HMC Capital appoints Campbell Lutyens for capital injection process
Make us a preferred source
Make us a preferred source on Google
The news: HMC Capital has appointed private capital advisory firm Campbell Lutyens “to introduce third party capital into” the investment fund’s energy transition platform.
The fund manager also announced that it has completed its acquisition of French energy multinational Neoen’s assets in Victoria on 1 August, in line with the delayed timeline flagged on 1 July.
The numbers: The Neoen Victorian portfolio delivered unaudited EBITDA of $64 million in financial year 2025, a roughly 6.5% increase on the previous comparable period.
The context: HMC Capital flagged in July that it was considering three options for “value optimisation” of its energy transition portfolio including a potential fund raise, strategic partnership or merger with a financial investor and potential “portfolio rationalisation or sale alternatives”.
The Neoen assets will be merged with HMC’s Stor Energy battery development portfolio. At the close of the Neoen deal, 51 of 56 wind turbines at the Bulgana Wind Farm were operational, with the rest to be returned to service within two months.
Not all of the turbines in the Bulgana wind farm in the Neoen portfolio had moved back into operation following an incident there in May, but HMC said it is not expected to have a material impact on forecast cashflows or returns from the asset.
Neoen’s Victorian development team will also join HMC to continue work on delivering the 600MW Moorabool BESS and 600MW Kentbruck Wind Farm.
What they said: “Our confidence in the quality and value of the asset base and the strong fundamentals underpinning our investment thesis around Energy transition remains as strong as ever,” HMC Capital managing director and CEO David Di Pilla said.
The source: ASX
