Simpson Thacher & Bartlett has advised U.S. private equity giant KKR & Co on its $450 million joint investment with Indian motorcycle maker Hero Group in Hero’s renewable energy arm Hero Future Energies. Linklaters has acted for Hero Group.
Reuters reported that Hero Group is looking to expand its renewable energy capacity, which is currently 1.6-gigawatt solar and wind projects. The two investors aim to expand Hero Future Energy’s portfolio to include battery storage and green hydrogen, Reuters added.
The Simpson Thacher team was led by partners Ian Ho, Clare Gaskell, and Yash Rupal.