Caisse de dépôt et placement du Québec CA$250 Million Investment in Avison Young

DLA Piper represented Avison Young, a Toronto-based global commercial real estate services firm, in connection with a CA$250 million preferred equity investment in the firm by Caisse de dépôt et placement du Québec (CDPQ), a leading Canadian institutional fund manager.

Avison Young (Canada) Inc. provides commercial real estate services. The company, led by Mark E. Rose, focuses on providing investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.

Avison Young plans to use the funds to invest in acquisitions and recruitment, fueling the company’s ongoing growth of its global footprint and service-line capabilities. A portion of the proceeds will be used to repurchase the shares held by the firm’s current private equity partner, Parallel49 Equity, as well as shares of other non-management founders and former principals of the company.

The DLA Piper team representing Avison Young was led by partner Andrew Weil (Chicago) and included partners Neil Aizenstein (Chicago), Shmuel Klahr, Paolo Morante, Jack Kantrowitz (all New York) and Bertold Bär-Bouyssière (Brussels); and associates Emily McDermott, Josh Nosal, Tonya Gauff (all Chicago) and Kira Mineroff (New York).

Involved fees earner: Andrew Weil – DLA Piper; Neal Aizenstein – DLA Piper; Jack Kantrowitz – DLA Piper; Emily McDermott – DLA Piper; Josh Nosal – DLA Piper; Tonya Major Gauff – DLA Piper; Shmuel Klahr – DLA Piper; Kira Mineroff – DLA Piper; Bertold Bär-Bouyssiere – DLA Piper; Paolo Morante – DLA Piper;

Law Firms: DLA Piper;

Clients: Avison Young;

Author: Ambrogio Visconti