SNC-Lavalin completes the transfer of fifth Canadian asset into its Infrastructure investment vehicle

On June 28, 2018, SNC-Lavalin’s infrastructure investment fund, SNC-Lavalin Infrastructure Partners LP (the Fund), completed the previously announced transfer of a fifth Canadian infrastructure asset, the McGill University Health Centre in Montréal. This second transfer was completed for a total consideration of approximately $115 million, funded through the subscription of LP units by each of the partners of the Fund, BBGI SICAV S.A. (through a Canadian subsidiary) and SNC-Lavalin.

The Fund’s initial transfer of the first four Canadian infrastructure projects was completed on September 28, 2017. That transfer included projects in three provinces.

SNC-Lavalin was represented in-house by Louis Fleurent, Vice-President, Legal Affairs, Capital, and by Aron Halpern, Director, Commercial & Legal Affairs, Capital. Norton Rose Fulbright Canada LLP acted as counsel to SNC-Lavalin and to the Fund through its office in Montréal. Norton Rose Fulbright’s team was led by Elliot Shapiro and included David Crandall, Rachel Lesmerises, Derek Chiasson and Riccardo Lento.

McMillan LLP acted as counsel to BBGI, with a team that was led by Candy Saga and included John Clifford, Dharampreet Dhillon, Michael Friedman and Béatrice Méthé.

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