GuarantCo.’s $40-million Repayable Contribution From Global Affairs Canada

GuarantCo.'s $40-million Repayable Contribution From Global Affairs Canada

Gowling WLG advised UK-based GuarantCo. on the deal.

GuarantCo., part of the Private Infrastructure Development Group (PIDG), received a $40-million CDN repayable contribution from Global Affairs Canada (GAC) in support of sustainable infrastructure credit solutions across Africa and Asia.

The funding from GAC, a Canadian government department, will be used to “finance essential infrastructure, develop local capital markets and help economies grow by mobilising additional capital towards the Sustainable Development Goals (SDGs) aiming to reduce poverty.” The funding also supports PIDG’s and GuarantCo’s gender-responsive approach to infrastructure investment, as well as Canada’s Feminist International Assistance Policy.

Gowling’s team included Alasdair McKenzie (Picture) and Lisa MacDonnell, Naomi Sander and Angelica Wilamowicz, associates in the firm’s London and Toronto offices respectively.

Involved fees earner: Lisa MacDonnell – Gowling WLG; Alasdair McKenzie – Gowling WLG; Naomi Sander – Gowling WLG; Angelica Wilamowicz – Gowling WLG;

Law Firms: Gowling WLG;

Clients: GuarantCo Ltd.;

Author: Giulia Di Palma