Client Work

BCI Acquires BBGI Global Infrastructure SA in £1 Billion Take-Private

June 23, 2025
Authors
Mia BacicPartner
Laura JamesAssociate
David W. LittlePartner
Charlene HillerPartner
Larissa SakumotoAssociate
Adam KalbfleischPartner
Zirjan (Zee) J. DerwaPartner
Mercy LiuAssociate
Simon GrantPartner
Sophie Schaffer-WoodAssociate
Greg M. JohnsonPartner
Wesley R. NovotnyPartner

British Columbia Investment Management Corporation (BCI) has acquired 100 percent of the issued shares of BBGI Global Infrastructure SA in an all-cash £1 billion take-private deal. BCI is amongst the largest institutional investors in Canada. Its acquisition of BBGI was made by BCI’s Infrastructure & Renewable Resources program, which invests in tangible long-life assets, and includes a portfolio of direct investments in companies across a variety of sectors spanning regulated utilities, energy, telecommunications, transportation, timberlands and agribusiness.

Bennett Jones is providing Canadian legal advice to BCI on this transaction.

The Bennett Jones team is led by Mia Bacic (Private Equity & Investment Funds), including Laura James (Private Equity & Investment Funds), David Little, Charlene Hiller, Larissa Sakumoto (Infrastructure), Adam Kalbfleisch, Zee Derwa, Mercy Liu (Competition/Antitrust), Simon Grant, Frances Wu and Sophie Schaffer-Wood (Banking & Secured Transactions) and Greg Johnson and Wes Novotny (Tax).

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Mia Bacic, Partner
Vancouver  •   604.891.5319  •   bacicm@bennettjones.com
Laura James, Associate
Vancouver  •   604.891.5170  •   jamesl@bennettjones.com
David W. Little, Partner
Vancouver  •   604.891.5146  •   littled@bennettjones.com
Charlene Hiller, Partner
Vancouver  •   604.891.5162  •   hillerc@bennettjones.com
Larissa Sakumoto, Associate
Vancouver  •   604.891.5389  •   sakumotola@bennettjones.com
Adam Kalbfleisch, Partner
Toronto  •   416.777.5757  •   kalbfleischa@bennettjones.com
Zirjan (Zee) J. Derwa, Partner
Toronto  •   416.777.6442  •   derwaz@bennettjones.com
Mercy Liu, Associate
Toronto  •   416.777.7874  •   lium@bennettjones.com
Simon Grant, Partner   •   Co-Head of Banking & Secured Transactions Practice
Toronto  •   416.777.6246  •   grants@bennettjones.com
Sophie Schaffer-Wood, Associate
Toronto  •   416.777.7882  •   schafferwoods@bennettjones.com
Greg M. Johnson, Partner
Calgary  •   403.298.4470  •   johnson@bennettjones.com
Wesley R. Novotny, Partner
Calgary, Edmonton  •   403.298.3447  •   novotnyw@bennettjones.com