CPP Investments and Global Infrastructure Partners Acquire ALLETE

ALLETE Acquires New Energy Equity

April 15, 2022

Renewable Energy

ALLETE, Inc. (NYSE:ALE) has closed its acquisition of New Energy Equity, a distributed and community solar developer based in Annapolis, Maryland, for approximately $165.5 million. New Energy Equity has completed more than 250 distributed solar projects totaling over 330 MW and brings a ~2 GW development pipeline across 26 states; the company's management team and headquarters will remain in place.

Macquarie Asset Management and Ontario Teachers' Acquire 31.6% Stake in Puget Holdings

February 22, 2022

Energy

Macquarie Asset Management (via Macquarie Global Infrastructure Fund) and Ontario Teachers' Pension Plan Board closed the acquisition of a 31.6% stake in Puget Holdings from CPP Investments. The stake gives the investors ownership in Puget's primary operating subsidiary, Puget Sound Energy (PSE), a regulated electric and natural gas utility serving customers in Washington State; the deal follows regulatory approvals and reflects buyers' interest in core infrastructure and the clean-energy transition.

Global Infrastructure Partners Acquires Atlas Renewable Energy from Actis

October 11, 2022

Energy

Global Infrastructure Partners (GIP) has completed the acquisition of Atlas Renewable Energy from Actis. Atlas is a leading Latin American renewables developer with 14 fully contracted solar assets (2.3 GW) across Brazil, Chile, Mexico and Uruguay; GIP said the deal expands its renewables platform and regional presence.

OPC Energy Acquires Competitive Power Ventures from Global Infrastructure Partners

January 25, 2021

Energy

OPC Energy Ltd. (TASE: OPCE), together with three Israeli institutional investors, has completed the acquisition of Competitive Power Ventures (CPV) from Global Infrastructure Partners (GIP). The deal gives OPC full ownership of CPV's operating assets, development pipeline and asset management business, positioning OPC to expand into U.S. renewable energy and efficient gas-fired power generation.

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

MTN Capital Partners and Argosy Private Equity Acquire Global Power Products

January 13, 2022

Manufacturing

MTN Capital Partners and Argosy Private Equity acquired AM-GPP Holdings, LLC d/b/a Global Power Products on December 30, 2021, in partnership with the company’s founders. The investment will provide capital and operational support to expand GPP’s product development and marketing efforts across its commercial, industrial and residential end markets.