Spark Infrastructure Group is an Australian
investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages in ...
which owns and manages a portfolio of electricity infrastructure assets.
Spark's principal investments are 49% stakes in both
SA Power Networks
SA Power Networks is the sole electricity distributor in the state of South Australia, delivering electricity from high voltage transmission network connection points operated by ElectraNet. It is the successor to the Electricity Trust of S ...
and
Victoria Power Networks; as well as a 15% stake in the NSW Power Networks consortium given the concession for
TransGrid
Transgrid is the manager and operator of the high voltage electricity transmission network in New South Wales and the Australian Capital Territory, Australia, and is part of the National Electricity Market (NEM). The company's offices are located ...
, the high-voltage transmission system for
New South Wales
)
, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
.
History
The company debuted on the
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia a ...
on 16 December 2005 with the
stock symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters or ...
SKICA representing an instalment receipt with a final instalment due in March 2007 when the instalment receipts were transferred for SKI shares.
In August 2021, a takeover bid from
KKR
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...
,
Ontario Teachers' Pension Plan
The Ontario Teachers' Pension Plan Board (french: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian p ...
and
Public Sector Pension Investment Board
The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada's largest pension investment managers, with CAD $204.5 billion of n ...
was accepted by the
board of directors. It was subject to shareholder approval. The acquisition completed in December 2021 and its stock was delisted.
References
{{Reflist
Electric power companies of Australia
Companies formerly listed on the Australian Securities Exchange
Australian companies established in 2005
Companies based in Sydney
Investment companies of Australia
2021 mergers and acquisitions