MergerLinks Header Logo

Announced

Completed

Capital Power and Manulife Investment completed the acquisition of Midland Cogeneration Venture from OMERS Infrastructure for $894m.

Synopsis

Capital Power, a North American power producer, and Manulife Investment, a wealth and asset management firm, completed the acquisition of Midland Cogeneration Venture, an operator of natural gas-fired combined electrical energy and steam energy generating plant, from OMERS Infrastructure, an investor and asset manager, for $894m. “We think MCV’s importance to Michigan’s power supply will increase as the substantial remaining coal-fired generation continues to be retired. We are proud of the transformation MCV has achieved, including the successful completion of multiple programs that improved operational efficiency and enhanced customer confidence in its energy offering, leading to the extension of key contracts which we believe positions MCV well for many years to come," Tom Frazier, OMERS Infrastructure Managing Director.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US