Fengate and Lake Bridge announce sale of NRStor C&I
Torys acted as counsel to Fengate and Lake Bridge with a team that included Huw Evans, Emma Sako and Mike Meguid (corporate/M&A).
On March 4, 2020, Fengate Asset Management ("Fengate") and Lake Bridge Capital II, Inc. ("Lake Bridge") announced the sale of NRStor C&I L.P. ("NRStor C&I") to funds managed by Blackstone Energy Partners. Terms of the transaction were not disclosed.
Fengate's private equity team has been managing its investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada.
Further information can be found on Canada Newswire's website.
NRStor C&I, a former subsidiary of NRStor Inc., is an innovative distributed energy resources platform headquartered in Toronto, Canada, with over 200 MWh of operational, in-construction and contracted projects. The company provides energy-as-a-service to customers across North America through a turn-key build, own and operate business model.
Fengate is a leading alternative investment manager focused on private equity, infrastructure and real estate strategies, with over C$4 billion of capital commitments under management.
LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) is one of the fastest growing multi-employer pension funds across Canada, with a diverse investment portfolio and C$8 billion in assets.