Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
NextEra Energy Partners, LP (the “Company”) (NYSE: NEP) recently completed an initial public offering of 18,687,500 shares of common units at a price of $25.00 per unit, generating gross proceeds of $467.2 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including funding future acquisitions.NextEra Energy Partners, LP is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE:NEE) to own, operate and acquire contracted clean energy projects. The Company owns interests in ten wind and solar projects and is based in Juno Beach, Florida.
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- Date
- June 2014
- Company
- NextEra Energy Partners, LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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