The Manufacturers Life Insurance Company sells Regional Power Inc. to Connor, Clark & Lunn Infrastructure and Desjardins
March 21, 2019
On March 21, 2019, The Manufacturers Life Insurance Company ("Manulife") sold Regional Power Inc. to Connor, Clark & Lunn Infrastructure and Desjardins.
Regional Power develops, builds, refurbishes and operates renewable energy power plants and has been developing and operating independent power projects since the mid-1980s. Regional Power’s assets include three operating run-of-river hydroelectric projects with a combined installed capacity of approximately 70 megawatts (MW) and a pipeline of development stage wind and hydro generation opportunities.
CC&L Infrastructure, part of Connor, Clark & Lunn Financial Group Ltd., invest in middle-market infrastructure and infrastructure-like assets and companies with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flow.
McCarthy Tétrault LLP advised Manulife with a team led by Suzanne Murphy that included Anastassia Chtaneva, Kerri Lui, Charles-Alexandre Jobin, Suzie Cusson, Martin Thiboutot and Mark McEwan (Business), Nigel Johnston (Tax), Kevin Wright and Morgan Troke (Financial Services), William McCullough and Craig Shirreff (Real Property and Planning) and Oliver Borgers (Competition).