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New Deal


Announced

Brookfield Asset Management, Canada Growth Fund and Advantage Energy to invest in Entropy.

Financials

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

Tags

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energy-transition technologies

Canada

Environmental Consulting

Acquisition

Domestic

Private

Minority

Private Equity

Pending

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Synopsis

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Brookfield Asset Management, an alternative investment management company, Canada Growth Fund, a public investment vehicle, and Advantage Energy, an oil and gas company, agreed to invest in Entropy, a developer of technologically-advanced carbon capture and sequestration projects. Financial terms were not disclosed. "With its abundance of natural resources, access to high-quality geological storage, and sophisticated engineering know-how, Canada is the best place in the world to build a CCS industry. The CGF Investment Management team is pleased to deliver this inaugural transaction in Alberta's carbon market, and we look forward to putting additional capital to work across Canada in the months ahead," Patrick Charbonneau, CGF Investment Management President and CEO.

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