M&A Deal Summary

CDPQ Acquires Invenergy Renewables

On May 22, 2018, asset manager CDPQ acquired renewable energy company Invenergy Renewables

Acquisition Highlights
  • This is CDPQ’s 3rd transaction in the Renewable Energy sector.
  • This is CDPQ’s 11th transaction in the United States.
  • This is CDPQ’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-05-22
Target Invenergy Renewables
Sector Renewable Energy
Buyer(s) CDPQ
Deal Type Secondary Buyout

Target

Invenergy Renewables

Chicago, Illinois, United States
website
Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

CDPQ

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 48 of 98
Sector (Renewable Energy) 3 of 4
Type (Secondary Buyout) 10 of 19
State (Illinois) 1 of 2
Country (United States) 11 of 24
Year (2018) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 ICR

Norwalk, Connecticut, United States

ICR is a strategic communications and advisory firm. ICR helps companies manage credibility and reputational risk to optimize shareholder value. ICR specializes in investor relations, public relations, crisis, and special situations communications, digital/social media, and capital advisory solutions. ICR was founded in 1998 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Techem

Eschborn, Germany

Techem caters to a global client base of real estate operators and private home owners from its 150 branches in more than 20 countries. Its principal Energy Services business provides services and devices for the metering and billing of energy and water, plus device sales, hire and maintenance. In addition, its Energy Contracting business delivers heat, cooling, flow energy and light, as well as the planning, set-up, financing and operation of energy systems and energy monitoring and controlling services. Techem is the market leader in Germany, the largest sub-metering market in the world, as well as in an additional 13 European markets. Techem solutions today account for 6.9 million tons of CO2 emission savings per year, thus contributing to global climate protection objectives. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy €4.6B
Mergr

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