Freshfields advises Ontario Teachers’ Pension Plan on a number of transactions in relation to Brussels airport
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Ontario Teachers’ Pension Plan Board (‘OTPP’) on a number of transactions in relation to its controlling interest in Brussels airport.
OTPP is Canada's largest single-profession pension plan and the largest private investor in airports in Europe, with holdings in five freehold airports: Copenhagen Airport, Brussels Airport, Bristol Airport, Birmingham Airport and London City Airport.
The transactions include (i) the exit of funds managed by Macquarie Infrastructure and Real Assets and introduction of a new consortium of investors comprising APG Asset Management, Queensland Investment Corp, Swiss Life and others for a significant minority interest; and (ii) the sale by OTPP of minority interests to New South Wales Treasury Corporation and the Government Pension Investment Fund of Japan, through a StepStone managed vehicle.
Freshfields has advised OTPP on all its European airport acquisitions as well as a number of other transactions relating to those airports.
The cross-border Freshfields team was led in London by partner Laurie McFadden and senior associate Richard Johnson and in Brussels by partner Vincent Macq and principal associate Jan-Willem Geeroms.
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