Transaction|October 5, 2011
Capstone acquires majority interest in Bristol Water for C$215 million
Torys acted as counsel to a subsidiary of Macquarie Capital Markets with a team that included Philip Symmonds, Scott Kraag, Adam Delean, Simon Williams and Theresa Gregoire.
On October 5, 2011, Capstone Infrastructure Corporation (TSX: CSE) (Capstone) announced it had acquired a 70% interest in Bristol Water from Suez Environnement through its subsidiary, AGBAR, for C$215 million. The purchase price was funded through a combination of existing credit facilities, cash on hand and a new C$150-million senior debt facility, provided by a subsidiary of Macquarie Capital Markets. Suez Environnement, through its subsidiary AGBAR, will continue to hold a 30% interest in Bristol Water.
Capstone Infrastructure Corporation, formerly Macquarie Power and Infrastructure Corporation, is engaged in power infrastructure, with two company segments: Power infrastructure and Social infrastructure.
Bristol Water is a regulated water utility in the United Kingdom, which treats, stores and distributes water to people and businesses in around the city of Bristol.
Further information can be found on Marketwire's website.
Capstone Infrastructure Corporation, formerly Macquarie Power and Infrastructure Corporation, is engaged in power infrastructure, with two company segments: Power infrastructure and Social infrastructure.
Bristol Water is a regulated water utility in the United Kingdom, which treats, stores and distributes water to people and businesses in around the city of Bristol.
Further information can be found on Marketwire's website.