OMERS, AIMCo sell majority stake in ERM to KKR bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
KKR Nears $3 Bln Deal To Buy ERM Group: Report
WASHINGTON (dpa-AFX) - KKR & Co Inc. (KKR) is nearing a deal to buy ERM Group Inc. from its Canadian owners in a deal that potentially values the consultancy at as much as $3 billion, Bloomberg reported citing people familiar with the matter.
According to the report. KKR is set to beat out rival bidders in a formal sale process for the company owned by Omers Private Equity and Alberta Investment Management Corp. A potential announcement could be made in coming days.
No final decision has been made and talks could still be delayed or fall apart, the report said.
Private equity giant KKR & Co Inc (NYSE: KKR) is in talks to buy U.K.-based sustainability consulting company ERM Group Inc., Bloomberg reported, citing .
UPDATE 1-Canadian pension fund reviews options for Spain s Eolia, sources say Reuters 3 hrs ago
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By Isla Binnie
MADRID, May 5 (Reuters) - Canadian pension fund Alberta Investment Management Corp (AIMCo) has begun a strategic review of Spanish renewable energy firm Eolia, which could lead to a possible sale, two sources familiar with the matter told Reuters.
AIMCo has hired advisers to decide on strategic options for the business that operates around 860 megawatts (MW) of renewable energy generation capacity in Spain, the sources said on condition of anonymity because the matter is confidential.
AIMCo declined to comment.
The Edmonton-based pension fund, with roughly $119 billion of assets under management, bought Eolia in 2019 for around 1.4 billion euros ($1.7 billion) including debt and is considering capitalising on growing investor appetite for renewable energy assets in Southern Europe.
AIMCo launches strategic review of Spanish renewable-energy firm Eolia: sources theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.