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QSL International Ltd. announces iCON Infrastructure LLP and CDPQ as new shareholders

Date Announced

February 23, 2024

Lead Office

Québec City

On February 23, 2024, QSL International Ltd. announced its entrance into a transaction with iCON Infrastructure LLP and CDPQ to become new shareholders, and with QSL management shareholders already active in the company's capital.

QSL is a North American port terminal and logistics operator headquartered in Québec, with a portfolio of 64 multi-purpose cargo terminals across Canada and the US. The business provides stevedoring services, tailor-made and innovative cargo handling solutions, transportation and marine services to its customers. Following the transactions close in mid-2024, QSL will remain headquartered in Québec.

iCON, headquartered in London, England, is an investment group that became independent in 2011 and focuses primarily on privately held investments in infrastructure assets in Europe and North America. iCON's portfolio consists of 48 companies across  infrastructure-related sectors, including transportation, utilities, telecommunications, energy and environment, and social infrastructure.

CDPQ is a public pension and insurance fund manager, located in Québec. CDPQ is active in major financial markets, private equity, infrastructure, real estate and private credit.

McCarthy Tétrault is advising QSL with a team led by Philippe Leclerc that includes Karl Bherer, Isabelle Chouinard and Joseph Gagnon (Business), Louis-Philippe Samson (Financial Services), Dominic Thérien (Competition/Antitrust), Cindy Vaillancourt and Amelia Fong (Environment), Véronique Wattiez-Larose and Eugen Miscoi (Intellectual Property and Privacy) and Alexandre Buswell (Labor & Employment).