M&A Deal Summary

CDPQ Acquires Verene Energia

On November 1, 2022, asset manager CDPQ acquired utilities company Verene Energia

Acquisition Highlights
  • This is CDPQ’s 3rd transaction in the Utilities sector.
  • This is CDPQ’s 1st transaction in Brazil.

M&A Deal Summary

Date 2022-11-01
Target Verene Energia
Sector Utilities
Buyer(s) CDPQ
Deal Type Consolidation

Target

Verene Energia

Rio de Janeiro, Brazil
Verene Energia is an investment holding company in the electric power sector. Verene Energia is based in Rio de Janeiro, Brazil.

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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 89 of 103
Sector (Utilities) 3 of 3
Type (Consolidation) 1 of 1
Country (Brazil) 1 of 1
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Port Adhoc

Paris, France

Port Adhoc is a provider of management and construction of infrastructure dedicated to the pleasure boating. Port Adhoc was founded in 2004 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-09 Akiem

Saint-Ouen, France

Akiem is a provider of locomotive leasing services to rail operators, manufacturers, and local authorities. The company offers a fleet of 600 locomotives and almost 150 passenger units as well as solutions covering the entire rolling stock value chain. Akiem was formed in 2008 and is based in Saint-Ouen, France.

Buy -