IFLR1000

Innergex Renewable Energy C$1.1 billion acquisition of Alterra Power

30/10/2017
Public acquisition
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C$ 1.1 billion

Announced

30/10/2017

Overview:

  • Innergex Renewable Energy has acquired Alterra Power for C$1.1 billion.
  • For a share of Alterra, Innergex will pay C$8.25 - C$2.06 in cash and 0.4172 in common shares.
  • The acquirer looks on the acquisition as a way to diversify its renewable energy portfolio.
  • National Bank Financial and Marathon Capital have acted as financial advisers to Alterrs, while BMO Capital Markets has acted for Innergex.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Canada

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Energy

Firms:
Blake Cassels & Graydon

Party: Alterra Power (Target)

Lawyer: Bob Wooder

Borden Ladner Gervais

Party: Alterra Power (Target)

Lawyer: Fred Pletcher

McCarthy Tétrault

Party: Innergex Renewable Energy (Acquirer)

Lawyers: Hadrien Montagne, Marc Dorion, Morgan Troke, Patrick Boucher, Richard O'Doherty, Sven Milelli

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