A portfolio measured in gigawatts
Founded in 2012, Hecate said it has assembled more than 47 gigawatts of renewable and thermal power projects across eight U.S. power markets and 26 states. Since inception, the company has sold more than 12 gigawatts of projects and currently has over four gigawatts under exclusivity or in advanced sale negotiations.
That scale positions the company like a power grid in waiting — already mapped, partially built and ready to plug into rising demand.
Deal terms and leadership continuity
Under the agreement, Hecate carries a pre-money enterprise value of $1.2 billion. EGH’s trust account is expected to contribute up to $155 million to support portfolio development, potential shareholder redemptions and transaction costs.
Hecate’s existing management team is expected to continue leading the combined company, and current Hecate shareholders will roll 100% of their equity into the public entity, preserving alignment as the firm enters its next chapter.
Advisors line up behind the transaction
Cohen & Company Capital Markets is serving as financial advisor and lead capital markets advisor to EGH, with Seaport Global also acting as a capital markets advisor. PEI Global Partners is advising Hecate. Legal counsel includes Cahill Gordon & Reindel for Hecate and Allen Overy Shearman Sterling (US) for EGH.
