Bain Capital held initial (or final) close for its fifth Asia focused buyout fund. Canadian investors, including British Columbia Investment Management Corporation (BCI) and CPP Investments, committed US $377M as part of the close. Stikeman Elliott LLP acted as Canadian legal counsel to Bain Capital.
CDPQ, OMERS, AIMCo, HOOPP, PSP Investments, CPP Investments received $35M in commitment fees in connection with their $1B equity investment in Bank of Montreal (TSX/NYSE: BMO). BMO Nesbitt Burns/BMO Capital Markets and Osler, Hoskin & Harcourt LLP acted as financial and legal advisors to BMO.
Quebec and Ontario invested $144M and $180M in CDP Financial’s CDN $1.25N offering, with remaining 74% from unknown foreign investors whom Canadian securities regulators have no desire in knowing. Desjardins Securities led the offering. Davies Ward Phillips & Vineberg and Shearman & Sterling represented CDP and the agents respectively.
Canadian Financings DOTW: Inter Pipeline Ltd. (TSX: IPL) closed All-Canadian private placement of $1.25B of Senior Unsecured Notes led by CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc. Burnet, Duckworth & Palmer LLP acted as legal counsel to Inter Pipeline.