The energy transition infrastructure services platform in Australia, Symphony Infrastructure Partners, has received a minority investment from funds managed by Blackstone Tactical Opportunities.
Steve Butler established Symphony in 2022 with the goal of hastening Australia’s switch to renewable energy sources.
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The business creates, runs, and owns specialist services that are essential to Australia’s energy transformation.
Blackstone’s investment commits funds for Symphony’s future expansion as well as enabling it to close several outstanding acquisitions that will add competitive capabilities to the platform.
Steve Butler, chief executive officer, Symphony, stated: “We are thrilled to partner with Blackstone, the world’s largest alternative asset manager, and join its global network of high-quality companies around the world. Blackstone brings incredible scale and access to capital, and we share the vision of growing the business and spearheading Australia’s energy transition.”
Michael Blickstead, head of Australia & New Zealand Private Equity, Blackstone, commented: “We are pleased to partner with the management team to take Symphony on its next chapter of growth and contribute to Australia’s energy transition. Our success in Australia and around the world has been based on two factors: partnering and having close alignment with visionary founders and building businesses through our scale and expertise. We bring this same commitment to Symphony, where we will provide our full breadth of resources and capabilities to support the company’s long-term success.”
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By GlobalDataDaniel Kearns, managing director in Blackstone Tactical Opportunities, added: “At Blackstone, the energy transition is a major investment theme both globally and in Australia, where we’ve made marquee investments in companies with innovative solutions that address the world’s transition into renewable energy. Australia is still in the early stages of its energy transition journey, and we couldn’t be more excited to partner with a market-leading platform in Symphony and provide the capital and resources to fuel its continued growth.”
Moreover, Blackstone has a history of helping entrepreneurs grow their companies into industry leaders, delivering results for stakeholders, and offering flexible partnership funding.
It has invested in several Australian-based businesses that are assisting with the energy transition, such as Energy Exemplar, a global supplier of energy market simulation software, and Xpansiv, an advanced infrastructure platform for global carbon and environmental commodities.
