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16 July 20181 minute read

DLA Piper advises Avison Young in investment by Caisse de dépôt et placement du Québec

DLA Piper represented Avison Young, a Toronto-based global commercial real estate services firm, in connection with a CA$250 million preferred equity investment in the firm by Caisse de dépôt et placement du Québec (CDPQ), a leading Canadian institutional fund manager.

Avison Young plans to use the funds to invest in acquisitions and recruitment, fueling the company's ongoing growth of its global footprint and service-line capabilities. A portion of the proceeds will be used to repurchase the shares held by the firm's current private equity partner, Parallel49 Equity, as well as shares of other non-management founders and former principals of the company.

The DLA Piper team representing Avison Young was led by partner Andrew Weil (Chicago) and included partners Neil Aizenstein (Chicago), Shmuel Klahr, Paolo Morante, Jack Kantrowitz (all New York) and Bertold Bär-Bouyssière (Brussels); and associates Emily McDermott, Josh Nosal, Tonya Gauff (all Chicago) and Kira Mineroff (New York).