Three promoted to partner at GIP

Global Infrastructure Partners has promoted Deepak Agrawal, Andrew Gillespie-Smith and Bruce MacLennan to partner.

Agrawal and MacLennan have both focused on the energy sector. Agrawal, who joined GIP in 2007, has served on the firm’s energy and natural resources team, working on deals including its 2012 investment in Transitgas, a 293km natural gas pipeline in Switzerland. MacLennan joined GIP from Credit Suisse in 2006, the year the firm was launched, and was a founding member of its investment team. He helped spearhead deals including the 2009 acquisition of a minority stake in Terra-Gen, a US renewables company with nearly 2GW of capacity.

Gillespie-Smith, who also came from Credit Suisse, joined the firm in 2008 with a focus on the transportation space. Gillespie-Smith helped spearhead investments in the London City, Gatwick and Edinburgh airports in the UK, the firm said.

GIP announced the promotions on Thursday. A day later, the New York-based firm announced financial close on its acquisition of Singapore-based Equis Energy, a $5 billion deal reached in October. GIP teamed with Canada’s PSP Investments and China Investment Corporation for the deal, which the firms have called “the largest renewable energy generation acquisition in history”. The firms will acquire more than 11GW of operational or planned renewables assets in the Asia-Pacific region through the transaction, which includes $3.7 billion in equity and $1.3 billion in debt.