Norfund set to buy 40% stake in renewables firm Fourth Partner from TPG for $125-M

Norfund, the Norwegian government owned PE fund, is set to invest about USD 125 million to acquire a significant minority stake in Hyderabad-based renewables firm Fourth Partner Energy, which offers onsite and offsite solar energy trading, battery storage and infrastructure solutions. Norfund is expected to buy an about 40% stake in the company from global PE fund TPG Capital, which holds an 84% stake in Fourth Partner.