Fengate Capital Management
Acted for Fengate Capital Management in its acquisition (and related financing) of the Freeport Energy Center, a 260 MW natural gas-fired, combined-cycle cogeneration power plant, from Calpine Corporation.
Plenary Americas
Acting for Plenary Americas, a leading investor, developer and operator of public infrastructure in North America, in its sale to Caisse de dépôt et placement du Québec.
Innovate Energy
Acted for Innovate Energy, a consortium consisting of ENGIE Services Canada, PCL Constructors Canada, PCL Investments Canada and Black & McDonald, in its contract to modernize, maintain and operate the district energy system that heats 80 buildings and cools 67 buildings, including the Parliament buildings, in Canada's capital region. This mandate is part of the Government of Canada's Energy Services Acquisition Program and it will contribute to the Government's goal to reduce its energy consumption and greenhouse gas emissions from its own operations by 40% by 2030.
Stonebridge Financial Corporation
Acted for Stonebridge Financial Corporation in the term financing of two 10 MW operating wind generation projects owned by Musselshell Wind Project LLC in Montana.
CBHP Limited Partnership
Acted for CBHP Limited Partnership in its approximately $750-million contract to design, build, finance and maintain the Corner Brook Acute Care Hospital Project in Corner Brook, Newfoundland. The new facility will be attached to the Corner Brook Long Term Care Hospital and will be seven storeys, 600,000 square feet and have 164 beds. Over the course of construction, which is expected to be completed in 2023, the Government of Newfoundland and Labrador said it expects an estimated 4,000 person years of employment and $460 million in GDP to be created.
Vance Street Capital LLC
Acted for Vance Street Capital LLC, a Los Angeles-based private equity firm, and its portfolio company R.S.T Instruments in the acquisition of Measurand Group, a leading designer and manufacturer of geotechnical instrumentation based in Fredericton, New Brunswick.
Plenary PCL Properties Gatineau
Acted for Plenary PCL Properties Gatineau on the closing of its contract to design, build, finance, maintain and operate a new preservation facility in Gatineau, Québec. The new preservation facility has a construction cost of approximately $330 million, and is the first "net-zero carbon" facility dedicated to archival preservation in the Americas as well as the first federal building constructed to the requirements of Canada's Greening Government Strategy.
The Manufacturers Life Insurance Company
Acted for The Manufacturers Life Insurance Company, as (i) senior lender, in the incremental financing for Manulife's sale of Regional Power Inc., owner of the Bear Creek, Long Lake and White River hydroelectric projects; and (ii) project lender in connection with amendments to the existing project financing facilities.
Fengate Capital Management
Acted for Fengate Capital Management in its acquisition of the Heartland Petrochemical Complex's Central Utility Block (CUB) cogeneration facility from Inter Pipeline Ltd. and the project financing for the development, construction and operation of the CUB.
LA Gateway Partners
Acted for LA Gateway Partners in its approximately US$2-billion contract to design, build, finance, operate and maintain the Los Angeles International Airport (LAX) Consolidated Rent-A-Car Facility (ConRAC) development project. The development of the new facility will consolidate the operations of rental car agencies at LAX, which are currently spread across 23 separate properties surrounding the airport. Comprising 5.3 million square feet, the LAX ConRAC will be the largest ConRAC facility ever built.
Plenary Justice Abbotsford Limited Partnership
Acted for Plenary Justice Abbotsford Limited Partnership in its approximately $150-million contract to design, build, finance and maintain the Abbotsford Law Courts project in Abbotsford, British Columbia. The new 14-room courthouse will include Provincial Court and Supreme Court courtrooms, as well as judicial conference rooms and space for all necessary justice partners. The courthouse is British Columbia's first new courthouse in 20 years.
Hydroméga Services Inc.
Acted for Hydroméga Services Inc. in the acquisition of Cochrane Power Corporation's Cochrane Power Generating Station, a cogeneration facility equipped with a 30MW natural gas turbine and a 15MW biomass fuelled boiler and steam turbine.
Golden Ventures
Acted for Golden Ventures in connection with the formation of its third fund, Golden Ventures III, a leading seed-stage venture capital fund investing across North America.
EllisDon Infrastructure STV RER Inc.
Acted for EllisDon Infrastructure STV RER Inc. in its successful $254.5-million contract to design, build and finance the Stouffville Corridor Stations Improvement Project, in support of the Province of Ontario's GO Regional Express Rail (RER) program. The project includes upgrades to tracks, platforms, new pedestrian connections and amenities at the Milken, Agincourt and Unionville GO stations along the Stouffville Corridor.
CBCP Limited Partnership
Acted for CBCP Limited Partnership in its approximately $120-million contract to design, build, finance and maintain the Corner Brook Long Term Care project in Corner Brook, Newfoundland. The new facility will include approximately 150 long-term care, palliative and rehabilitative care beds and is expected to commence operations in the spring of 2020. This project is the first significant PPP project to reach commercial close in the Province of Newfoundland and Labrador.
Corob North America, Inc.
Acted for Corob North America, Inc. in its acquisition of all the shares of Novaflow Systems Inc., a world leader in the design and manufacturing of automated dispensing and batching systems.
Plenary Health Phase 1C LP
Acted for Plenary Health Phase 1C LP in its approximately $685-million fixed-price contract to design, build, finance and maintain the Centre for Addiction and Mental Health (CAMH) Phase 1C redevelopment project in Toronto, Ontario. The redevelopment project will see the construction of approximately 655,000 square feet of new build space contained in two modern buildings along Queen Street West in Toronto. The project is expected to achieve a Leadership in Energy and Environmental Design (LEED) Gold certification for design excellence and sustainability.
Manufacturers Life Insurance Company
Acted for the Manufacturers Life Insurance Company in connection with the term project financing of the BeamLight Solar Project, a 10-MW ground-mount solar project located in Georgina, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Manufacturers Life Insurance Company
Acted for the Manufacturers Life Insurance Company in connection with the term project financing of the Alfred Solar Project, a 10-MW ground-mount solar project located in Alfred and Plantagenet, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Plenary Health Vaughan LP
Acted for Plenary Health Vaughan LP in its $1.3-billion fixed-price contract to design, build, finance and maintain the new Mackenzie Vaughan Hospital in Ontario. The Mackenzie Vaughan Hospital will be the first hospital to be built in the city of Vaughan, and the first new hospital to be built in the York Region in the last 30 years. It will also be the first hospital in Canada to feature fully integrated "smart" technology to maximize information exchange.
Plenary Infrastructure Calgary LP
Acted for Plenary Infrastructure Calgary LP in its winning bid for the design, build, finance and maintenance of the City of Calgary's $174-million Stoney CNG Bus Storage and Transit Facility.
Plenary Roads Winnipeg Transitway LP
Acted for Plenary Roads Winnipeg Transitway LP in its winning bid for the design, build, finance, operation and maintenance of the City of Winnipeg's $467 million Southwest Rapid Transitway (Stage 2) and Pembina Highway Underpass Project.
TransEd Partners consortium
Acted for the TransEd Partners consortium, comprised of Fengate Capital Management Ltd., Bechtel Development Company, Inc., EllisDon Capital Inc. and Bombardier Transportation Canada Inc., in its winning bid in excess of $1.8 billion for the design, build, finance, operation and maintenance of the City of Edmonton's Valley Line Light Rail Transit Project, which is the city's first public-private partnership project. The Valley Line is the largest single infrastructure project in Edmonton's history. Davies acted as lead transaction counsel for the consortium, including in the negotiation of the project documents with the City of Edmonton, the design-build documentation with the design-build contractor (which includes vehicles on this project), the operation and maintenance documentation with the O&M contractor and the financing agreements with the lenders, as well as the shareholder arrangements between the equity investors. The financing included $394-million senior long-term amortizing bonds with final maturity date of September 30, 2050 and a $200-million senior construction period credit facility.
Port City Water Partners consortium
Acted for the Port City Water Partners consortium, comprised of Brookfield Financial Corp., Acciona Agua International, S.L. and North America Construction (1993) Ltd., in its winning bid in excess of $200 million for the design, build, finance, operation and maintenance of the City of Saint John Safe Drinking Water project, which is the city's first public-private partnership project. Davies acted as lead transaction counsel for the consortium, including in the negotiation of the project documents with the City of Saint John, the design-build documentation with the design-build contractor, the operation and maintenance documentation with the O&M contractor, and the financing agreements with the lenders, as well as the shareholder arrangements between the equity investors.
Manulife Financial Corporation
Acted for the Manufacturers Life Insurance Company in connection with the establishment of a $50-million multi-tranche term credit facility to finance the construction and long-term operations of the Rural Energy Solar Portfolio, which consists of 10 photovoltaic ground-mount solar projects located in Temiskaming, New Liskeard and Kingston, Ontario, and is owned by Rural Energy Limited Partnership.
Manulife Financial Corporation
Acted for the Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Aria Solar Project, a 9-MW ground-mount solar project located in Springwater, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Manulife Financial Corporation
Acted for the Manufacturers Life Insurance Company and Caisse de dépôt et placement du Québec in the$197.2-million project financing of the 40.6-MW Big Silver Creek hydroelectric facility in British Columbia.
The Blackstone Group
Acted as Canadian counsel to The Blackstone Group in connection with the acquisition of GE Capital Real Estate's assets in a transaction valued at approximately US$23 billion.
Plenary Group
Acted for Plenary Health Milton LP, which was awarded a contract by Halton Healthcare to expand and maintain the Milton District Hospital, a $512-million project located in Milton, Ontario.
Plenary Group
Acted for Plenary Infrastructure ERMF GP, which was awarded a contract by Metrolinx to design, build, finance and maintain the new East Rail Maintenance Facility, a $859.2-million project located in Whitby, Ontario.
Manulife Financial Corporation
Acted for a group of lenders, comprising the Manufacturers Life Insurance Company, the Caisse de Dépôt et placement du Québec and the Canada Life Assurance Company, in connection with the $491.6-million non-recourse construction and term project financing for the Upper Lillooet River and Boulder Creek run-of-river hydroelectric projects owned by Innergex Renewable Energy Inc. and Ledcor Power Group Ltd.
BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
Acted for a syndicate of underwriters co-led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. in connection with the $115-million bought deal public offering of trust units of Milestone Apartments Real Estate Investment Trust.
Manulife Financial Corporation
Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the RayLight Solar Project, a 10 MW ground-mount solar project located in Wyebridge, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Plenary Health Swift Current Limited Partnership
Acted for Plenary Health Swift Current Limited Partnership, which was awarded a contract by the Cypress Regional Health Authority to design, build, finance and maintain the new Swift Current Long Term Care Centre, a $108.5-million project located in Swift Current, Saskatchewan.
Fortress Investment Group, LLC and Holiday Retirement
Acted for Fortress Investment Group, LLC and Holiday Retirement in connection with the sale of 29 Canadian senior living communities to Ventas, Inc.
Plenary Health Peel LP
Acted for Plenary Health Peel LP, in its successful bid to design, build, finance and maintain the new Peel Memorial Centre for Integrated Health and Wellness, a $491 million project located in Brampton, Ontario.
Northleaf Mid-Market Infrastructure Partners
Acted for Northleaf Mid-Market Infrastructure Partners in connection with a series of subordinated loans made available to the consortium on the Colorado US 36 Express Lanes Project. The subordinated debt proceeds complement a US$60-million TIFIA loan from the U.S. Department of Transportation; a US$20-million tax-exempt private activity bond ("PABs") issue; US$2 million in net construction revenues; and a US$41-million capital contribution from the State of Colorado.
Plenary Justice Okanagan Limited Partnership
Acted for Plenary Justice Okanagan Limited Partnership, which was awarded the $192.9-million contract by The Ministry of Justice, The B.C. Corrections Branch and the British Columbia Ministry of Technology, Innovation and Citizens' Services to design, build, finance and maintain the 378-cell, high security facility, Okanagan Correctional Centre, located near Oliver, British Columbia.
BMO Nesbitt Burns Inc. and CIBC World Markets Inc.
Acted for a syndicate of underwriters led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. in connection with the $69.1-million bought deal public offering of trust units of Milestone Apartments Real Estate Investment Trust.
Manulife Financial Corporation
Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Mighty Solar Project, a 10 MW ground-mount solar project located in Chesterville, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Manulife Financial Corporation
Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Val Caron Solar Project, a 10 MW ground-mount solar project near the City of Greater Sudbury, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Bureau Veritas SA
Acted for Bureau Veritas SA in connection with its $650-million acquisition of Maxxam Analytics International Corporation.
Hydroméga Services Inc.
Acted for Hydroméga Services Inc. in connection with a bridge financing and project financing provided by Sun Life Assurance Company of Canada for the development and construction of four hydro projects on the Kapuskasing River in Ontario developed in partnership with certain First Nations.
Manulife Financial Corporation
Acted for The Manufacturers Life Insurance Company in connection with the project financing for the Mont-Louis Wind Farm project near the municipality of Mont-Louis in the Gaspésie region of Québec.
Northleaf Capital Partners (Canada) Limited
Acted for Northleaf Capital Partners in the transition from an operationally independent TD Bank subsidiary to a fully independent global private equity firm. Northleaf's predecessor, TD Capital Private Equity Investors, was the private equity fund of funds and co-investment arm of TD Bank Financial Group, one of North America's leading financial institutions.
