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ARTICLE · 13 FEBRUARY 2020

Upcoming/New CFIUS Filing: Canada Pension Investment Board And Pattern Energy Group

On November 3, 2019, Pattern Energy Group Inc., a US publicly traded (Nasdaq and TSX: PEGI) vertically integrated renewable energy ...

GlobalGovernment, Public Sector

Status: Upcoming/New Filing

Acquirer: Canada Pension Plan Investment Board (Canada)

Acquired: Pattern Energy Group Inc. (US)

Value: US$6.1 billion

Industry: Energy

On November 3, 2019, Pattern Energy Group Inc., a US publicly traded (Nasdaq and TSX: PEGI) vertically integrated renewable energy company, entered into a merger agreement with Pacific US Inc., an entity "controlled by Canada Pension Plan Investment Board ("CPPIB")," and a wholly owned subsidiary of Pacific US Inc., whereby Pattern Energy Group Inc. will merge with and into the subsidiary and survive as a wholly owned subsidiary of Pacific US Inc. (Pattern Energy Group Inc. Form 8-K, Nov. 4, 2019, SEC Filing.) The acquisition of "100% of Pattern Energy's outstanding common shares" will have "an enterprise value of approximately $6.1 billion." (Investor Presentation, Pattern Energy Group Inc. Form 8-K, Ex-99.1, Nov. 4, 2019, SEC Filing.) The business of Pattern Energy Group "consists of both (i)

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