The Globe and Mail reports in its Thursday edition that Brookfield Asset Management and the Quebec's Caisse pension fund are buying Boralex for $3.8-billion, the latest in a series of renewable power acquisitions by deep-pocketed fund managers. The Globe's Andrew Willis and James Bradshaw write that on Wednesday, Montreal's Boralex announced it had accepted an offer to take the company private. "Two patient investors like Brookfield and the Caisse have the long-term view and expertise in our sector that offered the best way to realize our strategic goals," Boralex chief executive officer Patrick Decostre told The Globe. Brookfield owns a global renewable power business with 7,000 facilities and assets of $143-billion (U.S.). Mr. Decostre said being owned by Brookfield will give Boralex reliable access to capital, better prices on equipment and its first access to data centre owners such as Microsoft and Amazon, which are major consumers of power. Brookfield and the Caisse are offering $37.25 a share for Boralex, a 32-per-cent premium to its share price prior to media reports this week the company was up for sale. With debt included, the takeover is valued at $9-billion. The Caisse already owns 15 per cent of Boralex.