British Columbia Investment Management Corporation (BCI) has acquired 100 percent of the issued shares of BBGI Global Infrastructure SA in an all-cash £1 billion take-private deal. BCI is amongst the largest institutional investors in Canada. Its acquisition of BBGI was made by BCI's Infrastructure & Renewable Resources program, which invests in tangible long-life assets, and includes a portfolio of direct investments in companies across a variety of sectors spanning regulated utilities, energy, telecommunications, transportation, timberlands and agribusiness.
Bennett Jones is providing Canadian legal advice to BCI on this transaction.
The Bennett Jones team is led by Mia Bacic (Private Equity & Investment Funds), including Laura James (Private Equity & Investment Funds), David Little, Charlene Hiller, Larissa Sakumoto (Infrastructure), Adam Kalbfleisch, Zee Derwa, Mercy Liu (Competition/Antitrust), Simon Grant, Frances Wu and Sophie Schaffer-Wood (Banking & Secured Transactions) and Greg Johnson and Wes Novotny (Tax).