The funds and other accounts managed by Ares' Infrastructure and Power strategy have agreed to acquire a majority stake in Apex Clean Energy. The deal will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer. Apex's current management team will continue to lead the company.

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The funds and other accounts managed by Ares' Infrastructure and Power strategy have agreed to acquire a majority stake in Apex Clean Energy. The deal will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer. Apex's current management team will continue to lead the company.

RTTNews | Oct 6, 2021 07:46AM EDT

07:46 Wednesday, October 6, 2021 (RTTNews.com) - The funds and other accounts managed by Ares' Infrastructure and Power strategy have agreed to acquire a majority stake in Apex Clean Energy. The deal will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer. Apex's current management team will continue to lead the company.

Goodwin, CEO of Apex Clean Energy, said: "The energy transition has never been more urgent. The infusion of growth capital provided by this agreement will allow the company to strengthen its leadership position in U.S. utility-scale clean energy development, operate projects as an IPP, and accelerate strategic expansion into energy storage, distributed energy resources, and green fuels."

Read the original article on RTTNews ( https://www.rttnews.com/3230822/ares-managed-funds-to-acquire-majority-stake-in-apex-quick-facts.aspx)

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