GFL Environmental Inc. announces $5.125 Billion recapitalization with new investors led by BC Partners and their partner OTPP - Seite 2

Paolo Notarnicola, Senior Partner, who led the investment said: "BC Partners is excited to be partnering with Patrick and his high quality management team. Our goal is to provide the capital and strategic support necessary for the continuation of their remarkable growth story." Raymond Svider, Managing Partner and co-Chairman of BC Partners, added: "We look forward to a close collaboration with GFL and our partners at Ontario Teachers as an important part of our long-term strategy to grow in the Canadian marketplace."

"GFL is an exceptional Canadian success story led by a proven management team. We expect this partnership with GFL and our partners at BC Partners to create significant value for our stakeholders," said Jane Rowe, Senior Managing Director, Private Capital at Ontario Teachers' Pension Plan."

The transaction is expected to close by June 30, 2018. Scotiabank acted as financial advisor to BC Partners in Canada with Citi in the United States. Citigroup Global Markets Inc. also provided committed financing for the transaction.  RBC Capital Markets, CIBC World Markets Inc., Goldman Sachs & Co. LLC, BMO Capital Markets and Barclays Capital Canada acted as financial advisor to GFL.  Stikeman Elliott LLP and Cleary Gottleib Steen &Hamilton LLP are legal advisors to GFL, while Osler, Hoskin & Harcourt LLP and Simpson Thacher & Bartlett LLP provided legal advice to the investors.

About BC Partners

BC Partners is a leading international investment firm with over €17 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe.

Since inception, BC Partners has completed 101 private equity investments in companies with a total enterprise value of €124 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com. 

About Ontario Teachers'

The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest single-profession pension plan, with C$180.5 billion in net assets at 30 June 2017. It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annualized gross rate of return of 10.1% since the Plan's founding in 1990. Ontario Teachers' is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario's 318,000 active and retired teachers. For more information, visit otpp.com and follow us on Twitter @OtppInfo.