NOVA Infrastructure, a middle-market infrastructure investment firm, has completed the purchase of UGE International Ltd., a community solar and battery storage business. On May 28, 2024, NOVA agreed to acquire approximately 70 percent of the common shares of UGE, a publicly traded entity listed on the TSX Venture Exchange. The transaction successfully received securityholder and regulatory approval.
Bennett Jones advised NOVA in this transaction.
The Bennett Jones team is led by John Mercury (Corporate) and Jon Truswell (Corporate), and includes Flutra Kacuri (Corporate), Marshall Haughey (Tax), Christine Plante (Employment), Luke Stretch (Real Estate), Jeremy Russell, Dane Patton (Financial Services) and Zirjan (Zee) Derwa (Competition/Investment Canada).
Read the transaction press release.