Capital Power And Manulife Investment Management Announce The Acquisition Of The Midland Cogeneration Facility In The United States
Acquiring Company
Manulife Investment Management
Acquired Company
Midland Cogeneration
Toronto
CopenhagenFinancial ServicesFinanceEnergySustainabilityNatural ResourcesDescription
Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that it has partnered with Manulife Investment Management on behalf of the Manulife Infrastructure Fund II and its affiliates to acquire 100% of the interests in MCV Holding Company, which owns Midland Cogeneration Venture (“Midland Cogen”). The 1,633 megawatt (MW) natural gas combined-cycle cogeneration facility is being acquired from OMERS Infrastructure Management Inc. and its co-investors (“OMERS”) for a total of US$894 million, including the assumption of US$521 million of project level debt. The transaction is expected to close in the third quarter of 2022, subject to regulatory approvals and other customary closing conditions.
Quick answer
Manulife Investment Management and Capital Four are acquiring Midland Cogeneration, announced July 12, 2022. Manulife Investment Management is based in Toronto, Ontario, Canada.
- How much did Manulife Investment Management pay for Midland Cogeneration?
- The deal value was not disclosed.
- What does Manulife Investment Management do?
- Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation.
- Where are Manulife Investment Management and Midland Cogeneration based?
- Manulife Investment Management is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Manulife Investment Management?
- Fundz holds 2 contacts at Manulife Investment Management. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Midland Cogeneration?
Midland Cogeneration was acquired by Manulife Investment Management, based in Toronto. The deal was reported on July 12, 2022. Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. Manulife Investment Management is privately held and operates in Financial Services.
When did Manulife Investment Management acquire Midland Cogeneration?
Manulife Investment Management's acquisition of Midland Cogeneration was reported on July 12, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Midland Cogeneration do?
Midland Cogeneration Venture (MCV) is the largest natural gas fired combined electrical energy and steam energy generating plant in the United States of America. It is privately held.
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