M&A Deal Summary

BCI Acquires Parkbridge Lifestyle Communities

On October 4, 2010, asset manager BCI acquired real estate company Parkbridge Lifestyle Communities for 489M CAD

Acquisition Highlights
  • This is BCI’s 1st transaction in the Real Estate sector.
  • This is BCI’s 8th largest (disclosed) transaction.
  • This is BCI’s 1st transaction in Canada.
  • This is BCI’s 1st transaction in Ontario.

M&A Deal Summary

Date 2010-10-04
Target Parkbridge Lifestyle Communities
Sector Real Estate
Buyer(s) BCI
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 489M CAD
Advisor(s) Canaccord Genuity
CIBC Capital Markets (Financial)
Norton Rose Fulbright (Legal)

Target

Parkbridge Lifestyle Communities

Collingwood, Ontario, Canada
Parkbridge Lifestyle Communities is an owner, operator and developer of residential land lease communities, recreational resorts and marinas. Parkbridge Lifestyle Communities was founded in 1998 and is based in Collingwood, Ontario.

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Buyer(S) 1

Buyer

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
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 32
Sector: Real Estate M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 5
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 3
Year: 2010 M&A 1 of 1
Size (of disclosed) 8 of 10
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 Corix

Richmond, British Columbia, Canada

Corix is a utility infrastructure provider of products and services in Canada and the United States, active in the water, wastewater and energy sectors. Corix designs, builds, supplies and manages community utility infrastructure, including the pipes, valves, fittings, and systems that treat and transport water and wastewater. Corix has a successful track record of providing cost-effective, safe and efficient utility infrastructure solutions. Corix is based in Vancouver, British Columbia.

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