Igneo Infrastructure Partners enters into agreements to sell its interests in Clarus
All Press releases6 October 2025: Igneo Infrastructure Partners (Igneo), a global infrastructure investment manager, has today announced it has entered into agreements to sell its majority interests in Clarus, a New Zealand-based energy group.
Clarus is the owner of the Firstgas gas transmission and distribution businesses, Rockgas LPG, Flexgas underground gas storage and the Firstlight electricity distribution network.
Under the agreements entered into today, the Firstgas, Rockgas and Flexgas businesses will be sold to funds controlled by infrastructure investor Brookfield, and the Firstlight business will be sold to New Zealand energy distributor, Powerco. Igneo will retain its interest in the Tauhei solar farm.
The transactions are subject to a number of conditions, including regulatory consents and are expected to settle in the first half of 2026.
Danny Latham, Head of Igneo Australia and New Zealand said, “Following a review of our broader portfolio and increased inbound interest in these assets, we decided to conduct a sale process and are pleased to reach this outcome today. We are proud of our achievements with the Clarus group, having taken it from the initial acquisition of the gas transmission and distribution businesses in 2016 to the multifaceted energy business it is today. We are confident that the businesses will continue their successes under their new ownership. We remain committed to growing our other New Zealand investments, including the Tauhei solar farm, and to further explore New Zealand-based opportunities on behalf of our clients.”
RBC Capital Markets and Cameron Partners Limited acted as financial advisers to Igneo.
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation / logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.
Igneo manages US$22.5bn worth of assets (as at 30 June 2025) on behalf of more than 200 investors around the world.
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In Hong Kong, this press release is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore, this press release is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D. This press release has not been reviewed by the Monetary Authority of Singapore.
First Sentier Investors, FSSA Investment Managers, Stewart Investors, Realindex Investments and Igneo Infrastructure Partners are the business names of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B), FSSA Investment Managers (registration number 53314080C), Stewart Investors (registration number 53310114W), Realindex Investments (registration number 53472532E) and Igneo Infrastructure Partners (registration number 53447928J) are the business divisions of First Sentier Investors (Singapore).
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