CDPQ

Natixis Corporate & Investment Banking leads financing for $1.5 billion sustainability-linked revolving credit facility for Invenergy Renewables Operating I LLC

Retrieved on: 
Wednesday, August 2, 2023
HSBC Bank, Investment banking, Scotiabank, Senior, Banco Santander, Parent, Safety, Desjardins Group, Bank of Montreal, Health, GHG, National bank, Invenergy, Canadian Imperial Bank of Commerce, CDPQ, Energy transition, National Australia Bank, Blackstone, HSBC Bank USA, BNP Paribas, Société Générale, Lead arranger, Natural Resources, Bank, Natixis, NatWest, Rabobank, Export Development Canada, National Association, MUFG Bank, National Bank of Canada, Commerce, Renewable energy, S.A

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.

Key Points: 
  • NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.
  • "Natixis CIB is excited to deliver this landmark financing to a preeminent renewable developer such as Invenergy.
  • The successful refinance and upsize of the corporate facility adds another important milestone to Natixis CIB's longstanding relationship with Invenergy, as well as its investment partners – Blackstone and CDPQ.
  • Natixis CIB was proud to partner with the excellent team at Invenergy and an outstanding bank group to deliver this landmark financing.

The REM ready to welcome first passengers

Retrieved on: 
Friday, July 28, 2023
SNC-Lavalin, Leisure, Greater, RTL, Friends, Pomerleau, Canada Infrastructure Bank, Chợ Rã, Caisse de dépôt et placement du Québec, Woman, GHG, History, Caisse, CDPQ, Retirement, City, Metro, EBC, Montreal, Investment, Engineering, Alstom, STM, Transport, Aecon, Family, Place Ville Marie, REM, Airline, Tourism, Tunnel, Management, Shipbuilding, Renewable energy, ACS Group, Brossard, Travel

Once completed, the fully automated and electric REM will reduce GHG emissions by 100,000 tonnes per year.

Key Points: 
  • Once completed, the fully automated and electric REM will reduce GHG emissions by 100,000 tonnes per year.
  • "The REM will transform the way people get around the Greater Montréal area.
  • Our teams are ready to welcome users so that they'll have the best experience possible and to encourage them to adopt this modern, 100% electric mode of transportation."
  • "The launch of the Réseau express métropolitain (REM) clearly shows how the electrification of transportation is not only about individual electric vehicles.

Energize Capital raises $300 million growth equity platform as market for climate software matures to new level of scale

Retrieved on: 
Thursday, July 27, 2023
Aurora, Xcel Energy, Partnership, Credit Suisse, CDPQ, LP record, Investment, Capital, Growth, Climate, Aurora Solar Thermal Power Project, HASI, Renewable energy, Security (finance), Invenergy, Urban Saints

CHICAGO, July 27, 2023 /PRNewswire/ -- Energize Capital (formerly Energize Ventures), a leading climate software investor, today announced the close of its second growth fund, bringing the firm's total capital commitments for its growth equity platform to $300 million. This close brings Energize's assets under management to $1.2 billion, surpassing $860 million in total committed capital from LPs. To reflect this extension of strategy into growth equity and to position itself for future growth, the firm has changed its name to Energize Capital. Under the expanded strategy, the investment firm will continue to support enduring climate software businesses as they scale amidst significant economic tailwinds.

Key Points: 
  • To reflect this extension of strategy into growth equity and to position itself for future growth, the firm has changed its name to Energize Capital.
  • The official close of Energize's growth platform comes at a time when growth capital is in high demand – especially for the climate market.
  • With its new growth equity strategy, Energize can continue providing capital and operational support to enduring late-stage climate software companies.
  • To date, Energize has invested in 26 climate software companies accelerating the transition to sustainable energy through its venture capital and growth equity strategies.

Energize Capital raises $300 million growth equity platform as market for climate software matures to new level of scale

Retrieved on: 
Thursday, July 27, 2023
Aurora, Xcel Energy, Partnership, Credit Suisse, CDPQ, LP record, Investment, Capital, Growth, Climate, Aurora Solar Thermal Power Project, HASI, Renewable energy, Security (finance), Invenergy, Urban Saints

CHICAGO, July 27, 2023 /PRNewswire/ -- Energize Capital (formerly Energize Ventures), a leading climate software investor, today announced the close of its second growth fund, bringing the firm's total capital commitments for its growth equity platform to $300 million. This close brings Energize's assets under management to $1.2 billion, surpassing $860 million in total committed capital from LPs. To reflect this extension of strategy into growth equity and to position itself for future growth, the firm has changed its name to Energize Capital. Under the expanded strategy, the investment firm will continue to support enduring climate software businesses as they scale amidst significant economic tailwinds.

Key Points: 
  • To reflect this extension of strategy into growth equity and to position itself for future growth, the firm has changed its name to Energize Capital.
  • The official close of Energize's growth platform comes at a time when growth capital is in high demand – especially for the climate market.
  • With its new growth equity strategy, Energize can continue providing capital and operational support to enduring late-stage climate software companies.
  • To date, Energize has invested in 26 climate software companies accelerating the transition to sustainable energy through its venture capital and growth equity strategies.

Ørsted divests its remaining 25 % share of London Array to funds managed by Schroders Greencoat

Retrieved on: 
Monday, July 24, 2023
CDPQ, Wind, DKK, Investment, GBP, Recycling, Hornsea, Renewable energy, London Array

Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK.

Key Points: 
  • Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK.
  • Ørsted originally owned 50 % of the project and divested an initial 25 % of London Array to CDPQ in 2014.
  • Ørsted does not have O&M responsibility at London Array, and as the company only holds a minority interest, Ørsted considers the asset non-strategic.
  • Daniel Lerup, Chief Financial Officer at Ørsted, says:
    “We’re very pleased to have found a strong new owner for our remaining minority interest in London Array.

AuguStar Retirement enters the annuity marketplace offering best-in-class products and services, led by a team of market-tested industry leaders

Retrieved on: 
Wednesday, July 19, 2023
Constellation, Insurance, Small business, Marketing, CDPQ, Organization, Ontario Teachers' Pension Plan, Growth, Financial adviser

CINCINNATI, July 19, 2023 /PRNewswire/ -- Constellation Insurance, Inc. (Constellation) announces the entry of AuguStar Retirement into the annuity marketplace, committed to creating value for clients and forging long-term advisor relationships.

Key Points: 
  • CINCINNATI, July 19, 2023 /PRNewswire/ -- Constellation Insurance, Inc. (Constellation) announces the entry of AuguStar Retirement into the annuity marketplace, committed to creating value for clients and forging long-term advisor relationships.
  • Constellation's institutional owners CDPQ and Ontario Teachers' are two of the world's largest long-term institutional investors.
  • AuguStar Retirement plans to launch several annuity products in banks, broker/dealers, and select independent marketing organizations over the next few months.
  • The AuguStar Retirement brand embodies our commitment to delivering this differentiated experience."

CDPQ's sustainability leadership recognized once again by Global SWF

Retrieved on: 
Friday, June 30, 2023
GSR, CDPQ, Temasek, Economic development, Pension fund

With a score of 100%, CDPQ shares the top spot with three other investors, including Singapore sovereign wealth fund Temasek and New Zealand sovereign wealth fund NZ Super.

Key Points: 
  • With a score of 100%, CDPQ shares the top spot with three other investors, including Singapore sovereign wealth fund Temasek and New Zealand sovereign wealth fund NZ Super.
  • The Global SWF 2023 GSR Scoreboard – a global benchmark – assesses the governance, sustainability and resilience practices of around 200 sovereign wealth funds and pension funds worldwide.
  • This recognition reflects the quality of our teams' work and the organization's leadership in advancing sustainability issues in Quebec and internationally.
  • Last year, the Global SWF named CDPQ Fund of the Year 2022, highlighting its impact on Quebec's economic development, as well as local and international initiatives to advance sustainable finance.

GSoft becomes Workleap, strengthening its commitment to bringing people and technology together to drive business excellence

Retrieved on: 
Monday, June 26, 2023
CDPQ, Workforce, Growth, Ecosystem, Acquisition, LMS, Software, Video game, Management

MONTRÉAL , June 26, 2023 /PRNewswire/ -- GSoft, a leading software company behind employee experience products that enable over 20,000 companies to achieve more, has officially rebranded to Workleap, as part of an important strategic move that supports its mission to craft the leading platform to make work simpler, kinder and faster.

Key Points: 
  • GSoft, now Workleap, has witnessed significant growth over the past year.
  • This rebranding reflects the company's intent to further expand and unify its family of software products to deliver more value to its customers.
  • Workplaces need a software update to bring their full team together and create a unified experience, and Workleap can do that."
  • Visit Workleap.com for more information on how the company helps employees and businesses achieve work excellence and high performance.

INVENERGY ANNOUNCES $1 BILLION FOLLOW ON INVESTMENT FROM BLACKSTONE INFRASTRUCTURE PARTNERS

Retrieved on: 
Wednesday, June 21, 2023
CDPQ, Wind, Farm, Blackstone, Growth, Reactive destocking, Senior, Renewable energy, Invenergy

CHICAGO, June 21, 2023 /PRNewswire/ -- Invenergy, a leading privately-held developer, owner and operator of sustainable energy solutions, today announced that funds managed by Blackstone Infrastructure Partners ("Blackstone") have completed an approximately $1 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy" or "the company") to support its rapidly expanding business. This investment builds on Blackstone's nearly $3 billion investment in Invenergy in 2021 and 2022. 

Key Points: 
  • CHICAGO, June 21, 2023 /PRNewswire/ -- Invenergy, a leading privately-held developer, owner and operator of sustainable energy solutions, today announced that funds managed by Blackstone Infrastructure Partners ("Blackstone") have completed an approximately $1 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy" or "the company") to support its rapidly expanding business.
  • This investment builds on Blackstone's nearly $3 billion investment in Invenergy in 2021 and 2022.
  • Invenergy management will continue as managing member of the company with day-to-day responsibility for execution of the business.
  • "We are proud to support the continued growth of Invenergy's business," said Matthew Runkle, Senior Managing Director, Blackstone Infrastructure.

UNIGEC -- Specialized Building Engineering Firm in Saguenay-Lac-Saint-Jean -- Joins the ranks of BPA

Retrieved on: 
Wednesday, June 21, 2023
CDPQ, Engineering, Saguenay–Lac-Saint-Jean, Growth, LEED, BPA, Management, List of regions of Quebec

"UNIGEC's wealth of expertise strengthens BPA's position as a leader in building engineering, while adding civil engineering expertise to our range of services," says Dominic Latour, CEO of BPA.

Key Points: 
  • "UNIGEC's wealth of expertise strengthens BPA's position as a leader in building engineering, while adding civil engineering expertise to our range of services," says Dominic Latour, CEO of BPA.
  • "Joining forces with UNIGEC is part of our ambitious strategic plan to expand our team and our reach across Canada, while being recognized as a leader in building engineering from coast to coast," he adds.
  • BPA and UNIGEC share similar values of integrity and excellence, as well as a common vision of providing solutions to the most complex challenges in building engineering.
  • Outgoing UNIGEC President Patrice Bouchard and two other employees are becoming BPA shareholders.