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Fasken Martineau advises on IFR's 2006 European Loan of the Year

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January 23, 2007


On January 8, 2007, the 12th Annual International Financing Review Awards Gala was held in London, England. Fifteen hundred of the most senior investment banking professionals from around the world gathered to recognize and celebrate outstanding achievement in the industry.

The 2006 European Loan of the Year was bestowed upon the bank loan negotiated by a consortium which included Grupo Ferrovial of Spain, Caisse de dépôt et placement du Québec and GIC Special Investments of Singapore, in connection with its acquisition of BAA plc.

According to IFR, the consortium's £8.97 billion ($20.5 billion) acquisition of UK airport operator BAA "was the largest infrastructure acquisition financing ever undertaken in the debt markets". Even more significantly, it received the award for its innovative structure which really set it apart from others during the year and "set the standard for all subsequent deals".

Caisse de dépôt's legal team in connection with the loan was headed by Robert Côté, Vice President Legal Affairs Private Equity, assisted by Fasken Martineau, in particular Jim Lisson from London and David Lemieux and Gilles Carli (tax) from the Montréal office.