• Strategic Investment: Blackstone invests in Symphony Infrastructure Partners to accelerate Australia’s renewable energy transition.
• Growth & Acquisitions: The investment funds pending acquisitions and future expansion.
• Visionary Partnership: Collaboration aligns with Blackstone’s commitment to energy transition investments globally.

Strategic Investment

Blackstone (NYSE: BX) announced a minority investment in Symphony Infrastructure Partners, Australia’s top energy transition infrastructure services platform, through its Blackstone Tactical Opportunities funds.

Growth & Acquisitions

Founded in 2022 by Steve Butler, Symphony is focused on accelerating Australia’s shift to renewable energy. Blackstone’s capital infusion will enable Symphony to finalize several acquisitions and support the company’s future growth.

Steve Butler, Symphony’s CEO, stated, “We are thrilled to partner with Blackstone, the world’s largest alternative asset manager, and join its global network of high-quality companies. Blackstone brings incredible scale and access to capital, and we share the vision of growing the business and spearheading Australia’s energy transition.”

Visionary Partnership

Michael Blickstead, Head of Australia & New Zealand Private Equity at Blackstone, remarked, “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.”

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Daniel Kearns, Managing Director at Blackstone Tactical Opportunities, added, “At Blackstone, the energy transition is a major investment theme both globally and in Australia. We’ve made marquee investments in companies with innovative solutions addressing 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.”

Blackstone’s commitment to Australia includes significant investments in companies supporting the energy transition, such as Xpansiv and Energy Exemplar.