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

Buyer

Ancala Partners

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 14 of 14
Sector (Renewable Energy) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 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.

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