Baker McKenzie advised IST3 Infrastruktur Global, an infrastructure fund of the Swiss based IST3 Investment Foundation, in its acquisition of a 40% stake in 23 service plazas along the I-95, I-395 and Route 15 highways in Connecticut.

 

IST3 was part of a consortium of companies including Applegreen plc, a Dublin-based service station operator, and TD Greystone Asset Management, an institutional money manager that is part of the Toronto-Dominion Bank Group.

 

The acquisition, which was subject to approvals from the Connecticut Department of Transportation, closed this Monday, September 30.

 

The Baker McKenzie team was led by Steven Canner, partner, and Michelle Heisner, senior associate.

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