British Columbia Investment Management Corporation (BCI), one of the largest asset managers in Canada, agreed to acquire BBGI Global Infrastructure S.A., a Luxembourg-based investment firm, in a deal valued at approximately $1.9 billion (US$1.32 billion).

Norton Rose Fulbright LLP and A&O Shearman are serving as legal counsel to BBGI, with MUFG Corporate Markets Limited as transfer agent and Jefferies International Limited as the financial advisor. Corporate partner Paul Whitelock is leading the Norton Rose Fulbright team alongside corporate partner Nicolas Sirtoli.

Weil, Gotshal & Manges LLP and Elvinger, Hoss & Prussen are serving as legal counsel to BCI, with RBC Capital Markets and PwC Corporate Finance LLP as financial advisors.

The deal is expected to be completed in the third quarter of 2025.