HMC Capital's share price in Australia rises after KKR invests in Energy Transition Platform
HMC Capital, a company based in Australia, announced on 'Friday that it had struck a deal with KKR managed funds to invest up A$603 (US$416.49 ) million in preferred equity into its Energy Transition Platform. This will increase its share price.
HMC shares rose 7.7% intraday to A$4.34, their highest intraday increase since November 28, 2025.
The investment will be backed by KKR’s Global Climate -Transition strategy and finance wind and battery storage projects that are essential to grid reliability –and Australia’s energy transition.
Jessica?Amir is a trading platform MooMoo market strategist. She said: "The fact that these companies have done this shows that there is a global trend of large corporations looking to reduce energy costs."
"We've seen U.S. technology firms invest directly in energy and now, we're seeing a home-grown Australian company take similar measures."
KKR has committed A$355m initially. Up to A$248m is available for a subsequent investment to support the platform’s 5.7 gigawatt development pipeline.
The transaction will allow HMC Capital to reduce its investment in the platform by A$200 millions and recognise a capital charge of A$35 million in fiscal 2026.
HMC's founder and banker-turned-investor, David Di ?Pilla, said the investment validates the platform's quality and positions HMC to play a major role ?in Australia's net-zero transition.
Amir stated that the deal will be viewed as a positive long-term for loyal shareholders. This is especially true if HMC’s property portfolio grows, and its new energy assets make a significant contribution to revenue.
The deal is expected to be completed in mid-2026, provided regulatory approvals are received.
(source: Reuters)
