Ashurst has advised Alberta Investment Management Corporation ("AIMCo"), one of Canada's largest and most diversified institutional investment managers, as co-investor alongside OMERS Private Equity on the acquisition of Environmental Resources Management ("ERM"), from Charterhouse Capital Partners for an enterprise value of US$1.7bn. A definitive Agreement was signed on 12 June 2015.

The Ashurst team was led by partners Karen Davies, Jan Sanders, Richard Palmer and Ross Mackenzie, with support from senior associate Audrius Skeivys and solicitor Josh Cornally.

Commenting on the transaction, co-lead partner Karen Davies said:

"We are delighted to have had the opportunity to work with AIMCo again, they are a valued client of our firm and we are pleased to have been able to support AIMCo on a transaction of such strategic significance."