WSP secures $62.5 mln from Caisse de dépôt to support MMM deal
The Caisse de dépôt et placement du Québec has invested $62.5 million in WSP Global Group Inc, an engineering services provider based in Montréal. The investment is intended to faciliate WSP's proposed acquisition of MMM Group Ltd, a Canadian engineering consulting business. The deal, which is priced at about $425 million, will strengthen WSP's presence in domestic transportation and infrastructure sectors and enhance its expertise in public-private partnerships, the Caisse said. The Caisse has invested some $420 million over the past four years in support of WSP's growth strategy. In 2014, it and the Canada Pension Plan Investment Board (CPPIB) backed the company's purchase of Parsons Brinckerhoff.
26 August 2015•2 mins read
