M&A Deal Summary

Ardian and ENEL X Acquire Maple Leaf

On September 14, 2020, private equity firm Ardian and ENEL X acquired renewable energy company Maple Leaf

Acquisition Highlights
  • This is Ardian’s 12th and ENEL X’s 1st transaction in the Renewable Energy sector.
  • This is Ardian’s 3rd and ENEL X’s 1st transaction in Canada.
  • This is Ardian’s 1st and ENEL X’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-09-14
Target Maple Leaf
Sector Renewable Energy
Buyer(s) Ardian
ENEL X
Deal Type Joint Venture

Target

Maple Leaf

Ontario, Canada
Maple Leaf is a battery storage portfolio composed of ten asset locations throughout Ontario and includes two separate 10 MW/20 MWh projects expected to reach commercial operations in 2021. Maple Leaf is based in Ontario.

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Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 371 of 418
Sector (Renewable Energy) 12 of 12
Type (Joint Venture) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 3 of 4
Year (2020) 13 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Wintics

Paris, France

Wintics is an innovative software company specialized in intelligent video analysis for mobility operators. By leveraging the latest AI innovations, its software automatically extracts insightful data from any camera and offers the best video analysis applications for its clients (traffic analysis, bicycle lanes monitoring, crossroads management, car-pooling detection, tolling systems, crowd analysis in public transportation). Wintics was founded in 2017 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-23 A-Plan

Witney, United Kingdom

A-Plan Ltd. is a UK specialist multichannel insurance broking group with a focus on personal lines and a growing presence in specialized products such as SME policies. The group’s core proposition is a branch-led, service-driven offering, valued by its large base of loyal customers that today make up over 1.5 million policies nationally. A-Plan was formed in 1963 and is based in Witney, United Kingdom.

Sell -
Buyer

ENEL X

Rome, Italy
Category Company
Sector Utilities
DESCRIPTION

ENEL X's purpose is to drive the electrification all over the world, allowing customers to use technology to transform energy into new opportunities for growth and progress. ENEL X is based in Rome, Italy.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Joint Venture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

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