Caisse de dépôt et placement du Québec

Caisse de dépôt et placement du Québec, in its equity investment in Atlantic Broadband, a subsidiary of Cogeco Communications Inc., in relation to the acquisition of the MetroCast cable systems

Client

Caisse de dépôt et placement du Québec

Value

US$1.4 billion

Service

Mergers and Acquisitions

Date Closed

January 2018

Lead Office

Montréal


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).


Team
Niko Veilleux
Key Contact

Niko Veilleux

Partner, Corporate

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Hugo-Pierre  Gagnon

Hugo-Pierre Gagnon

Partner, Corporate

Chloe Cavaliere

Chloe Cavaliere

Associate, Corporate

Alix Morse

Alix Morse

Associate, Corporate

Marisa Corona

Marisa Corona

Associate, Corporate