Brookfield and La Caisse acquire Boralex

On August 14, 2026, Brookfield Asset Management (“Brookfield”) and Caisse de dépôt et placement du Québec (“La Caisse”) completed the acquisition of Boralex Inc. (“Boralex”) in a take-private transaction by way of a plan of arrangement. Under the arrangement, Brookfield and La Caisse acquired all of the issued and outstanding Class A common shares of Boralex for cash consideration of $US37.25 per share. 

Brookfield is a global alternative asset manager with investments across renewable energy, private equity, real estate and credit.

La Caisse, based in Québec City, Québec, is a global institutional investment group focused on public markets, private equity, infrastructure, real estate and private credit.

Boralex, headquartered in Québec, is a renewable energy producer focused on the development, construction and operation of wind, solar and hydroelectric power facilities across Canada, the United States, France, and the United Kingdom.

McCarthy Tétrault LLP advised Brookfield with a team led by Hadrien Montagne, Jonathan See, Louis-Charles Filiatrault, Jacob Stone, Eve Tessier, Haiya Peng and Philippe April and included Alexis Hudon, Chris Zawadzki, Elisa Laxer, Chanelle Bristol, Sarah Chen, Amine Kanoun, Samantha Morel, Charles Morin, Benjamin Rivard, Rebecca Scott (Business Law), Ian Mak, Juliana Smith, Mehak Suri (Financial Services), Raj Juneja, Kabir Jamal, James Chang, Giorgina Chum (Tax), Jason Gudofsky, Gideon Kwinter (Competition/Antitrust & Foreign Investment), Isabel Henkelman, Mary Pagonis, Julianne Gu, Marie Doyle, Meg Heesaker, Rita Iafrate, Emily Ruvo (Real Property and Planning), Kimberly Howard, Laura Weingarden, Cindy Vaillancourt, Gwenyth Wren (Projects & Environmental Law), Kelleher Lynch, Julia Miller (Pensions, Benefits, & Executive Compensation), Conrad Lee, Jerry Lan (Technology), François Giroux, Geneviève St-Cyr Larkin (Litigation) and Robert Glasgow (International Trade).