Alter Domus Acquires Investors Economic Assurance (IEA)

Alter Domus Acquires MSC Group to Expand Australia Service Capabilities

May 5, 2026

IT Services

Alter Domus agreed to acquire MSC Group to deepen its client offering in Australia, adding specialist private credit and alternative assets services across trusteeship, custody, and fund administration. The deal is expected to close later in 2026 following regulatory approvals, with the expanded teams combining licensed capabilities across Australia and key APAC markets.

Global Infrastructure Partners and EQT Consortium to Acquire AES for $10.7B Equity Value

March 2, 2026

Energy

A consortium led by Global Infrastructure Partners (GIP), a part of BlackRock, and EQT Infrastructure VI, along with co-underwriters CalPERS and Qatar Investment Authority, has entered into a definitive agreement to acquire The AES Corporation for $15.00 per share in cash. The deal values AES at about $10.7 billion in total equity value and approximately $33.4 billion enterprise value, including assumed existing debt, and is expected to close in late 2026 or early 2027.

Cinven Makes Strategic Investment in Alter Domus

March 4, 2024

Financial Services

International private equity firm Cinven has agreed to make a significant majority/strategic investment in Alter Domus, valuing the company at an enterprise value of €4.9 billion. Permira and the company's founders will sell approximately half of their shares to Cinven but will remain significant shareholders as Cinven supports further international growth, tech investment and buy-and-build expansion; the transaction is subject to customary regulatory approvals.

MasTec Acquires Infrastructure and Energy Alternatives (IEA)

July 25, 2022

Energy

MasTec has agreed to acquire Infrastructure and Energy Alternatives, Inc. (IEA) in a cash-and-stock transaction valued at approximately $1.1 billion, with IEA shareholders receiving $14.00 per share. The deal expands MasTec's clean energy and infrastructure capabilities—adding nearly 6,000 IEA employees, union-based clean energy power generation services, and broadened renewable project and heavy-civil expertise—and is expected to close in late Q4 2022 subject to customary approvals.

Alter Domus Acquires Strata Fund Solutions LLC

January 12, 2021

Financial Services

Alter Domus, a Luxembourg-based fund administration and corporate services provider backed by Permira, has acquired Strata Fund Solutions LLC, a Salt Lake City-based fund administrator serving private equity and venture capital funds. The deal expands Alter Domus' North American footprint, adds over 200 fund accounting and administration professionals, and brings complementary technology and a $140 billion assets-under-administration client base to the combined firm.

Asterion, EDF Invest and Swiss Life Asset Managers Acquire Energy Assets Group

June 25, 2020

Energy

A consortium of Asterion Industrial Partners, EDF Invest and Swiss Life Asset Managers has completed the acquisition of Energy Assets Group (EAG) from Alinda Capital Partners and Hermes Infrastructure. Headquartered in Livingston, Scotland, EAG is a leading provider of multi-utility metering services, meter asset management and last-mile utility connections in the UK; the investors plan to support its continued growth and expansion into adjacent sectors such as IGT/IDNO, fibre and EV charging infrastructure.