Lotus Infrastructure Partners Announces Closing of Natural Gas Portfolio to Vistra Corp.

Rhea-AI Summary

Lotus Infrastructure Partners announced on October 22, 2025 the closing sale of a 2.6 GW natural gas-fired power generation portfolio to Vistra Corp. (NYSE: VST). The portfolio comprises seven modern facilities: five combined-cycle gas turbine plants and two combustion turbine plants located across PJM, ISO New England, New York ISO, and California ISO.

Lotus said the assets were operated and optimized during its ownership and that the sale returns significant capital to Lotus funds. Lazard served as exclusive financial advisor to Lotus, with legal counsel from King & Spalding and Eversheds Sutherland (US).

Positive

• Closed sale of a 2.6 GW natural gas portfolio
• Portfolio includes 7 facilities across four major US ISOs
• Sale returns significant capital to Lotus funds
• Lazard acted as exclusive financial advisor to Lotus

Negative

• None.

GREENWICH, Conn., Oct. 22, 2025 /PRNewswire/ -- Lotus Infrastructure Partners ("Lotus"), a leading private equity firm focused on energy infrastructure investments, today announced the closing of the sale of its 2.6 gigawatt (GW) natural gas-fired power generation portfolio to Vistra Corp. (NYSE: VST), a Fortune 500 integrated retail electricity and power generation company.

The portfolio includes seven modern natural gas generation facilities—five combined-cycle gas turbine plants and two combustion turbine plants—strategically located across key U.S. power markets, including PJM, ISO New England, New York ISO, and California ISO. These assets have been operated and optimized by Lotus over several years and represent a cornerstone of the firm's value-add investment strategy. The sale of the portfolio returns significant capital to the selling Lotus funds.

"We are pleased to have completed this sale to Vistra, one of the largest strategic players in the power industry," said Himanshu Saxena, Chairman and CEO of Lotus Infrastructure Partners. "During our period of ownership, the team at Lotus executed numerous operational, financial and contractual value-add initiatives, which resulted in a very attractive exit. I am proud of the Lotus team that delivered an outstanding result for our investors."

The sale was supported by Lazard as exclusive financial advisor to Lotus, with legal counsel provided by King & Spalding LLP and Eversheds Sutherland (US) LLP to Lotus.

About Lotus

Lotus Infrastructure specializes in infrastructure investments including renewable power generation, battery storage, renewable and low-carbon fuels, electric transmission, thermal power, and midstream and downstream assets. Lotus Infrastructure has raised in excess of $4 billion of equity capital and has executed transactions totaling more than $8 billion in enterprise value, inclusive of approximately $2.8 billion in enterprise value related to the development and construction of renewable assets. The Lotus Infrastructure team brings extensive multi-functional expertise to its investments including development, construction, operations, acquisition and financing. For more information, please visit www.lotusinfrastructure.com.

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SOURCE Lotus Infrastructure Partners

FAQ

What did Lotus sell to Vistra (VST) on October 22, 2025?

Lotus sold a 2.6 GW natural gas-fired power generation portfolio of 7 facilities to Vistra.

Which regions do the sold assets operate in for Vistra (VST)?

The assets operate in PJM, ISO New England, New York ISO, and California ISO.

How does the sale affect Lotus funds as of October 22, 2025?

The sale returns significant capital to the selling Lotus funds.

Who advised Lotus on the transaction with Vistra (VST)?

Lazard served as exclusive financial advisor; legal counsel was King & Spalding and Eversheds Sutherland (US).

What types of power plants were included in the 2.6 GW portfolio bought by Vistra (VST)?

The portfolio included five combined-cycle gas turbine plants and two combustion turbine plants.