M&A Deal Summary

Canada Pension Plan Investment Board Acquires Pattern Energy Group

On November 4, 2019, Canada Pension Plan Investment Board acquired renewable energy company Pattern Energy Group LP for 6.1B USD

Acquisition Highlights
  • This is Canada Pension Plan Investment Board’s 2nd transaction in the Renewable Energy sector.
  • This is Canada Pension Plan Investment Board’s 4th largest (disclosed) transaction.
  • This is Canada Pension Plan Investment Board’s 17th transaction in the United States.
  • This is Canada Pension Plan Investment Board’s 4th transaction in California.

M&A Deal Summary

Date 2019-11-04
Target Pattern Energy Group LP
Sector Renewable Energy
Buyer(s) Canada Pension Plan Investment Board
Deal Type Add-on Acquisition
Deal Value 6.1B USD
Advisor(s) Evercore Group LLC
Goldman Sachs Investment Banking Division (Financial)

Target

Pattern Energy Group LP

San Francisco, California, United States
website
Pattern Energy Group LP owns and operates renewable energy facilities. Pattern Energy business is built around three core values of creative energy and spirit, the pride of ownership and follow-through, and a team-first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of business, and proactively working with our stakeholders to address environmental and community concerns.

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Buyer(S) 1

Buyer

Canada Pension Plan Investment Board

Toronto, Ontario, Canada

website


Category Company
SectorFinancial Services
DESCRIPTION

The Canada Pension Plan Investment Board manages, as of June 30 2013, over $188 billion in investment assets for the Canada Pension Plan on behalf of eighteen million Canadians.


DEAL STATS #
Overall 31 of 40
Sector (Renewable Energy) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (California) 4 of 6
Country (United States) 17 of 22
Year (2019) 4 of 5
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Interparking SA

Bruxelles, Belgium

Interparking SA is one of the major European car park operators. Interparking designs, builds, operates and maintains high-quality car parks across Europe. Interparking SA operates 949 car park sites with c.415,000 parking spaces in cities across 416 cities in 9 countries. These include Belgium, the Netherlands, Spain, France, Italy, Poland and Romania, and Interparking operates car parks in Germany and Austria under the brand Contipark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V.

Mexico City, Mexico

Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. is an independent publicly-traded company that engages in the development, promotion, operation, and administration of infrastructure projects in Mexico and Latin America. IDEAL is one of the largest infrastructure companies in Latin America, with 18 infrastructure concessions in different sectors, including toll roads, water, energy, social infrastructure, and logistics terminals.

Buy -