M&A Deal Summary

Atlantica Sustainable Infrastructure Acquires VENTO II

On April 8, 2021, Atlantica Sustainable Infrastructure acquired infrastructure company VENTO II from OMERS Infrastructure

Acquisition Highlights
  • This is Atlantica Sustainable Infrastructure’s 1st transaction in the Infrastructure sector.
  • This is Atlantica Sustainable Infrastructure’s 1st transaction in the United States.
  • This is Atlantica Sustainable Infrastructure’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-04-08
Target VENTO II
Sector Infrastructure
Buyer(s) Atlantica Sustainable Infrastructure
Sellers(s) OMERS Infrastructure
Deal Type Add-on Acquisition

Target

VENTO II

Illinois, United States
Vento II is a 599 MW portfolio comprised of four wind farms. VENTO II is based in Illinois.

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Buyer(S) 1

Buyer

Atlantica Sustainable Infrastructure

Brentford, United Kingdom

website


Category Company
Founded 2014
Sector Renewable Energy
DESCRIPTION

Atlantica sustainable infrastructure manages and invests in renewable energy, storage, efficient natural gas and heat, transmission lines and water assets. Atlantica Sustainable Infrastructure was founded in 2014 and is based in Brentford, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 8 of 13
Sector (Infrastructure) 2 of 3
Type (Add-on Acquisition) 4 of 7
State (Illinois) 1 of 2
Country (United States) 3 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Caruna

Caruna, Finland

Caruna is a regulated electricity distribution utility serving southern, south-western, western and northern Finland and is the country’s largest electricity distribution network. Caruna is based in Caruna, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 amedes

Hamburg, Germany

amedes offers interdisciplinary medical diagnostic laboratory services for patients, office-based physicians, and hospitals. amedes was founded in 1987 and is based in Hamburg, Germany.

Buy -