Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ backed Xebec Adsorption Inc. filed an initial order under the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 of Bankruptcy Code in the United States.
Brookfield Renewable, through Brookfield Global Transition Fund I, and institutional investors to acquire Scout Clean Energy from Quinbrook Infrastructure Partners for up to US $1.35B and closed US $540M acquisition of Standard Solar.
Eric Bergeron led Flyscan Systems secured US $3.5M “pre-Series A’ funding led by BDC Capital with participation of Hatch and Enbridge. BDC’s Pascal Lanctot and Hatch’s Robert Francki joined Flyscan board of directors.
Brookfield Infrastructure owned Enercare Inc. to acquire HydroSolution from Caisse de dépôt et de placement du Québec (CDPQ), Groupe Confort, and Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group).
OMERS Private Equity invested US $100M for a minority stake in NovaSource Power Services in partnership with NovaSource’s leadership team led by CEO Troy Lauterbach and Clairvest Group Inc. (TSX: CVG) which continues as majority shareholder.
GE Digital acquired Opus One Solutions in December 2021 for US $68M from founder Joshua Wong, Energy Impact Partners, ENGIE New Ventures, Renewal Funds, MacKinnon, Bennett & Company Inc., Export Development Canada (EDC), and others.
Carter Li led SWTCH Energy secured US $10M Series A funding from Aligned Climate Capital, Landmark Management, Inc., Elemental Energy, IBI Group, Active Impact Investments, and Pacific Reach, US $3M credit facility from Silicon Valley Bank.
Robert Friedland and Laurent Frescaline led Ivanhoe Electric, “technology-enabled metal discoveries for the electrification of everything”, secured 2nd round of financing from international investors, bringing total funding to over US $150M.