On July 27, 2017, the Caisse de dépôt et placement du Québec announced that it had acquired all of the Class A common shares of Boralex Inc. held by Cascades Inc., representing 17.3% of the outstanding shares for the amount of $287.5 million.
As part of the transaction, Boralex and la Caisse have agreed to explore partnership opportunities with respect to investing in future projects developed by Boralex that are in line with its growth strategy. La Caisse will appoint two independent directors to Boralex’s Board of Directors and will have pre-emptive rights with respect to future issuances of shares, subject to customary exceptions.
Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States. A leader in the Canadian market and France’s largest independent producer of onshore wind power, Boralex is recognized for its solid experience in optimizing its asset base in four power generation types - wind, hydroelectric, thermal and solar.
Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2016, it held $270.7 billion in net assets. As one of Canada’s leading institutional fund managers, la Caisse invests globally in major financial markets, private equity, infrastructure, real estate and private debt.
Fasken represented la Caisse with a team including Jean-Pierre Chamberland and Jean Michel Lapierre.
As part of the transaction, Boralex and la Caisse have agreed to explore partnership opportunities with respect to investing in future projects developed by Boralex that are in line with its growth strategy. La Caisse will appoint two independent directors to Boralex’s Board of Directors and will have pre-emptive rights with respect to future issuances of shares, subject to customary exceptions.
Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States. A leader in the Canadian market and France’s largest independent producer of onshore wind power, Boralex is recognized for its solid experience in optimizing its asset base in four power generation types - wind, hydroelectric, thermal and solar.
Caisse de dépôt et placement du Québec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2016, it held $270.7 billion in net assets. As one of Canada’s leading institutional fund managers, la Caisse invests globally in major financial markets, private equity, infrastructure, real estate and private debt.
Fasken represented la Caisse with a team including Jean-Pierre Chamberland and Jean Michel Lapierre.
