M&A Deal Summary

I Squared Capital Acquires Atlantic Power

On January 14, 2021, infrastructure investor I Squared Capital acquired utilities company Atlantic Power for 961M USD

Acquisition Highlights
  • This is I Squared Capital’s 4th transaction in the Utilities sector.
  • This is I Squared Capital’s 5th largest (disclosed) transaction.
  • This is I Squared Capital’s 5th transaction in the United States.
  • This is I Squared Capital’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-01-14
Target Atlantic Power
Sector Utilities
Buyer(s) I Squared Capital
Deal Type Going Private
Deal Value 961M USD
Advisor(s) Cleary Gottlieb Steen & Hamilton (Legal)

Target

Atlantic Power

Dedham, Massachusetts, United States
Atlantic Power Corp. is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 15 of 26
Sector (Utilities) 4 of 4
Type (Going Private) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 5 of 11
Year (2021) 1 of 6
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Cloud Kinetics Tech Pte

Singapore, Singapore

Cloud Kinetics Tech Pte Ltd. is a cloud-tech company, that architect, design, build and manage scalable cloud infrastructure for enterprise clients globally. Cloud Kinetics Tech was founded in 2012 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Star Leasing

Columbus, Ohio, United States

Star Leasing is a provider of rentals, leasing, maintenance, and trailer sales. Star’s overall objective is to serve as a solution for all customers’ semi-trailer needs, whether that be for rental, leasing, maintenance/repair (on both Star rental/lease trailers as well as a customer’s company-owned trailers), as well as the purchase and sale of new and used trailers. Star’s current resources for serving customers’ maintenance needs includes a total of 57 service bays across its current branch shop locations, in addition to a fleet of 54 mobile service trucks for on-site maintenance. Star Leasing is based in Columbus, Ohio.

Buy -
Mergr

Product

Company

Legal