Weil has advised British Columbia Investment Management Corporation (“BCI”) and Bidco on the recommended cash offer and financing for BBGI Global Infrastructure SA (“BBGI”). The offer values the entire issued and to be issued share capital of BBGI at approximately £1.062 billion.

BBGI is a responsible infrastructure investment company and constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BCI is amongst the largest institutional investors in Canada, with CAD $250 billion in gross assets under management as of 31 March 2024. BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia public pension fund and institutional clients.

The Weil team was led by Private Equity partners Brendan Moylan and Murray Cox with support from associates Ian Davis, Simmy Sanghera and Xavier Khan. Financing aspects of the transaction were led by Finance partner Patrick Brendon supported by counsel Oliver Trotman and associate Asha Phakey. Incentives advice was provided by counsel Kevin Donegan and associate Lizl Loubser.