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I Squared Capital

Company Summary

Description

I Squared Capital is a private equity firm focusing on global infrastructure investments. The company invests in energy, utilities and transportation projects in North America, Europe and select high growth economies, such as India and China

Website

http://www.isquaredcapital.com/

Operational Regions

  • North America
  • Europe
  • Asia
  • South America
  • Latin America

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Company Transactions

Date: 6/30/2021
Type: Acquisition

BUYERS:
  • I Squared Capital
    • SELLERS:
  • Atlantic Power Corporation
    • DETAILS:

    COST: 961 $MM

    NOTES:
    I Squared Capital has reached a deal to acquire Atlantic Power Corporation for an enterprise value of $961 million. Common shareholders will receive $3.03/share in cash (48% premium) and all convertible debentures will be converted into common shares with a make-whole premium. If approved, closing is planned for the second quarter of 2021.
    REGIONS:
  • United States

    • Date: 11/2/2018
    Type: Acquisition

    BUYERS:
  • I Squared Capital
  • Pinnacle Midstream, LLC
    • SELLERS:
  • Eagleclaw Midstream Ventures
  • Blackstone Capital Partners
  • BCP Raptor Holdco
    • DETAILS:

    COST: 0.5 $B

    NOTES:
    EagleClaw Midstream and funds managed by Blackstone Energy announced that I Squared Capital has committed over $500 million in cash and its Delaware Basin portfolio held by Pinnacle Midstream to EagleClaw. I Squared has also become a partner in BCP Raptor Holdco, the parent company of EagleClaw.
    REGIONS:
  • Delaware Basin

    • Date: 11/15/2017
    Type: Acquisition

    BUYERS:
  • I Squared Capital
    • SELLERS:
  • BP Energy Partners LLC
  • Pinnacle Midstream, LLC
    • DETAILS:
    REGIONS:
  • Delaware Basin

    • Date: 12/21/2016
    Type: Acquisition

    BUYERS:
  • I Squared Capital
    • SELLERS:
  • Duke Energy Corporation
    • DETAILS:

    COST: 1.2 $B

    VOLUMES: 2300 MW

    NOTES:
    Duke Energy announced that it has reached an agreement to sell its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt).
    REGIONS:
  • South America