Northampton Capital Partners and Altius Renewable Unity

Northampton Capital Partners Announces Strategic Transaction

Northampton Capital Partners LLC has declared a significant agreement to collaborate with Altius Renewable Royalties Corp, paving the way for an exciting partnership in the renewable energy market. This arrangement showcases the firm’s commitment to investing in sustainable projects while driving growth in the critical infrastructure sectors.

Details of the Arrangement Agreement

Under the new arrangement, Northampton's affiliate, known as the Northampton Purchaser, aims to acquire the public float of Altius Renewable Royalties Corp (ARR) for cash consideration of C$12.00 per share. This strategic move not only highlights ARR’s potential but also aligns with Northampton's vision of fostering innovation in renewable energy.

Implications for Shareholders

The deal stipulates that all shareholders, excluding Altius Minerals, will benefit from receiving C$12.00 per each ARR Share. As part of this transaction, Northampton is set to hold a significant stake of 43% of ARR shares post-transaction, while Altius Minerals retains an indirect ownership of 57%.

Approval Process for the Transaction

The agreement will undergo a rigorous approval process as required by the Business Corporations Act. A special meeting, known as the Special Meeting, will be convened, during which shareholders must approve the transaction with a two-thirds majority vote and adhere to other stipulated requirements.

Support from Major Shareholders

Support for the transaction is robust, with various key stakeholders, known as Supporting Shareholders, committing to vote in favor of the arrangement. Together, they control about 81% of the ARR Shares, further solidifying confidence in the transaction.

The Role of Advisors

In preparation for this transaction, Northampton Capital Partners has enlisted top-tier advisors. National Bank Financial Inc. acts as the independent financial advisor, while legal counsel includes firms like McCarthy Tétrault LLP and Kirkland & Ellis LLP, ensuring a smooth navigation through legal and financial obligations.

About Northampton Capital Partners

Northampton Capital Partners LLC specializes in alternative asset management, targeting middle-market infrastructure investments. Founded by a team of industry veterans, the firm is on a mission to leverage its financial acumen to spur advancements across vital sectors such as energy and digital infrastructure.

About Altius Renewable Royalties Corp.

Altius Renewable Royalties Corp is leading the way in renewable energy investments, focusing on providing necessary capital for developers and operators. Representing a substantial power capacity across various projects, ARR is poised for future growth and contributions to the energy transition, pivotal in today's global landscape.

Frequently Asked Questions

What is the purpose of the arrangement agreement?

The arrangement aims to facilitate the acquisition of ARR by Northampton Capital Partners, focusing on enhancing investment in renewable energy.

How much will ARR shareholders receive?

Shareholders, excluding Altius Minerals, will receive C$12.00 for each ARR Share they hold.

What are Supporting Shareholders?

Supporting Shareholders are entities that have agreed to vote their shares in favor of the transaction, controlling approximately 81% of ARR Shares.

What is the timeline for the transaction?

The transaction is expected to close in the fourth quarter of 2024, pending all necessary approvals.

Who are the key advisors involved?

National Bank Financial Inc. serves as the financial advisor, while legal matters are handled by several prominent law firms including McCarthy Tétrault LLP.

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