Mergers and Acquisitions

iCON Infrastructure in its investment in QSL

iCON Infrastructure
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Brian Gray

Partner, Corporate, Toronto

Chris Bennett

Partner, Financial Services, Toronto

Marta Rochkin

Partner, Financial Services, Toronto

Kevin Feng

Associate, Corporate, Toronto

Jessie Armour

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Jean-Philippe Dionne

Associate, Tax, Montréal

Rod Davidge

Partner, Real Estate, Toronto

Alexei Kovalev

Associate, Real Estate, Toronto

Vincent Brais

Associate, Real Estate, Montréal

Dakota Secours

Associate, Real Estate, Toronto

Jennifer Fairfax

Partner, Litigation; Regulatory, Indigenous and Environmental, Toronto

Evan Barz

Associate, Disputes, Toronto

Sven Poysa

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Carrington A. Hickey

Associate, Employment and Labour, Toronto

Christine Jackson

Partner, Franchise and Distribution, Toronto

Sam Ip

Partner, Technology, Toronto

Arsalan Ahmed

Associate, Technology, Toronto

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto

Asma Bouali

Transaction Services Lawyer, Osler Works - Transactional, Ottawa

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Alysha Pannu

Associate, Competition/Antitrust and Foreign Investment, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary

On February 23, 2024, QSL International Ltd. announced the arrival of new shareholders: funds advised by iCON Infrastructure LLP, CDPQ and the QSL management shareholders already active in the company’s capital.

QSL is a North American port terminal and logistics operator headquartered in Québec, with a portfolio of 64 multi-purpose cargo terminals across Canada and the US.

iCON is a long-term investor focused on infrastructure businesses in Europe and North America.

CDPQ is a global investment group which is already active in the QSL’s capital structure.

Osler, Hoskin & Harcourt LLP advised iCON Infrastructure with a team led by Alex Gorka and Brian Gray (Corporate) in respect to M&A and co-investment components of the transaction. Chris Bennett and Marta Rochkin (Financial Services) led the acquisition financing component of the transaction. The rest of the deal team included Kevin Feng, Amy Sigurdson, Jessie Armour (Corporate), Hayley Larkin (Financial Services), David Davachi, Jean-Philippe Dionne (Tax), Rod Davidge, Alexei Kovalev, Vincent Brais, Dakota Secours (Real Estate), Jennifer Fairfax, Evan Barz (Environmental), Sven Poysa, Irmak Aydemir, Carrington Hickey (Employment & Labour), Christine Jackson (Commercial), Sam Ip, Arsalan Ahmed (Technology), Sandra Sbrocchi, Sergey Stefanishin, Asma Bouali (Osler Works – Transactional), Lynne Lacoursière, Nick Guadagnolo (Executive Compensation), Shuli Rodal, Alysha Pannu (Antitrust & Foreign Investment), Adam Laroche and Gemma Devir (Privacy and Data Management).

Value
-
Date Closed
February 23, 2024
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Brian Gray

Partner, Corporate, Toronto

Chris Bennett

Partner, Financial Services, Toronto

Marta Rochkin

Partner, Financial Services, Toronto

Kevin Feng

Associate, Corporate, Toronto

Jessie Armour

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Jean-Philippe Dionne

Associate, Tax, Montréal

Rod Davidge

Partner, Real Estate, Toronto

Alexei Kovalev

Associate, Real Estate, Toronto

Vincent Brais

Associate, Real Estate, Montréal

Dakota Secours

Associate, Real Estate, Toronto

Jennifer Fairfax

Partner, Litigation; Regulatory, Indigenous and Environmental, Toronto

Evan Barz

Associate, Disputes, Toronto

Sven Poysa

Partner, Employment and Labour, Toronto

Irmak Aydemir

Associate, Employment and Labour, Toronto

Carrington A. Hickey

Associate, Employment and Labour, Toronto

Christine Jackson

Partner, Franchise and Distribution, Toronto

Sam Ip

Partner, Technology, Toronto

Arsalan Ahmed

Associate, Technology, Toronto

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto

Asma Bouali

Transaction Services Lawyer, Osler Works - Transactional, Ottawa

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Alysha Pannu

Associate, Competition/Antitrust and Foreign Investment, Toronto

Adam LaRoche

Associate, Privacy and Data Management; Employment and Labour, Calgary