Back to all Representative Matters
Apr 21, 2016

Forum Signs Approximately $400M Definitive Agreement to Sell Part of its Canadian Infrastructure Portfolio

Forum Equity Partners reached financial close in the sale of part of its P3 portfolio to Fiera Infrastructure for approximately $400 million. The definitive purchase and sale agreement includes interests in five Canadian P3s in the social and civil sector, including: i) 100% equity stake in the Billy Bishop Toronto City Airport Pedestrian Tunnel, the Surrey Pre-trial Services Centre Expansion, the Windsor South West Detention Centre and a social housing project in Western Canada; and ii) a 50% equity stake in the Quinte Consolidated Courthouse.

Closing of the Billy Bishop Toronto City Airport Pedestrian Tunnel, Surrey Pre-trial Services Centre Expansion and Quinte Consolidated Courthouse sale was completed on April 19, 2016. The South West Detention Centre and social housing project in Western Canada transactions are anticipated to occur later in 2016, upon satisfaction of certain conditions precedent and receipt of all required consents.

Post-closing, Forum will maintain its role as the long-term asset manager of the portfolio assets through its subsidiary, Forum Equity Partners Management.

A&B represented Forum with a team that was led by Douglas Younger and included Heidi Visser, Lorway Gosse, Jesse Rosensweet, Patrick Oufi, Aaron Bains and articling student Alyssa Gebert.

Related Representative Matters

Representative Matters
Highway 104 Twinning Project Reaches Financial Close Douglas J. S. Younger, Heidi Visser, Ryan R. Chalmers, Jesse Rosensweet and Sarah Newman May 13, 2020 The Government of Nova Scotia and Dexter Nova Alliance reached financial close on the Highway 104 Twinning Project on May 6, 2020. The project includes $364 million for construction and structures, and $196 million for maintenance, rehabilitation and financing, with a total contract amount of app...
Representative Matters
Highway 427 Expansion Project Reaches Financial Close Douglas J. S. Younger, Heidi Visser, Lorway Gosse and Aarondeep (Aaron) S. Bains Mar 21, 2017

Infrastructure Ontario, Grupo ACS and Miller Construction reached financial close on the Highway 427 Expansion Project. The project has a capital cost of $363 million and is being financed through a bank-bond hybrid.

Representative Matters
Province of Saskatchewan Closes Joint-Use Schools Projects Douglas J. S. Younger, Heidi Visser and Lorway Gosse Aug 25, 2015 On August 20, 2015, the Province of Saskatchewan reached financial close on two bundled Joint-Use Elementary Schools Projects, collectively, the province’s largest school construction projects to date.