CDPQ acquires 30% of Bombardier Transportation Holdco for US$1.5B

Date Closed

February 11, 2016

Lead Office

Montréal

Value

1.50 Billion USD

On February 11, 2016, Bombardier and Caisse de dépôt et placement du Québec (CDPQ) completed the acquisition by CDPQ of a US$1.5 billion convertible share investment in Bombardier Transportation’s newly-created holding company, Bombardier Transportation (Investment) UK LTD (“BT Holdco”), which, following the completion of a corporate reorganization, owns all of the assets of Bombardier’s Transportation business segment. BT Holdco will own all of the assets of Bombardier's current Transportation business segment, with its operational headquarters remaining in Germany.

Caisse de dépôt et placement du Québec is an institutional investor that manages several public and parapublic pension plans and insurance programs in Québec.

Bombardier Inc. is a Canadian multinational aerospace and transportation company.

McCarthy Tétrault advised CDPQ with a team led by Patrick Boucher, and including Stéphanie Lee, Sonia Struthers, Philippe Bélanger, James Farley, Jocelyn Perreault, Richard O’Doherty, Mathieu Dubord, John Boscariol, Christian Meighen, Marie-Soleil Landry, Charles-Antoine Soulière, Isabelle Nazon, Christopher Belval, Louis-Philippe Samson and Jacob Stone. David McAusland acted as senior strategic advisor.

CDPQ’s legal team was led by Marie Giguère, Executive Vice-President, Legal Affairs and Secretariat, and Sophie Lussier, Senior Director, Legal Affairs, Investment.

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