Investment Summary

CPP Investments Invests In Éolien Maritime France SAS

On May 12, 2020, pension CPP Investments invested in renewable energy company Éolien Maritime France SAS from Enbridge

Investment Highlights
  • This is CPP Investments’ 3rd transaction in the Renewable Energy sector.
  • This is CPP Investments’ 2nd transaction in France.

Investment Summary

Date 2020-05-12
Target Éolien Maritime France SAS
Sector Renewable Energy
Investor(s) CPP Investments
Sellers(s) Enbridge
Deal Type Stake Purchase

Target

Éolien Maritime France SAS

Paris, France
Éolien Maritime France SAS is a French offshore wind development company with three large-scale offshore wind farms off the coast of France that would produce a combined 1,428 megawatts (MW) of power.

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Investor(S) 1

Investor
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 35 of 56
Sector: Renewable Energy M&A 3 of 3
Type: Stake Purchase M&A Deals 6 of 10
Country: France M&A 2 of 2
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Neiman Marcus

Dallas, Texas, United States

Neiman Marcus is a specialty retailer with online and offline operations. The Company's retail stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts both catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names. Neiman Marcus was originally established in 1907 and is headquartered Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Viking Cruises

Woodland Hills, California, United States

Viking Cruises offers destination-focused journeys on rivers, oceans, and lakes around the world. Designed for experienced travelers with interests in science, history, culture, and cuisine. Viking Cruises was founded in 1997 and is based in Woodland Hills, California.

Buy -

Seller(S) 1

SELLER

Enbridge

Calgary, Alberta, Canada

Category Company
Founded 1949
Sector Energy Services and Equipment
Employees14,500
Revenue 53.5B CAD (2024)
DESCRIPTION
Enbridge office in West Duluth, Minnesota.
Enbridge office in West Duluth, Minnesota.

Enbridge operates a US and Canadian crude oil and liquid transportation network. Enbridge was incorporated in 1949 and is based in Calgary, Alberta.


DEAL STATS #
Overall 5 of 5
Sector: Renewable Energy M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Ozark Gas Transmission

Fort Smith, Arkansas, United States

Ozark Gas Transmission LLC owns and operates a 367-mile, FERC-regulated interstate natural gas pipeline transportation system. The system extends from southeastern Oklahoma through Arkansas to southeastern Missouri and has significant interconnectivity to major long-haul natural gas pipelines. OGG owns and operates a fee-based, 330-mile natural gas gathering system that connects regional production into OGT’s pipeline.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Moda Ingleside Energy Center

Ingleside, Texas, United States

Moda Ingleside Energy Center is the nation’s largest crude export terminal by volume, having loaded more than 25 percent of all U.S. Gulf Coast crude exports in 2020. MIEC has an aggregate storage capacity of more than 15 million barrels and an export capacity of 1.6 million barrels per day.

Buy $3.0B