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New Deal


Announced

Fengate Asset Management to acquire the 160 MW Prairie Switch wind project from Triple Oak Power.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Majority

Private Equity

Infrastructure

offshore wind projects

Renewable Energy Equipment

United States

Friendly

Acquisition

Private

energy project

Cross Border

Synopsis

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Fengate Asset Management, an alternative investment manager, agreed to acquire the 160 MW Prairie Switch wind project from Triple Oak Power, an operator of energy generation projects. Financial terms were not disclosed. "We appreciate working with Triple Oak Power on this important acquisition as it fully aligns with Fengate's build-to-core strategy and commitment to invest in renewable energy projects on behalf of our investors. Fengate is pleased to partner with Meta and GE on this project to deliver clean and reliable energy," Greg Calhoun, Fengate Managing Director of Infrastructure Investments.

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