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HMC Capital Limited (ASX:HMC)

ALERT: Price-sensitive ASX Announcement for HMC
Current share price for HMC : $2.950 0.03 (1.03%)+
Announcement
Release
26 Jun 2026 9:13AM
Price at Release
$2.920
Full Release
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Summary
HMC Capital Limited announced the receipt of regulatory approvals from the ACCC and FIRB for its strategic energy partnership with KKR. This partnership includes KKR's investment of up to $603 million, which allows HMC to reduce its investment in the energy platform to approximately $190 million. The deal also provides HMC with a $35 million establishment fee and ongoing recurring fees. The energy platform will be rebranded as Illuma Energy, focusing on renewable energy and storage infrastructure. The partnership supports the platform's growth and the development of new projects, with the financial close expected by the end of June 2026.
Key Points
  • HMC Capital Limited received ACCC and FIRB approvals for the energy partnership with KKR.
  • Financial close expected by 30 June 2026.
  • KKR to invest up to $603 million, reducing HMC's invested capital to ~$190 million.
  • HMC to receive a $35 million establishment fee in FY26 and ~$7 million per annum in recurring fees.
  • HMC's Energy Platform will be rebranded as Illuma Energy.
  • Illuma Energy includes a portfolio of renewable energy and storage infrastructure.
  • The partnership facilitates the growth phase for energy development projects.
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.