Origin Merchant Partners is pleased to announce that Capstone Infrastructure Corporation (“Capstone”) and Renewable Energy Developers Inc. (“ReD”, formerly Sprott Power Corp.) have successfully completed the previously announced plan of arrangement (the “Arrangement”) pursuant to which Capstone acquired all of the issued and outstanding common shares of ReD.With the completion of the Arrangement, it is anticipated that the ReD shares will be delisted from the TSX as soon as practicable. ReD is now a subsidiary of Capstone.
Origin Merchant Partners acted as financial advisor to Capstone with respect to this transaction.
Capstone Infrastructure Corporation’s mission is to build and responsibly manage a high quality portfolio of infrastructure businesses in Canada and internationally in order to deliver a superior total return to shareholders by providing reliable income and capital appreciation. Capstone’s portfolio comprises investments in Canada’s power infrastructure, including gas cogeneration, wind, hydro, biomass and solar power generating facilities, representing approximately net 465 megawatts of installed capacity, and contracted wind power development projects totalling net 79 megawatts of capacity. Capstone also invests in utilities, including a 33.3% interest in a district heating business in Sweden, and a 50% interest in a regulated water utility in the United Kingdom. For more information, please visit www.capstoneinfrastructure.com.
Origin Senior Lead: Jim Osler