White & Case advises CDPQ on the French aspects of the acquisition of Innergex Renewable Energy Inc.

Global law firm White & Case LLP has advised institutional investor Caisse de dépôt et placement du Québec (CDPQ) on the French aspects of its definitive agreement with Innergex Renewable Energy Inc. (Innergex) to acquire all the shares in Innergex.

The transaction, which was unanimously approved by the Board of Directors of Innergex, represents a total enterprise value of CA$10 billion, including project-related debt and the repayment of Innergex's current debt and the redemption of all outstanding preferred shares and convertible debentures.

The closing of the transaction, which is expected by the last quarter of 2025, is subject to approvals from Innergex's common shareholders and other customary closing conditions, including regulatory approvals.

Listed on the Toronto Stock Exchange, Innergex is an independent renewable power producer, which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities in Canada, the United States, France and Chile, with a total gross installed capacity of 4,663 MW.

The White & Case team which advised on the transaction was led by partner Xavier Petet (Paris) and included partners Orion Berg, Jérémie Marthan, Jean-Luc Champy, Amaury de Feydeau, Brice Engel, Valérie Ménard and Diane Lamarche (all Paris), associates Valentin Morichon, Charles Assous, Kenza Tsouli, Rahel Wendebourg, Camille Fouqué, Pauline Abbouche, Alice Fialaire, Fairuz Ben Lahcen, Laïla Draz, Grégoire Baudry, Clément Bellaclas, Tamila Bellache, Victoire Segard and Pierre Romatet (all Paris) and international law clerk Louis Roussier (Washington, DC).

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