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Home Consortium Ltd ( (AU:HMC) ) just unveiled an update.
HMC Capital has entered a strategic partnership with KKR under which KKR-managed funds will invest up to $603 million in HMC’s Energy Transition Platform, providing preferred equity to back both existing 652MW operating assets and a 5.7GW pipeline of battery storage and wind projects. The deal, structured as a seven-year preferred equity instrument with no recourse to HMC, immediately delivers $355 million and up to a further $248 million to fund 90% of the equity needed for the first BESS project, enabling repayment of mezzanine and corporate debt, reducing HMC’s capital invested in the platform to about $200 million, and positioning the platform for material capacity growth while giving KKR a future minority equity stake and HMC ongoing fee income and balance-sheet flexibility.
The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.25 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.
More about Home Consortium Ltd
HMC Capital is an ASX-listed Australian investment manager that builds scalable, high-return platforms, including an Energy Transition Platform focused on battery energy storage systems (BESS) and wind assets supporting Australia’s shift to net zero. The platform currently comprises 652MW of operational assets and a 5.7GW development pipeline aimed at enhancing grid reliability and decarbonisation.
Average Trading Volume: 1,974,722
Technical Sentiment Signal: Hold
Current Market Cap: A$1.66B
See more data about HMC stock on TipRanks’ Stock Analysis page.