CPPIB Acquires Pattern Energy

Pattern Energy Shareholders to Receive $26.75 per Share in Cash; Transaction Enterprise Value of Approximately $6.1 Billion / Canada Pension Plan Investment Board and Riverstone Holdings to Combine Pattern Energy and Pattern Development into an Integrated Renewable Energy Company / Transaction Expected to Close by the Second Quarter of 2020

Pattern Energy Group Inc. and Canada Pension Plan Investment Board (CPPIB) today announced they have entered into a definitive agreement, pursuant to which CPPIB will acquire Pattern Energy in an all-cash transaction for $26.75 per share, implying an enterprise value of approximately $6.1 billion, including net debt. CPPIB and Riverstone Holdings LLC have concurrently entered into an agreement pursuant to which, at or following the... ... More: Official Press Release CPPIB

Keywords:

Pattern Energy, CPPIB, aqcuisition, shareholder, investment, renewable energy, North America, Japan, developer