iCON Infrastructure

iCON Infrastructure in its agreement to acquire Capstone Infrastructure for $480 million

Client

iCON Infrastructure

Value

$480 million

Service

Mergers and Acquisitions

Date Closed

April 2016

Industry

Infrastructure

Lead Office

Toronto


 

On January 20, 2016, Irving Infrastructure Corp., a subsidiary of iCON Infrastructure Partners III, L.P., a fund advised by UK-based iCON Infrastructure LLP, entered into a definitive arrangement agreement with Capstone Infrastructure Corporation. iCON Infrastructure is an independent investment firm focused on investments in infrastructure businesses across Europe and North America with over €1 billion under management.

The agreement provides for the acquisition of all issued and outstanding common shares of Capstone and Class B exchangeable units of Capstone’s subsidiary MPT LTC Holding LP for $4.90 cash per share or unit, as applicable. The acquisition will be completed by way of a plan of arrangement under the British Columbia Business Corporations Act. The total equity value of the transaction is approximately $480 million.

Osler is representing iCON with a team led by Christopher Murray and included Alex Gorka, Justin Dharamdial, Daniel Fombonne and Michele Qu (Corporate); Joyce Bernasek and Marta Rochkin (Financial Services); Jacob Sadikman, Elliot Smith and Marissa Kirsh (Construction); Firoz Ahmed and Drew Morier (Tax); Peter Glossop and Kaeleigh Kuzma (Competition).


Team
Alex Gorka

Alex Gorka

Partner, Corporate

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Joyce M. Bernasek

Joyce M. Bernasek

Partner, Financial Services

Marta Rochkin

Marta Rochkin

Associate, Financial Services

Jacob A.  Sadikman

Jacob A. Sadikman

Partner, Commercial

Elliot A. Smith

Elliot A. Smith

Partner, Commercial

Marissa Kirsh

Marissa Kirsh

Associate, Construction Law

Firoz Ahmed | Tax Lawyer in Toronto

Firoz Ahmed

Partner, Taxation

Drew Morier | International Tax Lawyer

Drew Morier

Partner, Taxation

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Kaeleigh Kuzma

Kaeleigh Kuzma

Partner, Competition/Antitrust & Foreign Investment