find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Québec company makes Aussie acquisition

Québec company makes Aussie acquisition

Martin Irwin, Baker & McKenzie

A Canadian pension fund company has acquired 20 per cent of Plenary Group Holdings, which is headquartered in Australia, with advice from a global firm.

Firms: Baker & McKenzie (Caisse de dépôt et placement du Québec); MinterEllison (Plenary Group Holdings)

Deal: Caisse de dépôt et placement du Québec acquired 20 per cent of Plenary Group Holdings.

Value: Confidential

Area: M&A

Key players: The Baker & McKenzie team was led by partner Martin Irwin (pictured), who was assisted by senior associate Chris Taylor.

Deal significance: Caisse de dépôt et placement du Québec (CDPQ) manages funds for public pension and insurance plans in the Canadian province of Québec, and had net assets of CA$248 billion at the end of 2015.

Plenary Group Holdings is an independent developer and manager of public infrastructure, headquartered in Australia.

Plenary Group Holdings has 13 projects in Australia that have a project capitalisation of more than AU$11 billion, as well as businesses in Canada and the US.

CDPQ has entered into an agreement to acquire a 20 per cent stake in Plenary Group Holdings.

As part of this transaction, Plenary Group Holdings will issue new shares giving Plenary Group Holdings additional capital to fund future projects.

“We were delighted to advise CDPQ on such a significant transaction. This is an acquisition of a portfolio of interests in Australian and international public/private partnerships on a scale not seen before in the Australian market,” said Martin Irwin, lead Baker & McKenzie partner.

“This again highlights the strong appetite of Canadian and other institutional offshore investors for Australian infrastructure assets.”

CDPQ is a long-term partner of Plenary Group Holdings, having invested more than AU$200 million in seven Plenary Group Holdings-originated Australian projects since 2012, including the Victorian Comprehensive Cancer Centre, the AU$1 billion centre for excellence for cancer research and treatment, opened in June this year.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Québec company makes Aussie acquisition
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Papua New Guinea flag
06:04
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
06:03
Punishing offenders twice pointless, politicians warned
The president of the Law Society of NSW has warned legislators from other states about adopting cont...
Dec 13 2017
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...