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Brookfield and La Caisse enter into definitive arrangement agreement to acquire Boralex Inc.


Date

March 25, 2026

Offices Involved

On March 25, 2026, Brookfield Asset Management (“Brookfield”) and Caisse de dépôt et placement du Québec (“La Caisse”) entered into a definitive arrangement agreement to acquire Boralex Inc. (“Boralex”) in a take-private transaction. Under the agreement, Boralex will continue to operate as an independent private company following closing.

Brookfield is a global alternative asset manager with investments across renewable energy, private equity, real estate and credit.

La Caisse, based in Québec City, Québec, is a global institutional investment group focused on public markets, private equity, infrastructure, real estate and private credit.

Boralex, headquartered in Québec, is a renewable energy producer focused on the development, construction and operation of wind, solar and hydroelectric power facilities across Canada, the United States, France, and the United Kingdom.

McCarthy Tétrault is advising Brookfield with a team led by Hadrien Montagne, Jonathan See, Louis-Charles Filiatrault, Jacob Stone, Eve Tessier, Haiya Peng and Philippe April and includes Alexis Hudon, Chris Zawadzki, Elisa Laxer, Chanelle Bristol, Sarah Chen, Amine Kanoun, Samantha Morel, Charles Morin, Benjamin Rivard, Rebecca Scott (Business Law), Ian Mak, Juliana Smith, Mehak Suri (Financial Services), Raj Juneja, Kabir Jamal, James Chang, Giorgina Chum (Tax), Jason Gudofsky, Gideon Kwinter (Competition/Antitrust & Foreign Investment), Isabel Henkelman, Mary Pagonis, Julianne Gu, Marie Doyle, Meg Heesaker, Rita Iafrate, Emily Ruvo (Real Property and Planning), Kimberly Howard, Laura Weingarden, Cindy Vaillancourt, Gwenyth Wren (Projects & Environmental Law), Kelleher Lynch, Julia Miller (Pensions, Benefits, & Executive Compensation), Conrad Lee, Jerry Lan (Technology), François Giroux, Geneviève St-Cyr Larkin (Litigation) and Robert Glasgow (International Trade).

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