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Altius Renewable Royalties Corp. completes a statutory plan of arrangement with Royal Aggregator LP

Date Closed

December 4, 2024

Lead Office

Toronto

Value

161.84 Million CAD

On December 4, 2024, Altius Renewable Royalties Corp. (“ARR”) completed a statutory plan of arrangement with Royal Aggregator LP, an affiliate of Northampton Capital Partners LLC (the “Purchaser”), pursuant to which the Purchaser acquired an approximately 43% minority stake of all issued and outstanding common shares of ARR for cash consideration of C$12.00 per share. Under the arrangement agreement, the ARR common shares owned directly or indirectly by Altius Minerals Corporation (“Altius Minerals”) (representing approximately 57% of the issued and outstanding ARR common shares) were retained by Altius Minerals.

ARR, headquartered in Newfoundland, is a renewable energy royalty company whose business is to provide long-term, flexible investment capital to renewable power developers, operators and originators.

McCarthy Tétrault LLP advised ARR with a team led by Eva Bellissimo and Claire Lehan, that included Jennifer Longhurst, Samantha Pettinato, Ivor Selimovic, Britney Schyf, Adil Akbar, Rachel Cristofoli (Corporate/M&A), Sean Smyth, Shane D’Souza, Chris Puskas, Rahul Bhutani (Litigation), Mike Hegedus, Matthew Kraemer and Taylor Page (Tax).

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