• Altius Minerals is the seller
• The transaction has a cash consideration of C$12 per share for a total consideration of about C$162m
• Northampton will hold 43 percent of issued and outstanding shares of ARR

Northampton Capital Partners has agreed to acquire Altius Renewable Royalties (ARR), a renewable energy royalty company, from Altius Minerals.

ARR has 35 renewable energy royalties representing around 2.6GW of renewable power on operating projects and an additional approximate 5.6GW on projects in construction and development phase, across several regional power pools in the US.

The transaction has a cash consideration of C$12 per share for a total consideration of about C$162 million, according to a release issued by Altius Minerals.

Following closing of the deal, Northampton will hold 43 percent of issued and outstanding shares of ARR and Altius Minerals will indirectly hold 57 percent of issued and outstanding shares.

The transaction is expected to close in the fourth quarter of 2024, subject to obtaining the required approvals and other customary closing conditions.

Northampton is an alternative asset management firm focused on infrastructure investments in the middle market, targeting the energy, digital, and other critical infrastructure sectors. It has offices in New York and Miami.

Altius Minerals is a diversified mining royalty and streaming company based in St John’s, Newfoundland and Labrador.

Kirkland & Ellis and Mintz are acting as counsel to Northampton.