Announced
Completed
Financials
Tags
Renewable Energy Equipment
Private Equity
energy assets
Canada
Acquisition
solar energy assets
Majority
Private
Domestic
Friendly
Single Bidder
Completed
Synopsis
Investment firms IFM Investors and Ontario Teachers' Pension Plan Board, completed the acquisition of district energy operations of Enwave Energy, a Canadian multinational energy company, for $2.1bn. IFM Investors and Ontario Teachers’ retained the Enwave brand as part of this transaction and each owns 50% of the company. “Our new owners are investing in Enwave as a platform to meet the growing demand for low-carbon energy solutions across North America. Our work has not only helped our customers meet their low-carbon energy needs, but contributed to a cleaner, more sustainable future. We look forward to continuing to grow the platform in the years to come,” Carlyle Coutinho, Enwave new CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.