On July 10, 2017, Cogeco Communications Inc. (TSX: CCA), a Montréal-based communications corporation, announced that its subsidiary, Atlantic Broadband, had entered into a definitive agreement with Harron Communications LP to purchase all of its cable systems operating under the MetroCast brand name in a deal valued at US$1.4 billion. This transaction closed on January 4, 2018.
Caisse de dépôt et placement du Québec (“CDPQ”) has made a US$315 million equity investment for a 21% interest in Atlantic Broadband’s holding company, while the remaining balance of the purchase price and transaction costs were financed through a committed secured debt financing provided by two banks.
Osler, Hoskin & Harcourt LLP is representing CDPQ on the transaction, led by Niko Veilleux, with a team of lawyers that includes Hugo‑Pierre Gagnon, Chloe Cavaliere, Alix Morse and Marisa Corona (Corporate); and Paul Seraganian (Tax).
Key Contact
Partner, Corporate, Montréal
Team
Partner, Corporate, Montréal
