M&A Deal Summary

CDPQ Acquires Invenergy Renewables

On May 22, 2018, asset manager CDPQ acquired renewable energy company Invenergy Renewables

Acquisition Highlights
  • This is CDPQ’s 3rd transaction in the Renewable Energy sector.
  • This is CDPQ’s 11th transaction in the United States.
  • This is CDPQ’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-05-22
Target Invenergy Renewables
Sector Renewable Energy
Buyer(s) CDPQ
Deal Type Secondary Buyout

Target

Invenergy Renewables

Chicago, Illinois, United States
Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

CDPQ

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 48 of 101
Sector (Renewable Energy) 3 of 4
Type (Secondary Buyout) 10 of 20
State (Illinois) 1 of 2
Country (United States) 11 of 24
Year (2018) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 ICR

Norwalk, Connecticut, United States

ICR is a strategic communications and advisory firm. ICR helps companies manage credibility and reputational risk to optimize shareholder value. ICR specializes in investor relations, public relations, crisis, and special situations communications, digital/social media, and capital advisory solutions. ICR was founded in 1998 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy €4.6B
Mergr

Product

Company

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