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About Fiera Infrastructure

Fiera Infrastructure is an investor across all subsectors of the infrastructure asset class based in Toronto, Ontario.

Fiera Infrastructure Headquarter Location

1 Adelaide Street East Suite 2410

Toronto, Ontario, M5C 2V9,

Canada

416-646-2707

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Latest Fiera Infrastructure News

Fiera Infrastructure Completes the Acquisition of Cube District Energy, a Premier US Landfill Gas-to-Energy Platform

Dec 16, 2021

Cube District Energy will be renamed Captis Energy December 15, 2021 06:12 PM Eastern Standard Time NEW YORK & MIAMI--( BUSINESS WIRE )--Fiera Infrastructure Inc. (“Fiera Infrastructure”), a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital”), announced today that it has acquired 100% of the equity interests in Cube District Energy (“Cube”), a premier US landfill gas-to-energy platform, from I Squared Capital. Cube provides customers with dispatchable renewable power by capturing and repurposing methane emitted by landfills, reducing greenhouse gas emissions and providing an alternative to fossil fuel resources. Cube owns and operates eight assets across the Southeast region of the United States, all under long-term contracts with investment grade counterparties. One of the facilities supplies electricity, steam and chilled water to a corporate entity, while the other seven assets supply power to premier electric utilities. Cube will be renamed Captis Energy, following the completion of the transaction. Alina Osorio, President of Fiera Infrastructure, commented: “Cube is a leading operator of landfill gas-to-energy assets in the United States, offering a replacement for fossil energy sources while supporting methane reduction targets and clean energy initiatives. We believe that the company is well positioned, with a strong management and operations team, to expand its current footprint through scale acquisitions and new development, including both landfill gas-to-power and RNG production projects. We are excited to add this platform to our existing portfolio of high-quality infrastructure assets and support its growth.” Thomas Lefebvre, Partner of I Squared, remarked: “Under I Squared’s ownership, Cube District Energy executed various operational initiatives that have positioned the company well for its next chapter of growth. We wish Chris Eastgate and his team every continued success and congratulate Fiera on the transaction.” Chris Eastgate, Chief Executive Officer of Cube, said: “I Squared’s ownership and leadership positioned Cube District Energy as a sustainable platform business in the renewable energy sector. Together with our new owners, Fiera, and a committed team at Cube District Energy, I look forward to building on this platform, continuing to grow a successful core business and leveraging off this into adjacent renewables activities.” Moelis & Company LLC acted as financial advisor and Allen & Overy LLP as legal advisor to Fiera Infrastructure on this transaction. Houlihan Lokey Inc. acted as financial advisor and Troutman Pepper LLP as legal advisor to I Squared Capital on this transaction. About Cube District Energy Founded in 2014 and headquartered in Atlanta, Georgia, Cube owns and operates seven landfill gas-to-power assets and one cogeneration asset across the southeastern United States. About Fiera Infrastructure Fiera Infrastructure is a leading global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class. Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in Toronto, London and New York. Fiera Infrastructure has assets under management and commitments of C$3.0 billion as of September 30, 2021. Fiera Infrastructure has invested in 40 infrastructure assets across utilities, telecommunications, transportation, renewables and PPPs. For further information, please visit www.fierainfrastructure.com . Follow Fiera Infrastructure on LinkedIn . About Fiera Capital Corporation Fiera Capital is a leading independent asset management firm with approximately C$180.8 billion in assets under management as of September 30, 2021. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital’s depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. For further information, please visit www.fieracapital.com . Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR). In the U.S., asset management services are provided by the Firm’s U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult this webpage . Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at www.sedar.com . About I Squared Capital I Squared Capital is an independent global infrastructure investment manager with over $32 billion in assets under management focusing on energy, utilities, digital infrastructure, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, London, Miami, New Delhi, and Singapore. Disclaimer This document is for information purposes only and does not constitute an offering of any security, product, service or fund. This document does not take into account any investor’s investment objectives, strategies, tax status, or investment horizon. This document does not constitute investment advice and may not be used in making any investment decision. This document contains only summary information and no representation or warranty, express or implied, is or will be made in relation to the accuracy or completeness of the information contained herein, by Fiera Capital Corporation, Fiera Infrastructure, or any of their respective affiliates or funds. Some of the statements contained in this document are, or may be deemed to be, “forward-looking statements”. Forward-looking statements are not guarantees of future performance. Past performance is no guarantee of future results. Should any of the descriptions or terms in this document be inconsistent with any applicable governing documents, such documents shall prevail. United Kingdom: This document is issued by Fiera Capital (UK) Limited which is authorised and regulated by the Financial Conduct Authority. Fiera Capital (UK) Limited Queensberry House, 3 Old Burlington Street, London W1S 3AE, UK. Tel: + 44 (0)20 7518 2100 www.fiera.com European Economic Area (EEA): Fiera Capital (Germany) GmbH (“Fiera Germany”) offers, as a tied agent for the account and under the liability of Netfonds Financial Service GmbH, Heidenkampsweg 73, 20097 Hamburg (NFS), investment brokerage of financial instruments. NFS is a securities institute in accordance with Section 2 (1) WpIG and has the necessary licences from the Federal Financial Supervisory Authority (BaFin). As a tied agent of NFS Netfonds Financial Service GmbH, Fiera Germany are entered in the public register maintained by BaFin at www.bafin.de . Fiera Capital (Germany) GmbH Walther-von-Cronberg-Platz 13, 60594 Frankfurt, Germany Tel: +49 69 9202 075-0 Contacts

Fiera Infrastructure Investments

1 Investments

Fiera Infrastructure has made 1 investments. Their latest investment was in Conterra Networks as part of their Secondary Market on May 5, 2019.

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Fiera Infrastructure Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/1/2019

Secondary Market

Conterra Networks

Yes

2

Date

5/1/2019

Round

Secondary Market

Company

Conterra Networks

Amount

New?

Yes

Co-Investors

Sources

2

Fiera Infrastructure Acquisitions

3 Acquisitions

Fiera Infrastructure acquired 3 companies. Their latest acquisition was Conterra Networks on June 30, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/30/2020

Debt

$99M

$365M

Acq - Fin - II

4

6/7/2018

Debt

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$99M

$99M

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10

4/30/2018

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$99M

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10

Date

6/30/2020

6/7/2018

4/30/2018

Investment Stage

Debt

Debt

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$365M

$99M

Note

Acq - Fin - II

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Sources

4

10

10

Fiera Infrastructure Service Providers

1 Service Provider

Fiera Infrastructure has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin - II

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - Fin - II

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

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