Northern Blizzard Resources Inc has completed its previously announced offering of 26.3 million common shares priced at $19.00 per share for total gross proceeds of $500 million. Northern Blizzard's common shares commenced trading on the Toronto Stock Exchange under the symbol "NBZ" on Aug. 8. Part of the offering was a secondary transaction that accounted for $150 million. It was made by existing U.S. private equity investors NGP Energy Capital Management and Riverstone Holdings, which will continue jointly to hold a majority interest in the Calgary-based energy company.
4 min read · 11 August 2014
Canadian renewable power investor Brookfield Renewable Energy Partners has completed its previously announced acquisition of the 417 MW Safe Harbor hydroelectric facility. Brookfield Renewable and its institutional partners bought the 67 percent interest in the facility that it did not already own from a subsidiary of Exelon Corp for around US$613 million. Safe Harbor is situated on the Susquehanna River in Pennsylvania and generates an average of 1,100 GWh annually. Brookfield Renewable and its partners took an initial interest in the facility in early 2014 for US$289 million.
2 min read · 11 August 2014
1 min read · 11 August 2014
Two global private equity giants are set to face off in a battle for Australia’s Treasury Wine Estates Ltd after TPG Capital Management LP matched a $3.1 billion move from Kohlberg Kravis Roberts & Co for one of the world’s biggest wine makers.
3 min read · 11 August 2014
ONCAP, the mid-market investment platform of Onex Corp, has been named to Preqin's global list of the most consistent performing private equity fund managers. ONCAP was one of a dozen firms added last week to a league table of the world's top performing buyout fund managers. The table comprises 35 firms in total, 60 percent of which are U.S.-based, with most of the rest residing in Europe and Asia.
3 min read · 11 August 2014
2 min read · 11 August 2014
2 min read · 11 August 2014
2 min read · 11 August 2014
4 min read · 11 August 2014
1 min read · 11 August 2014
