What's New

Veritas Capital has entered into a definitive agreement to acquire BGIS and has acquired Saber Power and Trinity Consultants. CIBC Capital Markets is proud to have served as Initial Joint Lead Arranger and Joint Bookrunner to BGIS; Joint Lead Arranger and Joint Bookrunner to Saber Power; and Financial Advisor to Veritas on the acquisition of Trinity Consultants. Together, the transactions represent the Firm’s inaugural activity with Veritas and highlight CIBC’s growing momentum with a marquee financial sponsor and continued momentum in Global Leveraged Finance, Industrials Investment Banking and Financial Sponsor coverage.

CIBC Capital Markets’ Sanchita Thaker, CFA and Mathy Udayachandran will be among the panelists discussing the growth of storage deployment across Europe and how financing approaches are adapting to evolving revenue models at the Energy Storage Summit Europe 2026. The event is taking place on Thursday October 29 in Munich, Germany and will bring together policymakers, investors, utilities, and technology leaders to accelerate the role of battery storage in Europe’s energy transition.

Clearway Energy Group has successfully completed a US$1.5 billion financing for the construction of Swan Energy Center, a 650 MW solar facility located in Northwestern Bates County, Missouri. Developed to provide reliable, carbon-free energy and support regional load growth, the project is expected to generate enough electricity annually to serve approximately 200,000 homes. CIBC Capital Markets is pleased to have acted as Coordinating Lead Arranger, Administrative Agent, Sole LC Issuing Bank and Hedge Coordinator. As a leader in North American project finance and renewable energy financing, CIBC is pleased to help advance transformative energy infrastructure that supports both the clean energy transition and local economic development.

CIBC Capital Markets' Meadow W. will join other industry professionals on October 21 at the 2026 Global Data Centre & Cloud Expo in Canada, and will be moderating the panel discussion on "Financing the Future: Why Digital Infrastructure Has Become Mission Critical"

Altia Energy has successfully completed its acquisition of a 219 MW renewable generation portfolio from Isagen in Colombia. The acquisition doubles Altia Energy's installed capacity and diversifies its generation mix by adding 119 MW of hydroelectric capacity and 100 MW of solar capacity, strengthening its presence in Colombia's power sector. CIBC Capital Markets is pleased to have acted as buy-side M&A advisor to Altia Energy and supported the company with the acquisition financing.

Portakabin Limited has successfully completed a £1,865 million senior secured infrastructure-style refinancing to repay existing indebtedness, diversify funding sources through a combination of private placement investors and relationship banks, and support the Company's long-term growth and investment strategy. Portakabin is a leading lessor of premium modular building solutions, holding the number one market position in the UK and Ireland and a top-three position in Western Europe, serving critical end markets including education, healthcare, public infrastructure and commercial and industrial sectors. CIBC Capital Markets is pleased to have acted as Arranger and Hedge Counterparty

Earlier this month, CIBC Capital Markets’ Dominik Kania, CFA shared a lender’s perspective at a “Credit Fund NAV, ABL and Securitisation” panel at NAVigate 2026, an annual conference hosted by Haynes Boone and Walkers in London. The discussion touched on bank vs. non-bank capital solutions, growing role of the capital markets, continued growth of NAV as a later-stage liquidity tool, and the panel’s predictions for 2030. Joined by Colin Stewart of Arcmont Asset Management, Naoki Ohta of Velocity Capital Advisors, Andrew Traynor and Julia Keppe of Walkers, the panel explored both the challenges and the opportunities in what is this fast-evolving financing market.

CIBC Capital Markets' Jeff Appleby will join other panelists and industry professionals at SenbriGe 2026 in Toronto, to share insights on how demographic shifts, investor activity, and evolving financing conditions and care models are expected to shape the seniors living sector over the next 15 years.

energyRe has successfully completed a US$815 million construction-to-term financing for utility-scale solar projects. This financing package is comprised of five projects based in South Carolina – a collection of utility-scale solar projects totaling approximately 360 megawatts of new generating capacity across the Palmetto State. The financing is a giant step toward energyRe's goal of investing $2 billion in South Carolina by 2030. CIBC Capital Markets is pleased to have acted as one of the Coordinating Lead Arrangers. We are proud to have supported energyRe as it advances one of the most significant utility-scale solar portfolios in South Carolina, expanding critical energy infrastructure and helping drive the transition to a more reliable and sustainable power system.

CIBC’s Stefan Vatchev and Kalyani Panse participated in Inspiratia’s Investing in the Energy Transition 2026 conference in Milan, where they joined Europe’s leading investors, financiers, and policymakers to explore the financing trends shaping Italy’s low-carbon future. Discussions focused on the growing role of renewable energy, battery storage, and hybrid assets, while also examining how evolving market dynamics, regulation, and infrastructure challenges are influencing investment decisions in Italy.

Congratulations to Axium Infrastructure ("Axium") and Upper Peninsula Power Company ("UPPCO") on the acquisition of Xcel Energy’s regulated electric transmission and distribution utilities in Michigan (the "Transaction"). The Transaction will result in UPPCO adding 9,000 electric distribution customers, 470 miles of distribution lines and 110 miles of transmission lines, all immediately adjacent to UPPCO’s existing service territory in Michigan’s Upper Peninsula. CIBC is acting as exclusive financial advisor to Axium and also as Sole Placement Agent for Senior Notes issuances and Sole Lead Arranger, Sole Bookrunner, and Administrative Agent for Credit Facilities supporting the Transaction.

It was a great week at Sibos 2026 in Miami. Thank you to our clients and partners for your time and continued trust as we navigate how technology, collaboration and trusted infrastructure can deliver better outcomes across the financial ecosystem. This year’s conference highlighted a shift from exploring emerging technologies to putting them into practice, with AI, cross-border payments, and digital assets all moving toward more operational, scalable use cases. While at Sibos, CIBC was also recognized as the third-strongest bank in North America and the ninth-strongest bank in the world in the TAB Global 1000 World's Largest and Strongest Banks by Balance Sheet Strength (2026 Rankings). We remain focused on helping our partners navigate this increasingly digital, real-time, and interconnected markets. We look forward to building on this momentum and seeing everyone again at #Sibos2027

Congratulations to ATCO Ltd. on announcing a merger of equals between Emera Inc. and Canadian Utilities Limited and a concurrent spin-off of ATCO Ltd., creating a Canadian utility and energy infrastructure powerhouse, with a pro forma enterprise value of approximately $72 billion. This merger will help power Canada's growth ambitions, while continuing to invest in and grow its operations across its jurisdictions, including in the high growth markets of Alberta and Florida. The increased scale will position the company to support a range of capital-intensive priorities, electrification projects, major natural gas and electric transmission investments, large load customers, export infrastructure and other large-scale energy infrastructure projects. CIBC Capital Markets is pleased to have acted as Financial Advisor to the Special Committee of the Board Of Directors of ATCO Ltd.

Wittington Investments, Limited (“Wittington”) and Fairfax Financial have entered into a definitive agreement with The Boots Group to acquire Boots’ retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company and its Thailand and franchised businesses (collectively “Boots”), which are majority owned by Sycamore Partners, in partnership with Stefano Pessina and his family, for a total purchase consideration of US$8.9 billion. ​ CIBC Capital Markets is pleased to have acted as Lead Financial Advisor to Wittington and Joint Lead Left Arranger and Bookrunner on the committed financing.​

Congratulations to National Gas for the refinancing of their Revolving Credit Facility and GasT MidCo Limited's Debt Service Reserve Liquidity Facility. This refinancing supports National Gas' continued investment in Britain's gas network, providing secure energy to power the country, achieve Net Zero and maintain the UK's industrial competitiveness. CIBC Capital Markets is pleased to have acted as Mandated Lead Arranger on this transaction.

Last week, CIBC Capital Markets’ Dominik Kania shared key insights at the A&O Shearman Funds & Asset Management event, discussing the rapidly evolving fund finance needs of alternative asset managers amid a slower exit environment and renewed fundraising activity. Joined by Kate Baker of HSBC Asset Management, Bart van Dijk of ILPA, and Lukas Zeman of Campbell Lutyens, the panel explored the growing demand for innovative financing solutions, including hybrid, NAV, and CFO financings. They also discussed trends in GP-led continuation funds, the evolving roles of bank and non-bank lenders, and current market conditions. Hosted by Jan Sysel and Emma Danforth of A&O Shearman, the session highlighted both the opportunities and challenges facing the industry from the perspectives of lenders, GPs, advisors, and law firms. Thank you to everyone who attended and contributed to an engaging and insightful discussion.

Congratulations to Universities Superannuation Scheme for completing the acquisition of VTG Rail UK. With a fleet of ~4,500 rail freight wagons, VTG Rail UK is a leading freight lessor in the UK. CIBC is delighted to have underwritten USS' acquisition financing. Under USS’ ownership, VTG Rail UK will continue investing in growing its fleet and building on its strong customer base, while maintaining its focus on operational excellence, innovation and high-quality customer service.

Against a backdrop of shifting geopolitics, evolving trade dynamics, economic uncertainty, and growing national security considerations, we hosted clients and leaders from business, government, economics, and defence at an Executive Breakfast Meeting held at CIBC Square. The discussions explored how these forces are reshaping the operating environment for Canadian organizations. Thank you to all attendees and to our speakers, Major General (Ret.) Tammy Harris, Senator Leo Housakos, Benjamin Tal and the Hon. Lisa, who shared valuable insights on navigating an increasingly complex global landscape, building resilience amid supply chain and energy security challenges, and positioning businesses for long-term success in a rapidly changing world.

As we continue building a world-class team that will drive industry leadership and strong client outcomes in the rapidly evolving U.S. Power and Renewables sector, we are pleased to welcome Ricardo Pereira. Ricardo joins us as Managing Director and Head of US Project Finance Power and Renewables. Ricardo has extensive experience structuring and executing financings across the capital stack of power and renewables projects, helping us strengthen relationships with sponsors and investors across the market. Backed by deep industry experience and a strong leadership record, Ricardo and the team are well positioned to advance our power and renewables strategy, deepen client engagement, and strengthen CIBC Capital Markets’ position as a leader in this dynamic and strategically important sector.

Congratulations to ArcLight Capital Partners, LLC (“ArcLight”) and Olympus Power ("Olympus") on entering into a definitive agreement to sell a 100% interest in the 136 MW Bay Shore plant to Gate City Power for an undisclosed amount. ArcLight is a leading infrastructure investor which has owned and operated ~70 GW of power and 48,000 miles of transmission infrastructure. Olympus is a U.S. independent power producer which owns and manages ~5 GW of power plants. Gate City Power, and its sponsor Ara Partners, invest in, own and operate North American power generation assets. CIBC Capital Markets is pleased to have acted as Exclusive Financial Advisor to ArcLight and Olympus.