WSP raises $293 mln in private and public funding to acquire Focus
Montréal-based professional services consultant WSP Global Inc (TSX:WSP) has completed bought-deal and private placement common share financings totaling $293 million. WSP's current minority investors the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board (CPPIB) accounted for approximately $86 million of the raise. The company said that the total proceeds, together with the funds drawn under an existing credit facility, will be used for its planned $366 million acquisition of Focus Group. The Calgary-based Focus is being sold by U.S. private equity firm KRG Capital Partners.
31 March 2014•5 mins read
