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Fiera Infrastructure and EllisDon Capital announce the establishment of a long-term partnership for Public-Private Partnerships
Fiera Infrastructure and EllisDon Capital announce the establishment of a long-term partne...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n\n\n\nFiera Infrastructure and EllisDon Capital announce the establishment of a long-term partnership for Public-Private Partnerships\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Jan. 29, 2019\n\n\n\nMONTREAL, Jan. 29, 2019 /CNW Telbec/ - Fiera Infrastructure Inc. (\"Fiera Infrastructure\"), a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (the \"Firm\") (TSX: FSZ), announced today that it has entered into a long-term partnership (the \"Partnership\") with EllisDon Capital (\"EllisDon\"), an affiliate of EllisDon Inc., Canada's premier Public-Private Partnership (\"PPP\") developer, constructor, and facilities service provider. The newly formed Partnership will acquire EllisDon's interest in its existing portfolio of PPP projects and have the right of first offer over EllisDon's future PPP projects for a pre-agreed period. Fiera Infrastructure's investment in the projects will be added to its global infrastructure fund.\n\"Partnering with EllisDon, one of North America's most successful and experienced construction capital groups, enables Fiera Infrastructure to further access the highly competitive Public-Private Partnership market with a strategic long-term partner,\" said Alina Osorio, President of Fiera Infrastructure. \"This marquee transaction should provide our investors with ongoing access to essential Canadian infrastructure assets with low-risk, reliable, and stable cash flows throughout the lives of the projects' concessions.\"\n\"This partnership demonstrates EllisDon's ongoing commitment to proactive asset management on our PPP investments while at the same time meeting the company's strategic business objectives,\" said Joey Comeau, Senior Vice President, EllisDon Capital. \"EllisDon remains focused on exceeding our client's expectations on each of the projects in our investment portfolio and are excited to have established a partnership with Fiera Infrastructure to accomplish those goals.\"\nEllisDon's existing portfolio contains interests in ten PPP project...