Cube District Energy will be renamed Captis
Energy
Fiera Infrastructure Inc. (“Fiera Infrastructure”), a leading
global mid-market direct infrastructure investor and an affiliate
of Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital”),
announced today that it has acquired 100% of the equity interests
in Cube District Energy (“Cube”), a premier US landfill
gas-to-energy platform, from I Squared Capital.
Cube provides customers with dispatchable renewable power by
capturing and repurposing methane emitted by landfills, reducing
greenhouse gas emissions and providing an alternative to fossil
fuel resources. Cube owns and operates eight assets across the
Southeast region of the United States, all under long-term
contracts with investment grade counterparties. One of the
facilities supplies electricity, steam and chilled water to a
corporate entity, while the other seven assets supply power to
premier electric utilities.
Cube will be renamed Captis Energy, following the completion of
the transaction.
Alina Osorio, President of Fiera Infrastructure,
commented:
“Cube is a leading operator of landfill gas-to-energy assets in
the United States, offering a replacement for fossil energy sources
while supporting methane reduction targets and clean energy
initiatives. We believe that the company is well positioned, with a
strong management and operations team, to expand its current
footprint through scale acquisitions and new development, including
both landfill gas-to-power and RNG production projects. We are
excited to add this platform to our existing portfolio of
high-quality infrastructure assets and support its growth.”
Thomas Lefebvre, Partner of I Squared, remarked:
“Under I Squared’s ownership, Cube District Energy executed
various operational initiatives that have positioned the company
well for its next chapter of growth. We wish Chris Eastgate and his
team every continued success and congratulate Fiera on the
transaction.”
Chris Eastgate, Chief Executive Officer of Cube,
said:
“I Squared’s ownership and leadership positioned Cube District
Energy as a sustainable platform business in the renewable energy
sector. Together with our new owners, Fiera, and a committed team
at Cube District Energy, I look forward to building on this
platform, continuing to grow a successful core business and
leveraging off this into adjacent renewables activities.”
Moelis & Company LLC acted as financial advisor and Allen
& Overy LLP as legal advisor to Fiera Infrastructure on this
transaction. Houlihan Lokey Inc. acted as financial advisor and
Troutman Pepper LLP as legal advisor to I Squared Capital on this
transaction.
About Cube District Energy
Founded in 2014 and headquartered in Atlanta, Georgia, Cube owns
and operates seven landfill gas-to-power assets and one
cogeneration asset across the southeastern United States.
About Fiera Infrastructure
Fiera Infrastructure is a leading global mid-market direct
infrastructure investor operating across all subsectors of the
infrastructure asset class. Led by a team of highly experienced and
specialized professionals, the firm leverages strong global
relationships, with a local presence in Toronto, London and New
York. Fiera Infrastructure has assets under management and
commitments of C$3.0 billion as of September 30, 2021. Fiera
Infrastructure has invested in 40 infrastructure assets across
utilities, telecommunications, transportation, renewables and
PPPs.
For further information, please visit
www.fierainfrastructure.com. Follow Fiera Infrastructure on
LinkedIn.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm
with approximately C$180.8 billion in assets under management as of
September 30, 2021. The Firm provides institutional, retail and
private wealth clients with access to full-service integrated money
management solutions across traditional and alternative asset
classes. Clients and their portfolios derive benefit from Fiera
Capital’s depth of expertise, diversified offerings and outstanding
service. Fiera Capital trades under the ticker FSZ on the Toronto
Stock Exchange. For further information, please visit
www.fieracapital.com.
Headquartered in Montreal, Fiera Capital, with its affiliates in
various jurisdictions, has offices in over a dozen cities around
the world, including New York (U.S.), London (UK), and Hong Kong
(SAR).
In the U.S., asset management services are provided by the
Firm’s U.S. affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation,
including the Firm's annual information form, is available on SEDAR
at www.sedar.com.
About I Squared Capital
I Squared Capital is an independent global infrastructure
investment manager with over $32 billion in assets under management
focusing on energy, utilities, digital infrastructure, transport
and social infrastructure in the Americas, Europe and Asia. The
firm has offices in Hong Kong, London, Miami, New Delhi, and
Singapore.
Disclaimer
This document is for information purposes only and does not
constitute an offering of any security, product, service or fund.
This document does not take into account any investor’s investment
objectives, strategies, tax status, or investment horizon. This
document does not constitute investment advice and may not be used
in making any investment decision. This document contains only
summary information and no representation or warranty, express or
implied, is or will be made in relation to the accuracy or
completeness of the information contained herein, by Fiera Capital
Corporation, Fiera Infrastructure, or any of their respective
affiliates or funds. Some of the statements contained in this
document are, or may be deemed to be, “forward-looking statements”.
Forward-looking statements are not guarantees of future
performance. Past performance is no guarantee of future results.
Should any of the descriptions or terms in this document be
inconsistent with any applicable governing documents, such
documents shall prevail.
United Kingdom: This document is issued by Fiera Capital (UK)
Limited which is authorised and regulated by the Financial Conduct
Authority.
Fiera Capital (UK) Limited Queensberry House, 3 Old Burlington
Street, London W1S 3AE, UK.
Tel: + 44 (0)20 7518 2100 www.fiera.com
European Economic Area (EEA): Fiera Capital (Germany) GmbH
(“Fiera Germany”) offers, as a tied agent for the account and under
the liability of Netfonds Financial Service GmbH, Heidenkampsweg
73, 20097 Hamburg (NFS), investment brokerage of financial
instruments. NFS is a securities institute in accordance with
Section 2 (1) WpIG and has the necessary licences from the Federal
Financial Supervisory Authority (BaFin). As a tied agent of NFS
Netfonds Financial Service GmbH, Fiera Germany are entered in the
public register maintained by BaFin at www.bafin.de.
Fiera Capital (Germany) GmbH Walther-von-Cronberg-Platz 13,
60594 Frankfurt, Germany
Tel: +49 69 9202 075-0
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211215006095/en/
Fiera Infrastructure Ashley Ng Vice President, Investor
Relations (416) 646-2708 ang@fierainfrastructure.com
I Squared Capital Andreas Moon Managing Director and Head of
Investor Relations (786) 693-5739
andreas.moon@isquaredcapital.com
Fiera Capital (TSX:FSZ)
過去 株価チャート
から 12 2024 まで 1 2025
Fiera Capital (TSX:FSZ)
過去 株価チャート
から 1 2024 まで 1 2025
