Debevoise & Plimpton LLP is advising British Columbia Investment Management Corporation (BCI) as part of an investor group, including Ethos Capital and White Mountains Insurance Group, Ltd., in its ownership position in BroadStreet. Under the terms of the agreement, Ontario Teachers’ Pension Plan will maintain a significant co-control stake of BroadStreet and operate in partnership with the Ethos-led investor group. For more information, please see the company’s press release.

BCI is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. It manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients.

The Debevoise team is led by insurance M&A partners Drew Dutton and Andrew Jamieson and includes associate Alexandra Grady and law clerk Yair Strachman, and tax partner Rafael Kariyev and associate David Simpser.