Ian Macdonald

Representative Work

Ian has recently been involved in the following matters:

• Counsel to Party City Holdco Inc. in the $174 million sale of the retail business and assets of its Canadian subsidiary, including 65 retail store locations in Canada, to Canadian Tire Corporation, Limited, as well as a long-term wholesale supply agreement in which Party City's wholesale business will provide Canadian Tire with consumer products [October 2019];
• Counsel to US-based global power leader Cummins Inc. in its cross-border acquisition of Hydrogenics Corporation of Mississauga, Ontario, with an approximate enterprise value of $290 million [September 2019];
• Counsel to Bombardier Inc. in the sale of its Q Series aircraft program assets to De Havilland Aircraft of Canada Limited (formerly Longview Aircraft Company of Canada Limited), an affiliate of Longview Aviation Capital Corp., for gross proceeds of approximately $300 million [June 2019]
• Counsel to Aleafia Health Inc. in connection with its acquisition of Emblem Corp. valued at $172.3 million at the time of announcement, pursuant to a court approved plan of arrangement under the provisions of the Canada Business Corporations Act [March 2019];
• Canadian counsel to The Riverside Company, a global private equity firm, on its acquisition of SureWerx, a leading supplier of professional tool, equipment and safety products for workers [November 2018];
• Advising New World Gaming Partners Inc., a joint venture between Macquarie Group Limited and Crown Limited (formerly Publishing and Broadcasting Limited) in connection with its acquisition of Gateway Casinos Income Fund, certain subsidiaries of Gateway Casinos Inc. and Star of Fortune Gaming (B.C.) Corp.;
• Advising Macquarie Securities (USA) Inc. in the formation of Macquarie Infrastructure Partners, a private equity fund focusing on infrastructure assets, and advising Macquarie Infrastructure Partners on various matters, including the acquisition of port assets in Nova Scotia and British Columbia, acquisitions of interests in Chicago Skyway, Indiana Toll Road, Dulles Greenway and South Bay Expressway, the acquisition of an interest in Aquarion Company, the acquisition by merger of an interest in Duquesne Light Holdings LLC, an electricity transmission and distribution company in the United States, and various other infrastructure acquisitions and financings;
• Advising Macquarie Essential Assets Partnership, a private equity fund focusing on infrastructure assets, on various matters, including the acquisition of AltaLink LP, the operator of a major transmission utility in Alberta, the acquisition and subsequent disposition of an interest in Michigan Electricity Transmission Company LLC, the operator of a major electricity transmission utility in the State of Michigan, the construction of a natural gas electricity generation plant in Western Canada, the refurbishment of the Sea to Sky highway between Vancouver and Whistler, British Columbia, the acquisition of the Edmonton Ring Road construction project, and the acquisition of an interest in Aquarion Company, a water and waste-water company in the United States;
• Advising British Energy plc and Bruce Power LP with respect to the sale of British Energy's entire 82.4% interest in Bruce Power to a consortium of Canadian investors including Cameco Corporation, BPC Generation Infrastructure Trust and TransCanada PipeLines Limited;
• Advising Bruce Power LP in connection with various matters;
• Advising various clients with respect to district energy matters, including energy services agreements;
• Advising the City of Vaughan and the Town of Markham in merging their electricity distribution companies (which jointly owned the distribution company of the Town of Richmond Hill) to form Ontario's third largest distributor now called PowerStream Inc.;
• Advising Fortis Inc. in its acquisition of Cornwall Street Railway, Light and Power Company Limited from Enbridge Consumers Energy Inc;
• Advising Macquarie Infrastructure Group with respect to two transactions involving 407 International Inc. In one transaction, MIG, through a Luxembourg incorporated subsidiary, acquired from a subsidiary of the Caisse de Depot, a subordinated convertible debenture which represents a fully diluted 16.13% interest in 407 International. In the other transaction, Cintra Concesiones de Infraestructuras de Transporte S.A., in which MIG indirectly holds a 40% equity interest, and an affiliate of Cintra acquired a fully diluted 5.97% of the common shares of 407 International from SNC Lavalin Inc.; and
• Advising Ontario Electricity Financial Corporation in the renegotiation of its portfolio of non-utility generation (NUG) contracts with independent power producers.