Capstone Infrastructure sells its 50% interest in Bristol Water to iCON Infrastructure Partners III

On December 15, 2016 Capstone Infrastructure Corporation (TSX: CSE.PR.A) announced the completion of a transaction with its parent entity, ICON Infrastructure Partners III, L.P., to sell its 50% interest in Bristol Water for £115.6 million. This transaction provides a number of benefits for Capstone, including a reduction in corporate debt, the reduction of regulatory and foreign currency risk, and the re-focusing of the business as a pure-play independent power producer better positioning Capstone for future sustainable growth in the sector in Canada. Fasken Martineau advised the Special Committee of the Board of Directors of Capstone Infrastructure, with a team that included William Orr, Aron Atkinson, Murray Braithwaite.