Cheung Kong Property HoldingsC$2.8 billion acquisition of Reliance Home Comfort

Overview:

• Cheung Kong Property Holdings has acquired Reliance Home Comfort for C$2.8 billion via its subsidiary CKP Holdings from Alinda Capital Partners.
• Reliance Home Comfort is the largest water heater rental business in Canada and provides essential home infrastructure and services to homeowners.
• The acquisition is the latest in a series of Cheung Kong Property Holdings in Canada.
• 25% of Reliance Home Comfort is meant to be sold to Cheung Kong Infrastructure.
• Goldman Sachs acted as Alinda's lead financial advisor and CIBC Capital Markets served as Alinda's financial co-advisor on the transaction.

 Katrin Kostadinova - Data analyst