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Transaction/Case Details

InstarAGF Essential Infrastructure Fund Partners acquire stake in Skyservice Investments Inc.

DATE CLOSED

September 12, 2017

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto


OVERVIEW

On September 18, 2017, InstarAGF Asset Management Inc. (“InstarAGF”) announced that it has acquired majority equity ownership interest in Skyservice Investments Inc. (“Skyservice”), through the InstarAGF Essential Infrastructure Fund. The sellers included Fulcrum Capital Partners, which had made an equity investment in Skyservice in 2012.

Skyservice is the leading provider of business aviation services operating in strategically located facilities within Canada. It manages the largest fleet of aircraft in Canada.

InstarAGF focuses on mid-sized infrastructure, real assets and private equity investments. It owns an interest in the passenger terminal at Billy Bishop Toronto City Airport. The acquisition of Skyservice offers an exceptional opportunity to further expand its service offering and geographic footprint.

McCarthy Tétrault LLP advised InstarAGF with a team led by Jonathan See and Jake Irwin, that included Pavan Jawanda, Na Fan and Matthew Harris (Business), Oliver Borgers, Jody Aldcorn and Jonathan Bitran (Regulatory), Patrick McCay, Ryan Walker and Yaroslavna Nosikova (Tax), Isabel Henkelman and Mahsa Khoshbin (Real Property and Planning), Ian Mak, Noel Chow, John Murray and Sabrina Lyon (Financial Services), Trevor Lawson and Sean Porter (Labour and Employment), Alfred Macchione and Benjamin Lai (Intellectual Property), John Boscariol (International Trade and Investment Law), Joanna Rosengarten (Environmental), Sam Rogers and Samuel Lepage (Litigation) and Lorraine Allard (Pensions).

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Financial Services
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