Fengate acquires Carillion's equity interest in the Oakville Trafalgar Memorial Hospital

OAKVILLE, ON, July 12, 2016 /CNW/ - Fengate Capital Management Ltd. ("Fengate") announced today that it has reached financial close on the acquisition by certain funds that it manages of Carillion Canada's ("Carillion") 40% equity interest in the Oakville Trafalgar Memorial Hospital project  ("OTMH") as well as the rights to oversee the provision of facility management services at the hospital for the term of the contract. This acquisition brings the total investment by Fengate-managed funds in OTMH to 90% of the equity. 

"Fengate is very pleased to have finalized this transaction," said Marco Di Carlantonio, Executive Director, "The new Oakville Trafalgar Memorial Hospital is the largest healthcare transaction project closed in Ontario, with over C$1.1B in capital raised at financial close.

Hospital Infrastructure Partners (NOH) Partnership, a consortium led by Fengate Capital, EllisDon and Carillion, was awarded the contract by Halton Healthcare Services ("HHS") to design, construct, finance, and manage the facilities of the Oakville-Trafalgar Memorial Hospital. The project successfully reached substantial completion on July 31, 2015 and opened on December 13, 2015.

"The Oakville Trafalgar Memorial Hospital is a state-of-the-art healthcare facility," stated Mr. Di Carlantonio, "This investment provides long-term cash flows for our investors and enhances Fengate's existing, robust portfolio of social infrastructure projects."

Oakville Trafalgar Memorial Hospital is the latest addition to Fengate's portfolio of healthcare facilities, further solidifying Fengate's position as a leading Canadian investor in social infrastructure. The firm's infrastructure portfolio includes public-private partnerships, independent power projects and operating infrastructure assets across North America, Europe and Australia.

About Fengate
Fengate Capital Management Ltd. ("Fengate") is a real asset investment firm that specializes in customized investment funds with a strategic focus on infrastructure, real estate and private equity. The firm has over $2 billion in assets under management with significant experience in public-private partnerships, independent power projects and real estate developments. Fengate targets high quality investments across North America and select international markets. Since 2007, the firm has been recognized as one of "Canada's Best Managed Companies".

© 2016 Fengate, Fengate Capital Management Ltd. and the Fengate logo are registered trademarks of Fengate Corporation.

SOURCE Fengate Capital Management

Image with caption: "Fengate Real Asset Investments (CNW Group/Fengate Capital Management)". Image available at: http://photos.newswire.ca/images/download/20160712_C3624_PHOTO_EN_732262.jpg

For further information: Courtney Ihnat, Marketing Manager, courtney.ihnat@fengate.com, t (905) 491-6575

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890