Caisse de dépôt et placement du Québec’s C$1.141 Billion Acquisition of Majority Stake in Énergir

McCarthy Tétrault advised Caisse de dépôt et placement du Québec on the transaction.

On June 7, 2021, Caisse de dépôt et placement du Québec (“CDPQ”) announced a increase in its majority interest in Énergir through the acquisition of Enbridge’s 38.9% stake in Noverco Inc. by Trencap L.P. Following the C$1.141 billion transaction led by CDPQ, Trencap will own 100% of Noverco, which owns 100% of Énergir. CDPQ currently owns 64.74% of Trencap, alongside minority limited partners, including the Fonds de solidarité FTQ.

Caisse de depot et placement du Quebec is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. 

Énergir Inc. is a diversified energy production company based in Montreal with assets in natural gas, wind, solar and LNG. 

The McCarthy Tétrault team was led by Patrick Boucher (Picture) and included Louis-Nicolas Boulanger, Mathieu Dubord, Richard O’Doherty and Isabelle Nazon (Business), Dominic Thérien (Competition), Fred Purkey and Marie-Soleil Landry (Tax).

Involved fees earner: Patrick Boucher – McCarthy Tétrault; Louis-Nicolas Boulanger – McCarthy Tétrault; Mathieu Dubord – McCarthy Tétrault; Marie-Soleil Landry – McCarthy Tétrault; Isabelle Nazon – McCarthy Tétrault; Richard O’Doherty – McCarthy Tétrault; Fred Purkey – McCarthy Tétrault; Dominic Thérien – McCarthy Tétrault;

Law Firms: McCarthy Tétrault;

Clients: Caisse de dépôt et placement du Québec (CDPQ);

Author: Martina Bellini