GIP to Acquire Competitive Power Ventures from Warburg Pincus
March 31, 2015
Global Infrastructure Partners has agreed to acquire the principal holdings of Competitive Power Ventures, a North American electric power generation development and asset management company. The transaction, which is expected to close in 2Q, includes equity interests in a portfolio of power generation projects, as well as CPV's development and asset management platforms. GIP's investment will come from its Global Infrastructure Partners II vehicle, which closed in October 2012 with $8.25 billion in committed capital. CPV has been backed by Warburg Pincus since 2000.