M&A Deal Summary

PSP Investments and Pattern Energy Group Acquire Mont Sainte-Marguerite Wind

On August 14, 2018, pension PSP Investments and Pattern Energy Group acquired renewable energy company Mont Sainte-Marguerite Wind

Acquisition Highlights
  • This is PSP Investments’ 3rd and Pattern Energy Group’s 1st transaction in the Renewable Energy sector.
  • This is PSP Investments’ 2nd and Pattern Energy Group’s 1st transaction in Canada.
  • This is PSP Investments’ 1st and Pattern Energy Group’s 1st transaction in Quebec.

M&A Deal Summary

Date 2018-08-14
Target Mont Sainte-Marguerite Wind
Sector Renewable Energy
Buyer(s) PSP Investments
Pattern Energy Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Mont Sainte-Marguerite Wind

Quebec, Canada
Mont Sainte-Marguerite Wind facility operates under a 25-year power purchase agreement (PPA) with Hydro-Québec Distribution. Mont Sainte-Marguerite Wind facility is expected to generate enough power for approximately 28,000 Québec homes annually, according to power use statistics from Hydro-Québec. The facility site, located on one of the higher elevations in Southern Québec, has one of the strongest wind resources in the region.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


DEAL STATS #
Overall 19 of 29
Sector (Renewable Energy) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Quebec) 1 of 1
Country (Canada) 2 of 3
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 UTA

Beverly Hills, California, United States

UTA is a global talent and entertainment company. UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content. UTA was founded in 1991 and is based in Beverly Hills, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Forth Ports

Edinburgh, United Kingdom

Forth Ports is an owns and operates eight commercial ports in the UK – Tilbury on the Thames, Dundee on the Firth of Tay and six on the Firth of Forth – Leith, Grangemouth, Rosyth, Methil, Burntisland and Kirkcaldy. Within and around the Firths of Forth and Tay, Forth Ports manages and operates an area of 280 square miles of navigable waters, including two specialised marine terminals for oil and gas export and provides other marine services, such as towage and conservancy. Forth Ports is based in Edinburgh, United Kingdom.

Buy -
Buyer

Pattern Energy Group

San Francisco, California, United States

Category Company
Founded 2013
Sector Renewable Energy
DESCRIPTION

Pattern Energy Group LP owns and operates renewable energy facilities. Pattern Energy business is built around three core values of creative energy and spirit, the pride of ownership and follow-through, and a team-first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of business, and proactively working with our stakeholders to address environmental and community concerns.


DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 Pattern Energy Group - Chilean Operations

Chile

Pattern Energy Group LP - Chilean Operations consist of its 81 megawatt ("MW") owned interest in the 115 MW El Arrayán Wind project ("El Arrayán Wind"), El Arrayán Wind is located approximately 400 km north of Santiago on the coast of Chile. The facility commenced commercial operations in the second quarter of 2014 and approximately 70% of its production is contracted for sale through a long-term fixed-for-floating hedge with Minera Los Pelambres.

Sell $67M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Pattern Energy Group - 103 MW South Dakota Wind Project

San Francisco, California, United States

Pattern Energy Group LP - 103 MW South Dakota Wind Project is a ready wind project in Butte County, South Dakota. The project is expected to come online in the fourth quarter of 2020.

Sell -