M&A Deal Summary

CPP Investments Acquires Power2X

On July 12, 2023, pension CPP Investments acquired energy services and equipment company Power2X

Acquisition Highlights
  • This is CPP Investments’ 3rd transaction in the Energy Services and Equipment sector.
  • This is CPP Investments’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2023-07-12
Target Power2X
Sector Energy Services and Equipment
Buyer(s) CPP Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Power2X

Amsterdam, Netherlands
Power2X is a green molecule company that develops large-scale new energy assets and infrastructure focusing on decarbonizing industrial value chains. In addition, the company is active as a consultant through Power2X Consulting, working together with a variety of industry participants. Power2X is headquartered in Amsterdam, the Netherlands.

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Buyer(S) 1

Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 49 of 56
Sector: Energy Services and Equipment M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
Country: Netherlands M&A 1 of 1
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Aareal Bank

Wiesbaden, Germany

Aareal Bank is a provider of financing solutions and services, with a focus on the property industry. Aareal Bank was founded in 1923 and is based in Wiesbaden, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Dorna

Madrid, Spain

Dorna is an international sports management, media, and marketing company that holds the global commercial and broadcasting rights for MotoGP. Dorna

Sell €4.2B