Deals
Citadel Alum’s SPAC Is in Talks to Merge With Helios Assets
- Blank-check firm Onyx to merge with two of Helios’s companies
- Access LNG and Nigeria-based Axxela included in transaction
This article is for subscribers only.
Africa-focused private equity firm Helios Investment Partners is in talks to merge two of its portfolio companies with blank-check firm Onyx Acquisition Co. I., according to people with knowledge of the matter.
The transaction features Helios-backed Axxela and Access LNG, said the people, who asked not to be identified discussing private talks. The deal values the combined entity at more than $1 billion, and aims to create a platform to invest in energy transition infrastructure in Africa, including flare-gas capture and liquefaction, said one of the people.