WSP closes $400 mln financing for Parsons Brinckerhoff acquisition
WSP Global Inc (TSX: WSP) has completed its previously announced $400 million private placement financing involving Canada Pension Plan Investment Board (CPPIB) and the Caisse de dépôt et placement du Québec. Proceeds of the transaction will be used by the company to help fund its acquisition of Parsons Brinckerhoff, the U.S. professional services division of Balfour Beatty Plc. As reported by Reuters last month, the US$1.24 billion deal is intended to increase the Montréal-based WSP's footprint in the U.S. transportation segment.
1 October 2014•5 mins read
