Gowling WLG advises Fengate Capital on its acquisition of Carillion’s equity in Oakville Hospital

Gowling WLG advises Fengate Capital Management Ltd. on its acquisition of Carillion Canada’s equity interest in Oakville Trafalgar Memorial Hospital.

On July 12, 2016, Fengate Capital Management Ltd. announced its completion of the acquisition, by certain funds that it manages, of Carillion Canada’s 40 per cent equity interest in the Oakville Trafalgar Memorial Hospital project, and the rights to oversee the provision of facility management services at the hospital for the term of the contract. This acquisition brings the total equity investment by Fengate-managed funds in the Oakville Trafalgar Memorial Hospital to 90 per cent. 

The Oakville Trafalgar Memorial Hospital is the largest healthcare transaction project closed in Ontario with over $1.1 billion in capital raised at financial close. The project successfully reached substantial completion on July 31, 2015, and opened on December 13, 2015.

Fengate is a real asset investment firm that specializes in customized investment funds with a strategic focus on infrastructure, real estate and private equity. 

Gowling WLG advised Fengate Capital Management Ltd. with a team led by Paul H. Harricks that included Ash Gupta.