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IFM Investors and Ontario Teachers’ Pension Plan Board jointly acquire Canadian district energy operations owned by Enwave Energy Corporation
February 2, 2021 GMT
TORONTO (BUSINESS WIRE) Feb 2, 2021
IFM Investors and Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) are pleased to announce that they have entered into a definitive agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) to jointly acquire a 100% interest in the Canadian district energy operations owned by Enwave Energy Corporation (“Enwave”) for C$2.8 billion on an enterprise value basis. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.
After almost a decade of growth, Brookfield Infrastructure selling energy business Enwave
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IFM Investors and Ontario Teachers’ Pension Plan Board jointly acquire Canadian district energy operations owned by Enwave Energy
IFM Investors
TORONTO, CANADA (February 3 2021): IFM Investors and Ontario Teachers’ Pension Plan Board (“Ontario Teachers”) are pleased to announce that they have entered into a definitive agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) to jointly acquire a 100% interest in the Canadian district energy operations owned by Enwave Energy Corporation (“Enwave”) for C$2.8 billion on an enterprise value basis. IFM Investors and Ontario Teachers’ will retain the Enwave brand as part of this transaction and each will own 50% of the company.
By IPE staff2020-12-29T01:10:00+00:00
Ontario Teachers’ Pension Plan Board is buying an Italian gas pipeline company from a Macquarie Infrastructure and Real Assets (MIRA) fund.
MIRA’s Macquarie European Infrastructure Fund 4 has sold its 69.4% interest in Società Gasdotti Italia (SGI) for an undisclosed sum.
SGI, the largest independent gas transmission operator in Italy, has a 1,700km high-pressure pipeline network transporting natural gas to key industrial and urban centres.
MIRA acquired SGI in 2016 in a consortium with Swiss Life. In addition to SGI, MIRA’s managed infrastructure funds are currently invested in Hydro Dolomiti Energia, an owner of a portfolio of hydropower generation facilities across Northern Italy.
Date Time
Macquarie agrees to sale of Società Gasdotti Italia to Ontario Teachers’ Pension Plan
Macquarie Infrastructure and Real Assets (“MIRA”), via Macquarie European Infrastructure Fund 4, has reached an agreement to sell its 69.4 per cent interest in Società Gasdotti Italia S.p.A (“SGI”) to Ontario Teachers’ Pension Plan Board (“Ontario Teachers ”).
SGI is the largest independent gas transmission operator in Italy, with a 1,700-kilometre high pressure pipeline network transporting natural gas to key industrial and urban centres. MIRA acquired SGI in a consortium with Swiss Life and has since supported the growth of the company through the construction of the San Marco-Recanati and Larino-Chieti pipelines as well as the development of a gas transmission network in Sardinia with SNAM.
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