Brookfield Infrastructure and GIC to acquire Genesee & Wyoming Inc. for US$8.4B

Lead Office

Toronto

Value

8.40 Billion USD

On July 01, 2019, Brookfield Infrastructure, along with GIC Private Limited, Singapore's sovereign wealth fund, and Brookfield Infrastructure’s institutional partners (together, the “Consortium”) announced that, through their affiliates, they have entered an agreement to acquire Genesee & Wyoming Inc. in a transaction valued at approximately US$8.4 billion.

The transaction will include the purchase of issued and outstanding shares of Genesee & Wyoming, which will be converted into the right to receive US$112 per share in cash.

Genesee & Wyoming Inc. owns and leases 120 freight railroads, serving North America, Europe and Australia. Genesee & Wyoming's Europe operations include the UK's largest rail maritime intermodal operator and the second-largest freight rail provider.

Brookfield Infrastructure is a leading global infrastructure investor that owns and operates high quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe.

McCarthy Tétrault LLP is advising the Consortium with a team led by Jonathan See and Jake Irwin that includes Chanelle Bristol, Scott Bergen, David Blair, Isabelle Pépin-Lapointe, Andrea Kareclas, Alexandre Saulnier-Marceau and Paulina Bogdanova (Corporate/M&A), Joanna Rosengarten (Environment), Trever Lawson, Simmy Sahdra and Caroline-Ariane Bernier (Employment and Labour), Sarit Pandya (Real Property and Planning), Oliver Borgers and Michael Caldecott (Competition), Patrick McCay, Jaspreet Kaur and Justin Shoemaker (Tax), Eric Block and Kosta Kalogrios (Litigation) and Ian Mak (Financial Services).

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