On August 19, 2024, WSP Global Inc., one of the world’s leading professional services firms, announced the completion of a $1.15 billion equity offering.
This offering, comprised of a public offering and a concurrent private placement of $575 million each, was completed following WSP’s announcement on August 12, 2024, of the acquisition of POWER Engineers, a prominent U.S. consulting firm with a leading presence in the Power & Energy (P&E) sector, for approximately $2.44 billion (US$1.78 billion). The net proceeds were intended to be used mainly in connection with the acquisition of the company.
Fasken represented the underwriters led by CIBC Capital Markets, National Bank Financial and RBC Capital Markets in connection with the public offering.
A Fasken team principally composed of Jean-Pierre Chamberland, Jean-Michel Lapierre, Sébastien Bellefleur, Marie-Christine Valois, Alexandra Freedman, and Lucas Noradounkian advised the underwriters led by CIBC World Markets Inc. for the bought deal public offering. Quentin Lageix and Youcef Belrachid assisted on the tax side, Annie Bernard, Nicolas-Karl Perrault, and Camille Peltier assisted with respect to professional services and Svetlana Samochkine and Marwan El-Sayegh assisted with bank financing matters.
