M&A Deal Summary

Ancala Partners Acquires Noventa

On April 3, 2023, infrastructure investor Ancala Partners acquired renewable energy company Noventa

Acquisition Highlights
  • This is Ancala Partners’ 4th transaction in the Renewable Energy sector.
  • This is Ancala Partners’ 1st transaction in Canada.
  • This is Ancala Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2023-04-03
Target Noventa
Sector Renewable Energy
Buyer(s) Ancala Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Noventa

Toronto, Ontario, Canada
Noventa is a global renewable energy company that provides a full suite of services to decarbonize the heating and cooling of buildings. It has an existing pipeline of projects across Canada, the UK, and the US. Noventa was founded in 2018 and is based in Toronto, Ontario.

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Buyer(S) 1

DESCRIPTION

Ancala Partners is an infrastructure investment firm specializing in critical, mid-market infrastructure across Europe, North America, Asia, and Oceania. Specific areas of interest include renewable energy, utilities, transport, waste management, and digital infrastructure. Ancala Partners was founded in 2010 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 14 of 15
Sector: Renewable Energy M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Fjord Base

Floro, Norway

Fjord Base is a Norwegian supply base, servicing major offshore energy and renewable company. Fjord Base was founded in 1985 and is based in Floro, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-04 Hexion - U.S. Gulf Coast Formalin Business

Columbus, Ohio, United States

Hexion's U.S. Gulf Coast Formalin Business includes facilities in Baytown, Texas; Luling, Louisiana; and Geismar, Louisiana, along with associated multi-year customer contracts. These facilities are suppliers of methanol-based raw materials in U.S. Gulf Coast.

Buy -