Transactions & Cases Detail



Transaction/Case Details

John Laing plc acquires interests in PPP projects

DATE CLOSED

February 2, 2007

BUSINESS SECTOR

Healthcare

LEAD OFFICE

Toronto


OVERVIEW

On February 2, 2007, affiliates of John Laing plc acquired the indirectly held interests of Macquarie Bank Limited in the Vancouver General and Abbotsford Hospital public-private partnership (P3) projects. Under the purchase agreements, John Laing acquired an interest in two entities: Access Health Abbotsford, the company selected to design, build, finance and maintain the new C$355 million Abbotsford Regional Hospital and Cancer Centre, and Access Health Vancouver, the company selected to design, build, finance and maintain the C$95 million Gordon and Leslie Diamond Health Care Centre at Vancouver General Hospital. The total value of the transaction was C$75 million.

John Laing Group plc is a British developer and operator of privately financed, public sector infrastructure projects such as roads, railways, hospitals and schools through Public-Private Partnership and Private Finance Initiative arrangements.

McCarthy Tétrault LLP advised John Laing with a team that included Randal Huges and Oliver Borgers.

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Foreign Investment Group
read /

Infrastructure
read /

International Trade & Investment Law
read /

Projects
read /