British Columbia Investment Management Corporation (BCI) has completed the GBP 1.0 billion (US$1.3 billion) take-private acquisition of BBGI Global Infrastructure S.A. (BBGI).

BBGI, founded in 2011 and a former FTSE‑250 constituent, manages over 50 public‐private partnership projects—including hospitals, schools, bridges, tunnels, affordable housing, and justice facilities—across seven countries, generating inflation‑linked revenue through long-term concession agreements. According to Lincoln Webb, Executive Vice‑President of BCI’s Infrastructure & Renewable Resources unit, the acquisition enhances BCI’s platform with high‑quality, long‑duration contracted assets—some of which are Canadian concessions—supporting stable returns for its pension fund clients. BBGI's CEO, Duncan Ball, noted that the company looks forward to its next growth phase, now supported by BCI’s long-term capital and infrastructure expertise. With this deal among infrastructure commitments exceeding C$3.5 billion in H1 2025, BCI continues its strategic expansion into global infrastructure and renewable resources.