CKP acquires Reliance Home Comfort

Torys acted as counsel to Alinda Capital Partners with a team that included Krista Hill, Sharon Geraghty, Konata Lake, Addie Buhr, Stephen Neil, Aleksandra Ramsvik and Min Kim (M&A), Corrado Cardarelli and Andrew Wong (tax), Amanda Balasubramanian and Adrienne Love (debt financing), Dany Assaf, Rebecca Moskowitz and Marina Chernenko (competition and foreign investment review), Susan Nickerson, Jennifer Lennon and Brad Tartick (employees, pensions and benefits), Don Roger and Christine Innes (real estate).

On July 13, 2017, CKP (Canada) Holdings Ltd., a wholly-owned subsidiary of Cheung Kong Property Holdings Ltd ("CKP"), completed its previously announced acquisition of Reliance Home Comfort ("Reliance") from investment funds managed by Alinda Capital Partners for an equity purchase price of C$2.82 billion.

Reliance provides retail sale, rental, service and maintenance of heating, ventilation and air conditioning equipment to its 1.7 million residential and commercial customers.

Alinda Capital Partners is one of the world's largest and most experienced infrastructure investment firms.

CKP is one of the largest property developers in Hong Kong. It has a leading market share in Hong Kong, a strong penetration in the Mainland China, and an international presence through its operations in Singapore, the United Kingdom and The Bahamas.

Further information can be found on Canada Newswire's website.