Soros, Albright Buy $250M APR Stake

Soros Fund Management’s Quantum Strategic Partners and Albright Capital Management will acquire a controlling stake in APR Energy.

Soros Fund Management ’s Quantum Strategic Partners and Albright Capital Management will acquire a controlling stake in APR Energy. The funds will invest around $250 million in the Florida-based power generation company. Soros is a new investor in the company, while Albright Capital Management was already a shareholder in APR Energy, adds Reuters. As part of the latest fund-raising deal, existing shareholder Levant Capital Ltd, which is based in Dubai, has agreed to exit.

Click here for the release from Business Wire.

Click here for additional coverage from Reuters.