PE-backed Pattern Energy launches IPO, expects to net $290M
Renewable power producer Pattern Energy Group LP, which has its U.S. headquarters in San Francisco and its Canadian office in Toronto, has launched an initial public offering of 16,000,000 shares at a price of between US$19 and US$21 per share. The company expects to receive net proceeds of approximately US$290 million. Pattern Energy owns and operates wind power projects, and has an interest in eight projects located in the United States, Canada and Chile. With the backing of U.S. private equity firm Riverstone Holdings, the business was formed in 2009 from the wind development portfolio of Babcock & Brown's North American Energy Group.
9 September 2013•3 mins read
