M&A Deal Summary

AIMCo Acquires Eolia

On November 13, 2018, pension AIMCo acquired renewable energy company Eolia from Oaktree Capital Management

Acquisition Highlights
  • This is AIMCo’s 2nd transaction in the Renewable Energy sector.
  • This is AIMCo’s 1st transaction in Spain.
Investment Fate
  • Eolia was sold to a publicly-traded strategic buyer in 2021.

M&A Deal Summary

Date 2018-11-13
Target Eolia
Sector Renewable Energy
Buyer(s) AIMCo
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout

Target

Eolia

Madrid, Spain
Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 17 of 40
Sector: Renewable Energy M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 15
Country: Spain M&A 1 of 1
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Fortitude Reinsurance

Pembroke, Bermuda

Fortitude Reinsurance is a multi-line reinsurance company with deep expertise in the management of closed blocks of insurance liabilities. Fortitude Re is a liability-led company complemented by sophisticated asset sourcing and asset-liability management expertise. Fortitude Reinsurance was founded in 2017 and is based in Pembroke, Bermuda.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Rimkus Consulting Group

Houston, Texas, United States

Rimkus Consulting Group is a forensic engineering firm providing engineering consulting services to insurance carriers, law firms, and self-insured corporations. Services range from technical analyses of complex insurance claims to a number of highly specialized offerings, including toxicology, biomechanics, and human factors. Rimkus Consulting Group was founded in 1983 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 61 of 90
Sector: Renewable Energy M&A 2 of 4
Type: Secondary Buyout M&A Deals 17 of 28
Country: Spain M&A 2 of 2
Year: 2018 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 MWH Constructors

Broomfield, Colorado, United States

MWH Constructors is a global project delivery company with a focus on water and energy. MWH Constructors provides single-source, integrated design and construction services and a full range of project delivery methods. MWH Constructors is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Hanley Wood

Washington, District of Columbia, United States

Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

Sell -