M&A Deal Summary

British Columbia Investment Management Acquires Parkbridge Lifestyle Communities

On October 4, 2010, asset manager British Columbia Investment Management acquired real estate company Parkbridge Lifestyle Communities for 840M USD

Acquisition Highlights
  • This is British Columbia Investment Management’s 1st transaction in the Real Estate sector.
  • This is British Columbia Investment Management’s 3rd largest (disclosed) transaction.
  • This is British Columbia Investment Management’s 1st transaction in Canada.
  • This is British Columbia Investment Management’s 1st transaction in Alberta.

M&A Deal Summary

Date 2010-10-04
Target Parkbridge Lifestyle Communities
Sector Real Estate
Buyer(s) British Columbia Investment Management
Deal Type Add-on Acquisition
Deal Value 840M USD
Advisor(s) Canaccord Genuity Corp.
CIBC Capital Markets (Financial)
Norton Rose Fulbright (Legal)

Target

Parkbridge Lifestyle Communities

Calgary, Alberta, Canada
website
Parkbridge Lifestyle Communities Inc. ("Parkbridge") is a owner, operator and developer of residential land lease communities, recreational resorts and marinas.

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Buyer(S) 1

DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 1 of 18
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 3
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 The Corix Group

Richmond, British Columbia, Canada

The Corix Group (formerly Terasen Water and Utility Services) is a leading utility infrastructure provider of products and services in Canada and the United States, active in the water, wastewater and energy sectors. Headquartered in Vancouver, British Columbia, Corix designs, builds, supplies and manages community utility infrastructure, including the pipes, valves, fittings, and systems that treat and transport water and wastewater. With over 900 employees and more than 65 years of experience, Corix has a successful track record of providing cost-effective, safe and efficient utility infrastructure solutions.

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