Transaction|March 6, 2015

Morgan Stanley Infrastructure announces sale of Montreal Gateway Terminals

Torys acted as counsel to Morgan Stanley Infrastructure with a team that included Krista Hill, Stephanie Brady, Sophie Courtois and Min Kim (corporate/M&A), Corrado Cardarelli and Andrew Wong (tax), Nina Mansoori (debt financing), Don Roger (real estate), Mitch Frazer and Tom Stevenson (pensions and employment), Tyson Dyck (environmental) and Dany Assaf (competition).

On March 6, 2015, Morgan Stanley Infrastructure announced that a subsidiary of Morgan Stanley Infrastructure Partners, LP (MSIP) agreed to sell Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure. The terms of the transaction were not disclosed.

Montreal Gateway Terminals is the largest container terminal operator at the Port of Montreal, operating two of the Port's three international terminals (Racine and Cast) and servicing seven global shipping lines.

Fiera Axium is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Fiera Axium manages dedicated infrastructure funds having in excess of US$1.2 billion in assets under management.

Morgan Stanley Infrastructure is the dedicated infrastructure investing platform of Morgan Stanley, a leading global financial services firm providing investment banking, securities, investment management and wealth management services, with offices in more than 43 countries.

Further information can be found on Morgan Stanley's website.