Pattern Energy Group Inc.

Pattern Energy Group Inc. in the proposed sale of its interest in the K2 Wind Project to a consortium of investors led by Axium Infrastructure

Client

Pattern Energy Group Inc.

Value

$216 million

Service

Mergers and Acquisitions

Date Closed

Industry

Energy (Electrical Power)

Lead Office

Toronto


On November 7, 2018, Pattern Energy Group Inc. (“Pattern”), announced it has entered into an agreement for the sale of the company's minority-owned interest in the K2 Wind power facility in Ontario for a purchase price of $216 million to a consortium of investors led by Axium Infrastructure. Pattern intends to use the net proceeds from the sale for general corporate purposes, which may include: funding investments, acquisitions or the repayment of indebtedness.

The transaction is expected to close on or around December 31, 2018.

Pattern Energy Group Inc., based out of San Francisco, California, is an independent power company, focuses on the construction, ownership, and operation of various power projects including in the United States, Canada, and Chile.

Axium Infrastructure Inc. is a private equity firm, based out of Montréal, Canada, specializing in middle market investments, acquisitions and development of assets.

Osler, Hoskin & Harcourt LLP represented Pattern with a team consisting of Richard Wong (Commercial), John Groenewegen (Corporate), Greg Wylie (Tax), Shuli Rodal (Competition/Antitrust) and Marissa Kirsh (Construction).


Team
Richard Wong - Energy, Construction, Infrastructure

Richard Wong

Partner, Commercial

John Groenewegen - Private Equity Lawyer

John Groenewegen

Partner, Corporate

Gregory  Wylie

Gregory Wylie

Partner, Taxation

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment

Marissa Kirsh

Marissa Kirsh

Associate, Construction Law