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HMC Capital Limited (ASX:HMC)

ALERT: Price-sensitive ASX Announcement for HMC
Current share price for HMC : $2.850 -1.18 (-29.28%)+
Announcement
Release
6 Feb 2026 8:53AM
Price at Release
$4.030
Full Release
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Summary
HMC Capital Limited announced the establishment of a strategic partnership with KKR, involving a $603 million preferred equity investment into HMC's Energy Transition Platform. This investment, part of KKR’s Global Climate Transition strategy, is aimed at supporting the expansion of HMC's platform, which includes a substantial pipeline of battery storage and wind projects critical for Australia’s energy transition. The initial tranche of $355 million will be followed by up to $248 million to fund the construction of battery energy storage systems (BESS). The partnership is designed to enhance HMC’s role in Australia's transition to net zero carbon by 2050, while allowing HMC flexibility to introduce additional third-party capital in the future. HMC expects to generate an equity internal rate of return above its 20% target, and upon repayment, KKR will hold a minority equity position in the platform. The transaction is anticipated to close in mid-2026, subject to regulatory approvals.
Key Points
  • HMC Capital establishes a strategic partnership with KKR.
  • KKR invests up to $603 million in HMC's Energy Transition Platform.
  • The investment supports a 5.7GW development pipeline of renewable projects.
  • HMC aims for a net zero carbon transition in Australia by 2050.
  • Transaction closure is expected by mid-2026, pending approvals.
  • HMC retains flexibility to introduce additional third-party capital.
  • KKR will hold a minority equity position after repayment.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.