RRJ Capital, which invested US$300 million in Yinson Production’s Angola project, plans to commit another US$320 million in the funding round, according to Richard Ong, the private equity fund’s chief executive officer. Terms of the investment haven’t been finalized, Ong said.
Yinson Holdings Bhd., a Malaysian energy infrastructure firm, is considering raising about US$1 billion ($1.35 billion) in a funding round for its floating production, storage and offloading unit before an initial public offering of the business, people with knowledge of the matter said.
The Kuala Lumpur-listed company is working with a financial adviser on the fundraising for Yinson Production Offshore Pte., the people said. Yinson and its adviser plan to officially kick off the pre-IPO funding round as early as next month, while the asset may attract global funds and private equity funds, the people said.
