logo
Pattern Energy Announces Closing of Equity Investment from Consortium Headed by APG and ART

Pattern Energy Announces Closing of Equity Investment from Consortium Headed by APG and ART

National Posta day ago

Article content
SAN FRANCISCO — Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, today announced that a consortium headed by APG Asset Management N.V. (APG), on behalf of the largest Dutch pension fund, ABP, and Australian Retirement Trust (ART) closed on Riverstone Holdings LLC's (Riverstone) equity stake in the company. The previously announced investment has received all required approvals, and the consortium is now an owner in Pattern Energy alongside Canada Pension Plan Investment Board (CPP Investments) and Pattern management. Financial details were not disclosed.
Article content
'Pattern is significantly strengthened by APG's and ART's financial backing and their supplemental growth capital, further positioning the company to meet critical and rapidly growing energy demand across North America,' said Hunter Armistead, CEO at Pattern Energy. 'Our new partners value Pattern's commitment to building reliable energy infrastructure while creating jobs and investing in rural communities as we advance our vision to Power the Future.'
Article content
'This investment in Pattern supports our client's ambition to realize attractive, stable returns while making progress toward cleaner, more resilient energy infrastructure,' said Steven Hason, Head of Americas Real Assets at APG Asset Management US Inc. 'Partnering with Pattern and our new stakeholders reinforces our strategy to deliver long-term value while making a real difference day after day.'
Article content
'Our partnership with Pattern demonstrates our efforts to advance renewable energy infrastructure,' said Michael Weaver, General Manager, Mid Risk Assets & UK at ART. 'This investment strengthens our expanding sustainable energy portfolio, aligning with our responsibility as a leading global investor. We are confident it will deliver lasting value for our 2.4 million members while supporting our Net Zero 2050 Roadmap.'
Article content
'As one of the founding equity partners in Pattern, we take pride in fostering the tremendous growth and innovation at the company over the past 16 years, and we are confident that Pattern is well-positioned for continued success,' said Yakov Tsveig, Principal of Riverstone.
Article content
Founded in 2009 by Riverstone, its affiliates, and current and former members of the Pattern management team, Pattern Energy has become one of the world's largest privately-owned developers and operators of some of the most sophisticated clean energy and transmission projects in North America.
Article content
Evercore Group L.L.C. served as exclusive financial advisor and Vinson & Elkins served as legal counsel to Riverstone in connection with this transaction. Sidley Austin LLP served as legal counsel to the buyer consortium.
Article content
About Pattern Energy
Article content
Pattern Energy is one of the world's largest privately-owned developers and operators of major clean energy and transmission infrastructure. With more than 30 facilities across North America, Pattern's operations use proven, best-in-class technology to deliver affordable, reliable power to millions of customers. Its nearly 10,000 MW operating and under construction portfolio is meeting critical energy needs and growing demand. Pattern Energy is guided by a long-term commitment to serve customers, strengthen communities and responsibly Power the Future. For more information, visit www.patternenergy.com.
Article content
About APG
Article content
As the largest pension services provider in the Netherlands APG looks after the pensions of 4.6 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €616 billion (December 2024) in pension assets. With approximately 4,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, and Singapore. www.apg.nl About ART Australian Retirement Trust is one of Australia's largest super funds. Close to 2.4 million Australians trust us to take care of over AUD 300 billion of their retirement savings. We're here to help our members retire well with confidence, focused on strong long-term investment returns, lower fees and the information and access to advice our members need to manage their super and retirement.
Article content
Article content
Article content
Article content
Contacts
Article content
Matt Dallas
Pattern Energy
917-363-1333
matt.dallas@patternenergy.com Jennifer Bainbridge
APG Asset Management US Inc.
973-842-1391
jennifer.bainbridge@apg.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vaccine stocks muted as investors assess Kennedy's overhaul of key panel
Vaccine stocks muted as investors assess Kennedy's overhaul of key panel

Globe and Mail

time26 minutes ago

  • Globe and Mail

Vaccine stocks muted as investors assess Kennedy's overhaul of key panel

Shares of global vaccine makers were mixed on Tuesday, as investors assessed U.S. Health Secretary Robert F. Kennedy Jr.'s surprising decision to fire all 17 members of a key expert panel late on Monday. Shares of U.S. vaccine maker Moderna (MRNA-Q) fell 2 per cent while Novavax (NVAX-Q) was down marginally. Merck (MRX-N) and Pfizer (PFE-N) rose between 1.4 per cent and 2 per cent. European shares of AstraZeneca (AZN-Q) closed slightly higher, while BioNTech (BNTX-Q) closed marginally lower. Analysts and investors said that while the unprecedented dismissals of all members of the Advisory Committee on Immunization Practices (ACIP) represented a risk for vaccine makers, the weak performance of those stocks in 2025 suggested that Kennedy's skepticism around vaccines was already factored in. Shares of most big drugmakers are down in 2025, compared with a 2-per-cent gain in the S&P 500 index. Since his appointment as health secretary under President Donald Trump, Kennedy has made several changes to reshape the regulation of vaccines, food and medicine. However, firing members of the ACIP remains his most far-reaching move yet. 'For vaccine makers, policy risk has already been cemented into share prices,' Morningstar analyst Karen Anderson said, even though the move was sudden and went against the promises that Kennedy made to Senator Bill Cassidy before his appointment was confirmed. Mr. Kennedy's decision comes less than three weeks before the next panel meeting, where the committee is slated to discuss recommendations for who should receive vaccines for diseases like respiratory syncytial virus, or RSV. 'It seems difficult to refill the panel with experts before the June 25th meeting,' said Jeff Jonas, portfolio manager at Gabelli Funds. 'But it's clearly going to be more difficult and more expensive to get future vaccines approved, and I'd expect to see less industry focus and effort here,' Jonas added, despite recent positive news such as the limited approval of Novavax's COVID shot and Merck's RSV therapy. Some analysts expressed concerns that the new committee members, who have not been named, might be more sympathetic to Mr. Kennedy's views on vaccines, an idea shared by scientific experts and doctors. Although the makeup of a reconstituted ACIP is yet to be determined, 'new members will likely be sympathetic to at least some of RFK's beliefs regarding alleged dangers of vaccines,' Leerink analyst Daina Graybosch wrote in a note. Ms. Graybosch said that the move could negatively impact approved vaccine recommendations and increase the burden of evidence and costs for future vaccine development. It is unclear when Mr. Kennedy will announce the new members, who the agency said are under consideration, or whether the agenda will follow the meeting description posted on the Federal Register on Monday. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Robotic Process Automation Ignites Growth for USA Businesses with IBN Technologies
Robotic Process Automation Ignites Growth for USA Businesses with IBN Technologies

Globe and Mail

time30 minutes ago

  • Globe and Mail

Robotic Process Automation Ignites Growth for USA Businesses with IBN Technologies

"Robotic Process Automation [USA]" Explore the rising impact of Robotic Process Automation in the USA, highlighting its role in modernizing financial and operational workflows. Readers will gain insights into how intelligent automation is enabling businesses to enhance efficiency, improve accuracy, and adapt to evolving market demands. Learn how IBN Technologies delivers customized Robotic Process Automation solutions customized for various industries to drive future-ready growth. Miami, Florida - 10 June, 2025 - Strategic adoption of RPA combined with artificial intelligence is gaining momentum across the United States as companies and industries advance their operational capabilities. From finance and healthcare to retail and logistics, organizations are integrating robotic process automation and other intelligent technologies to keep pace with evolving market demands and increasing speed of business. This growing trend signals a shift in how work gets done, transforming routine tasks into automated processes that free teams to focus on higher-value activities. As this wave of automation gains momentum, many leaders are exploring how AI and automation can reshape workflows, enhance agility, and unlock new opportunities within their organizations. The rapid adoption of AI-enabled automation across sectors invites businesses to reimagine their operations and consider what automation could mean for their future growth and competitiveness. With this evolving landscape, companies like IBN Technologies highlight the expanding role of RPA in finance in shaping tomorrow's business environment. Transform operations with smart solutions. Get a Free Consultation: Tackling Key Automation Challenges Financial institutions across the United States are embracing automation and artificial intelligence to accelerate operations and improve decision-making. RPA supports streamlined workflows, faster execution, and enhanced data accuracy. These technologies help firms stay agile and responsive in a dynamic market environment. Outdated legacy infrastructure slows automation of deployment across departments. Heightened data security requirements accompany expanded digital workflows. Uniformly scaling automation solutions remains a complex task. The demand for skilled automation professionals exceeds the supply. Limited employee awareness can slow adoption efforts. Compliance mandates require rigorous controls over automated processes. Financial leadership seeks transparent return on investment to justify automation of investments. Fragmented systems obstruct efforts to standardize financial operations. Integration gaps create inconsistencies in automation performance. While these obstacles pose challenges, automation solutions are no longer rigid or one-dimensional. RPA is increasingly offered as a service, enabling companies to adopt flexible, scalable platforms tailored to their specific operational contexts. Firms such as IBN Technologies provide these customized automation frameworks, designed to meet industry demands, organizational setups, and compliance regulations, helping enterprises simplify complexity, enhance productivity, and maintain agility in today's evolving digital landscape. Driving Operational Excellence Through Automation As industries across the U.S. advance, the momentum behind automation continues to accelerate. From optimizing workflows to enabling swift, data-driven decisions, organizations are prioritizing intelligent automation as a key strategic asset. Robotic process automation solutions emerge as foundational technologies that support agile, interconnected, and efficient business environments. • Organizations accelerate outcomes through automation-enabled processes and comprehensive automation services. • Real-time data insights enable faster, confident decisions. • Integrated platforms encourage consistent collaboration across teams. • Digital workflows increase transparency across critical operations. • Standardized procedures foster smooth coordination between departments. • Intelligent automation supports compliance with accurate task execution. • Leadership values solutions demonstrating measurable business impact. • Scalable systems empower growth aligned with organizational goals. • Flexible integrations enhance preparedness for ongoing digital transformation. • Customized workflows evolve in line with shifting priorities. Expert guidance is essential for navigating automation. With the right support, businesses can turn strategy into measurable impact. As a trusted partner, companies like IBN Technologies deliver tailored automation solutions, combining seamless integration and intelligent workflows to help organizations advance with agility, precision, and control. 'One strategic decision in automation can elevate an organization's competitive edge. Collaborating with experienced experts ensures automation delivers the exceptional results companies expect,' says Ajay Mehta, CEO of IBN Technologies. Demonstrated Success Through Expertise Across multiple industries in the USA, organizations have partnered with IBN Technologies to implement tailored RPA solutions, driving significant gains in operational efficiency and competitive advantage. By embedding RPA into their workflows, these companies have strengthened their market positions. The influence of RPA in finance and accounting stands out, enabling faster, more precise decision-making and streamlined processes. By adopting RPA, industries in the U.S. have accelerated their operations by over 30% More than 40% of RPA-enabled companies report stronger real-time decision-making across business functions. Organizations adopting RPA have seen a 25% average decrease in operational expenses. The trajectory of business aligns with automation. As industries deepen their adoption of this transformative technology, opportunities for elevated productivity, insightful decision-making, and sustained growth continue to expand. With customized robotic process automation solutions, companies are well-prepared to adapt to evolving market demands. IBN Technologies remains a leader in delivering tailored RPA services that equip businesses to innovate and reach new milestones of success in today's competitive global landscape. Financial Excellence with Automation The rise of RPA is revolutionizing how financial operations are managed across industries in the United States. By integrating intelligent automation into accounting and finance, organizations significantly reduce manual workloads while improving data accuracy and compliance. This transformation enables faster processing of transactions, enhanced reporting capabilities, and streamlined workflows that adapt to shifting business needs. Beyond efficiency gains, RPA empowers finance teams to focus on strategic initiatives by automating routine tasks and minimizing errors. As businesses face increasing pressure to maintain agility and meet regulatory standards, intelligent process automation delivers a scalable and adaptable solution. Companies embracing these technologies are not only boosting productivity but also building resilient infrastructures that support future growth. Trusted providers like IBN Technologies serve customized RPA solutions designed specifically for finance functions, helping enterprises unlock new levels of operational excellence and competitive advantage in a rapidly evolving market. Intelligent Process Automation: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:

Timberlake, League, and Brooks Earn Prestigious Ranking in 2025 Best Law Firms® Awards
Timberlake, League, and Brooks Earn Prestigious Ranking in 2025 Best Law Firms® Awards

Globe and Mail

time30 minutes ago

  • Globe and Mail

Timberlake, League, and Brooks Earn Prestigious Ranking in 2025 Best Law Firms® Awards

"'Our team is thrilled to receive this recognition once again,' said Michael Timberlake, senior partner at the firm. 'What makes this accolade so special is that it's based entirely on peer reviews, client feedback, and professional excellence—reflecting our unwavering commitment to serving our clients. We owe this honor to the trust our clients place in us and the tireless dedication of our talented legal team.'" Timberlake, League, and Brooks, a prominent personal injury law firm based in Huntsville, Alabama, has been named among the 2025 Best Law Firms®, a prestigious ranking by Best Lawyers® that highlights excellence in legal services across the United States. This recognition underscores the firm's commitment to providing unparalleled advocacy for their clients, a standard they have upheld for over 15 years. National and Regional Recognition This year, Timberlake, League, and Brooks achieved distinction for their superior legal expertise in three key practice areas: Personal Injury Litigation – Plaintiffs Medical Malpractice Law – Plaintiffs Workers' Compensation Law – Claimants Additionally, the firm received a Metropolitan Tier 1 – Huntsville designation, affirming its position as one of the most trusted legal teams in Alabama. This recognition places Timberlake, League, and Brooks among an elite group of firms offering exceptional service at both the regional and national levels. A Legacy of Excellence For more than 15 years, Timberlake, League, and Brooks have earned consistent accolades for professional integrity and client-first service from independent organizations such as Best Lawyers®. The firm's continued presence on the Best Law Firms list highlights their ability to balance legal expertise with personalized care. The rigorous selection process for Best Law Firms includes evaluations of performance based on client feedback, peer reviews, and detailed analysis of the firm's professional achievements. This methodology ensures that firms meeting the highest ethical and professional standards are recognized each year. About Timberlake, League, and Brooks Specializing in personal injury, medical malpractice, and workers' compensation law, Timberlake, League, and Brooks focuses on representing plaintiffs who have been injured due to negligence or wrongdoing by others. Their mission is to secure fair compensation and justice for injury victims in Huntsville and across Alabama. Commitment to Clients The firm's client-first approach has been the key to its continued success. Timberlake, League, and Brooks emphasize transparent communication, empathy for their clients' experiences, and meticulous preparation for every case. Clients can trust the firm for its unmatched legal expertise and a compassionate team dedicated to their recovery and justice. For more information about Timberlake, League, and Brooks' award-winning services, visit their website at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store