Blackstone Credit’s Partnership with Westland Insurance Group Ltd.


Osler, Hoskin & Harcourt LLP advised Blackstone Credit on the operation.

On January 12, 2021, Blackstone Credit and Westland Insurance Group Ltd. announced they have entered into a partnership. Under the transaction, Westland has refinanced its existing debt with new long term debt financing led by Blackstone. The new debt financing also includes a committed and undrawn debt facility for acquisitions. The partnership will allow Westland to accelerate its growth strategy and become a leading insurance brokerage in Canada.

Westland Insurance Group Ltd. is a Canadian independent property and casualty insurance broker focused on providing advice to home, business, farm life and auto insurance clients.

Blackstone Credit is a global credit focused asset manager specializing in generating risk adjusted returns across the corporate credit market from public debt to private loans.

The Osler team included Eric Levy (Picture), Brian Gray, Emery White (Corporate), Martha Martindale and Elizabeth Sale (Financial Services).

Involved fees earner: Brian Gray – Osler Hoskin & Harcourt; Eric Levy – Osler Hoskin & Harcourt; Martha Martindale – Osler Hoskin & Harcourt; Elizabeth Sale – Osler Hoskin & Harcourt; Emery White – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Blackstone;

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Author: Ambrogio Visconti