Pacific Equity Partners Secure Assets Fund I sells Zenith Energy to KKR

Pacific Equity Partners (PEP) has agreed to sell Zenith Energy, a provider of hybrid power solutions for remote and urban environments, to KKR. This transaction represents a strategic exit for PEP's Secure Assets Fund I and a significant addition to KKR's infrastructure portfolio. Zenith's focus on integrating renewable energy sources like solar, wind, and battery storage aligns with the growing demand for sustainable and reliable power solutions, particularly in off-grid and microgrid applications. The acquisition allows KKR to expand its presence in the Australian energy market and capitalize on the increasing adoption of renewable energy technologies. The deal is notable due to the involvement of established players like PEP and KKR, signaling continued investor interest in the renewable energy sector. While the transaction value remains undisclosed, the sale of a company specializing in hybrid power solutions suggests a substantial investment. Zenith's business model, catering to both remote resource sector clients and urban microgrids, provides diversification and resilience, making it an attractive asset for KKR. The co-sellers, Foresight and OPSEU Pension Trust, further underscore the institutional interest in Zenith's potential.