Boralex's Sale to Brookfield Highlights Canada's Private Equity Boom

Boralex, a Montreal-based renewable energy company, has agreed to be acquired by Brookfield and Caisse de Depot et Placement du Quebec for C$9 billion including debt. The deal allows Boralex to access the capital it needs to finance its expansion plans, while avoiding the volatility of the public markets. Brookfield and the Caisse will control 70% and 30% of the company, respectively, and Boralex will cease to be publicly traded. The deal is seen as a win-win for both parties, resolving a valuation disconnect in the public markets.