” said Matt Delaney, Partner, ECP. “With the UK and Europe’s growing need for dependable LNG supply, Grain LNG is uniquely positioned to deliver secure, affordable energy. This investment reflects ECP’s long-term commitment to supporting the energy transition by investing in strategic assets that deliver both reliability and sustainability.”
Slaughter and May acted as legal adviser to Centrica. Latham & Watkins served as legal adviser to ECP and to Garden Bidco Limited as purchaser.