M&A Deal Summary

OMERS Infrastructure Acquires Navisun

On November 2, 2021, infrastructure investor OMERS Infrastructure acquired renewable energy company Navisun from Ares Private Equity Group

Acquisition Highlights
  • This is OMERS Infrastructure’s 4th transaction in the Renewable Energy sector.
  • This is OMERS Infrastructure’s 12th transaction in the United States.
  • This is OMERS Infrastructure’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-11-02
Target Navisun
Sector Renewable Energy
Buyer(s) OMERS Infrastructure
Sellers(s) Ares Private Equity Group
Deal Type Secondary Buyout

Target

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.

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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 47 of 54
Sector (Renewable Energy) 4 of 5
Type (Secondary Buyout) 8 of 11
State (Massachusetts) 1 of 1
Country (United States) 12 of 13
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-17 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 GNL Quintero

Santiago, Chile

GNL Quintero is a provider of clean, efficient, and safe energy to markets, which include residential and industrial users, power generators, and the transportation sector. GNL Quintero was founded in 2009 and is based in Santiago, Chile.

Sell -

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 41 of 44
Sector (Renewable Energy) 2 of 2
Type (Secondary Buyout) 16 of 16
State (Massachusetts) 1 of 1
Country (United States) 36 of 39
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Point Vision

Paris, France

Point Vision operates 31 ophthalmology centers that enable patients to make appointments at very short notice through its internet platform. Point Vision is the first group to capitalize on a large scale on the lack of ophthalmologists in France, where there is currently an average waiting time of three months for an appointment. Point Vision was founded in 2011 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Sell -