Gowling WLG advises lenders to iCON Infrastructure on $480-million acquisition of Capstone Infrastructure Corporation

29 April 2016

On April 29, 2016, iCON Infrastructure Partners III, L.P., a fund advised by London, U.K.-based iCON Infrastructure LLP, completed a statutory plan of arrangement involving Capstone Infrastructure Corporation, a Toronto Stock Exchange-listed infrastructure company owning a diversified portfolio of assets.

Pursuant to the plan, a subsidiary of iCON acquired all of the issued and outstanding Capstone common shares and Class B exchangeable limited partnership units of Capstone’s subsidiary, MPT LTC Holding LP, for $4.90 in cash per share or unit, as applicable. The total equity value of the transaction was approximately $480 million.
Gowling WLG represented the Canadian Imperial Bank of Commerce and The Bank of Nova Scotia, lenders to iCON, with a team led by Lilly Wong (financial services). The team also included Harold Chataway, Christine Marchetti and Lisa MacDonnell (financial services), Myron Dzulynsky and Kathleen Ritchie (business law), and Ash Gupta (tax).

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.