Northland Power, Inc.

Northland Power, Inc.

Northland Power, Inc.

Overview
Date Founded

1987

Headquarters

30 St. Clair Avenue West, 12th Floor, Toronto, ON, M4V 3A1, CAN

Type of Company

Public

Employees (Worldwide)

290

Industries

Power & Utilities
Alternative Energy

Company Description

Northland Power, Inc. engages in the development, building, owning, and managing wind facilities. It operates through the following segments: Offshore Wind, Thermal, On-shore Renewables, and Other. The Offshore Wind segment comprises Gemini, Nordsee One, and Deutsche Bucht projects. The Other segment includes investment income and administration activities. The company was founded by James C. Temerty in 1987 and is headquartered in Toronto, Canada.

Executives & Employees

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Chief Operations Officer

Vice President & General Counsel

Executive Vice President, Construction

Senior Director of Corporate Finance

Director-Communications

Vice President, Gas & Electricity Marketing

Manager-Investor Relations

Board of Directors

Chairman at Northland Power, Inc.

Partner at Miller Thomson LLP

Chair, National Electricity Markets Group at Borden Ladner Gervais LLP

Former Partner at PricewaterhouseCoopers LLP (Canada)

Distinguished Visiting Scholar at Ryerson University

Former Group Head-Technology & Operations at Bank of Montreal

Chief Executive Officer at Northland Power, Inc.

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Northland Power, Inc.
Owners & Shareholders
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CI Investments (CI) offers an array of mutual funds, including over 90 core funds. These funds include an array of portfolio managers who cover the full spectrum of investment styles and strategies focusing on various regions, asset classes and industries. CI also offers CI Corporate Class and T-Class. The T-Class seeks to provide predictable tax-deferred cash flows without sacrificing choice of investments. These funds include income, balanced, equity or managed solutions. The CI Corporate Class is suitable for clients investing outside of a registered plan and is designed to reduce tax liability. It also allows clients to draw tax-efficient cash flow from their investments through T-Class funds.CI’s G5 20 Series funds are guaranteed to distribute annual cash flow amounting to 5% of the guaranteed asset value of the investment for 20 years while maintaining equity exposure for growth potential. The G5 20 Series combines underlying funds managed by CI's portfolio managers with a risk management overlay to provide guaranteed cash flow for retirement.CI's segregated funds combine the advantages of mutual funds with the security of insurance. The policies for CI's segregated funds are issued by two insurance companies: Sun Life Assurance Co. of Canada and ivari. The funds cover all asset classes and investment styles and may be managed internally or by third party managers. CI offers managed account investment solutions based on strategic asset allocation. The Portfolio Series is designed to meet a variety of investor profiles, from income to maximum growth. Portfolios invest in a mix of CI mutual funds and are diversified by asset class, region and sector. CI's Portfolio Select Series offers a selection of model portfolios based on strategic asset allocation and are customized to meet each client's objectives. The Portfolio Select Series also uses the CI Corporate Class platform, allowing for true tax efficiency.In addition, CI offers access to alternative investments including deposit notes, labor-sponsored funds, hedge funds, closed-end funds and limited partnerships. These investments may have a negative correlation to traditional investments and are useful in providing additional diversification and risk management.

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Guardian Capital offers balanced fund mandates, specialty Canadian equity, fixed-income expertise, and investment management for US, international and global mandates. The firm mainly uses exchange-listed securities, securities traded over-the-counter, foreign securities, warrants, corporate debt securities, commercial paper, municipal securities, mutual funds and US government securities, options contracts on securities, futures contracts on intangibles, interests in partnerships investing in real estate and oil & gas interests to accomplish client objectives. Research is conducted by all members of the Canadian Equity Team. They look for catalysts that will positively influence the fortunes of a company which have not yet been fully recognized by the marketplace. To allow for open discussion and exchange among all tem members, Guardian Capital does not allocate their research efforts on a sector or industry basis.

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PCJ Investment Management focuses exclusively on building growth-oriented Canadian equity portfolios to meet each client's specific return and risk objectives. This approach combines PCJ's stock-picking skills with dynamic risk allocation to construct high quality portfolios designed to reduce risk and add value over time. The firm's investment process begins with an evaluation of global economic conditions, with the objective of determining which areas of the market have the potential to deliver the strongest medium-term performance. Securities are then selected on the basis of relative value within each sector, with a focus on growth characteristics such as earnings momentum, ROE and EPS revision. The portfolio is concentrated in a limited number of highly liquid holdings and uses dynamic risk allocation to lock in profits and reduce risk.The PCJ Canadian Large Cap Equity strategy typically includes 40-50 securities with market-caps greater than $1 billion. This strategy is offered through both segregated accounts and pooled funds and is suitable for clients seeking to achieve style diversification as part of a multi-manager structure.The PCJ Canadian Small Cap Equity strategy focuses on companies with market-caps of $100 million to $1.5 billion. The strategy includes between 60-70 securities.The PCJ Absolute Return Strategy is a fundamental equity-focused market neutral strategy that invests in long and short positions in listed securities. The strategy, diversified across sectors and market-caps, utilizes a bottom-up process that focuses on high-conviction ideas which individually seek to isolate and extract alpha.

Recent Transactions
Details Hidden

Northland Power, Inc. purchases House of Fraser Uk & Ireland Ltd. /Deutsche Bucht from House of Fraser (UK & Ireland) Ltd.

Details Hidden

Northland Power, Inc. issued Common Stock

Details Hidden

Boralex, Inc. purchases Northland Power, Inc. /Frampton Project from Northland Power, Inc.

Transaction Advisors
Underwriter

Advised onNorthland Power, Inc. issued Common Stock

Legal Advisor

Advised onNorthland Power, Inc. issued Common Stock

Underwriter

Advised onNorthland Power, Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Borden Ladner Gervais LLP

Legal Advisor

Partner at Borden Ladner Gervais LLP

Legal Advisor

Partner at Borden Ladner Gervais LLP

Clients

Independent Electric System Operator offers services, information and analysis to support Ontarios diverse electricity system. The company is headquartered in Toronto, Canada.

Key Stats and Financials As of 2017
Market Capitalization
$4.37B
Total Enterprise Value
$11.6B
Earnings Per Share
$0.85
Revenue
$1.38B
Net Profit
$161M
EBITDA
$980M
EBITDAMargin
71.22%
Total Debt
$7.39B
Total Equity
$1.46B
Enterprise Value Sales
8.4x
Enterprise Value EBITDAOperating
11.79x
TEVNet Income
71.74x
Debt TEV
0.64x
Three Year Compounded Annual Growth Rate Of Revenue
21.88%
Five Year Compounded Annual Growth Rate Of Revenue
30.59%
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