IFLR1000

Brookfield Infrastructure/GIC $6.4 billion acquisition of Genesee & Wyoming

1/7/2019
Private acquisition
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$ 8.4 billion

Announced

1/7/2019

Overview:

  • Brookfield Infrastructure and Singaporean sovereign wealth fund GIC acquired US-based railroad freight company Genesee & Wyoming (G&W) in an $8.4 billion deal. 
  • G&W owns 120 short line railroads, most of which are in North America. 
  • The $8.4 billion includes about $2 billion in G&W debt. 
  • Citigroup Global Markets acted as financial adviser to the acquirers and BofA Merrill Lynch and Morgan Stanley advised G&W.
  • The transaction is expected to close in late 2019 or early 2020. 

Kurt Stumpo - US Editor

Jurisdictions:

Canada
United States
Singapore

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Transport

Firms:
McCarthy Tétrault

Party: Brookfield Infrastructure Group (Acquirer)

Party: GIC (Acquirer)

Lawyers: Jake Irwin, Jonathan See

Sidley Austin

Party: GIC (Acquirer)

Lawyers: Asi Kirmayer, Ram Burshtine

Simpson Thacher & Bartlett

Party: Genesee & Wyoming (Target)

Lawyers: Anthony Vernace, Eric Swedenburg, Marisa Stavenas, William Sheehan

Stikeman Elliott

Party: Genesee & Wyoming (Target)

Torys

Party: Brookfield Infrastructure Group (Acquirer)

White & Case

Party: GIC (Acquirer)

Party: Brookfield Infrastructure Group (Acquirer)

Lawyers: Chang-Do Gong, Oliver Brahmst, Robert Chung

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