M&A Deal Summary

OMERS Infrastructure Acquires FRV

On October 17, 2021, infrastructure investor OMERS Infrastructure acquired renewable energy company FRV from Abdul Latif Jameel Energy

Acquisition Highlights
  • This is OMERS Infrastructure’s 3rd transaction in the Renewable Energy sector.
  • This is OMERS Infrastructure’s 2nd transaction in Spain.

M&A Deal Summary
Date 2021-10-17
Target FRV
Sector Renewable Energy
Buyer(s) OMERS Infrastructure
Sellers(s) Abdul Latif Jameel Energy
Deal Type Divestiture
Advisor(s) Credit Suisse Investment Banking (Financial)
White & Case (Legal)

Target

FRV

Madrid, Spain
FRV is a provider of global developer of utility-scale renewable energy projects. FRV was founded in 2006 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.

DEAL STATS #
Overall 45 of 53
Sector (Renewable Energy) 3 of 5
Type (Divestiture) 3 of 4
Country (Spain) 2 of 2
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 amedes

Gottingen, Germany

amedes offers interdisciplinary medical diagnostic laboratory services for patients, office-based physicians, and hospitals. amedes was founded in 1987 and is based in Gottingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Navisun

Hingham, Massachusetts, United States

Navisun is distributed generation solar power producer co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects. Navisun was founded in 2017 and is based in Hingham, Massachusetts.

Buy -

Seller(S) 1

SELLER

Abdul Latif Jameel Energy

Jeddah, Saudi Arabia
Category Company
Founded 1945
Sector Renewable Energy
DESCRIPTION

Abdul Latif Jameel Energy and Environmental Services provides renewable energy services.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-09 FRV

Madrid, Spain

FRV is a provider of global developer of utility-scale renewable energy projects. FRV was founded in 2006 and is based in Madrid, Spain.

Buy -
Mergr

Product

Company

Legal