# Capital Power and Manulife acquire Midland Cogeneration facility for US$894M

Capital Power Corporation and Manulife Investment Management announced the acquisition of 100% of MCV Holding Company, which owns the 1,633 MW Midland Cogeneration Venture in Michigan, from OMERS for US$894 million including debt assumption. The transaction is expected to close in Q3 2022.

- Type: Acquisition
- Announced: 2022-07-12
- Where: Michigan, United States
- Value: $894.0M
- Status: announced
- Capacity: 1,633 MW
- Products: natural gas combined-cycle cogeneration
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Capital Power Corporation](https://endata.com/companies/22368.md) (acquirer)
- [Manulife Investment Management](https://endata.com/companies/64083.md) (acquirer)
- [OMERS Infrastructure Management Inc.](https://endata.com/companies/64084.md) (target)
- [MCV Holding Company](https://endata.com/companies/64085.md) (target)

## Sources

- [capitalpower.com](https://www.capitalpower.com/media/media_releases/capital-power-and-manulife-investment-management-announce-the-acquisition-of-the-midland-cogeneration-facility-in-the-united-states/), 2022-07-12: "The transaction provides immediate adjusted funds from operations (AFFO) accretion and is supported by highly contracted cash flows to 2030 and 2035 from long standing counterparties."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.