Ontario Teachers, J.P. Morgan buy Koole Terminals from EQT
J.P. Morgan Asset Management and Ontario Teachers' Pension Plan have closed their joint acquisition of Koole Terminals, an energy storage company in Northwestern Europe, from EQT Infrastructure. No financial terms were released; however, Reuters reported in September that Koole's potential sale valued the business at more than 1 billion euros (US$1.1 billion). Members of the Koole family and the senior management team are expected to retain an ownership interest in the company, which is based in Zaandam, The Netherlands. According to Reuters, a number of infrastructure and private equity firms, including Borealis Infrastructure, were bidding for Koole.
16 December 2015•3 mins read
