Lavery represents the Caisse de dépôt et placement du Québec with respect to an investment of $98.5 M in GENIVAR

The law firm Lavery is pleased to announce that it has represented the Caisse de dépôt et placement du Québec (hereinafter the « Caisse ») in connection with a $98.5 M investment in the company GENIVAR. This investment is part of the proposed acquisition by GENIVAR of UK-based WSP Group plc, a consulting firm with operations in more than 30 countries. The Lavery team was headed by Jean-Sébastien Desroches (mergers and acquisitions) and included namely Josianne Beaudry (securities law), Sive Burns (mergers and acquisitions) and Jean Tessier (securities law).

With regards to this transaction, the Caisse subscribed for 4,105,305 subscription receipts in GENIVAR inc. [TSX: GNV]. The subscription was made through private placement and the closing date of this subscription is scheduled close to June 27, 2012.

Under the terms of the Subscription Agreement, each subscription receipt will be issued at a unit price of $24 for a total purchase price of $98,527,320. Each subscription receipt gives the right to receive, following the closing of the acquisition of WSP Group plc, one common share of GENIVAR’s share capital, without additional consideration or formality.

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