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New Deal


Announced

Completed

CPPIB led a $73m financing round in VoltaGrid.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Private Equity

power

Minority

energy

Venture Capital

Cross Border

Acquisition

Completed

United States

Energy / Utility Services

Synopsis

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CPP Investment Board led its $73m financing round in VoltaGrid, an advanced energy management and generation company that is developing an innovative platform to provide power, energy storage and emissions reductions for the pressure pumping, remote mining, utility, and distributed generation industries. In addition to CPP Investment Board, investors Carnelian Energy Capital, Pilot, Walter Ventures, and Longbow Capital joined the current investment. "By capitalizing on proven technologies and advanced equipment integration techniques, our pressure pumping service partners now have more efficient electrification solutions available to deliver improved ESG performance for operators," Nathan Ough, VoltaGrid CEO.

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