Cap Gemini Ernst & Young and OPG Complete $1B Outsourcing Agreement

Business Transformation Services Inc. (BTS), a wholly owned subsidiary of Cap Gemini Ernst & Young Canada (CGE&Y), purchased Ontario Power Generation Inc.’s (OPG) 49 per cent share of New Horizon System Solutions LP (NHSS). The agreement finalizes a nine-year, nearly $1 billion outsourcing agreement between NHSS and OPG. The deal closed on April 9, 2002.
McCarthy Tétrault LLP is acting for CGE&Y and NHSS, with a team comprised of Barry Sookman, Adam Vereshack and Suzanne Senior-Mitchell (technology), Ian Palm (corporate), Paul Boniferro and Carl Cunningham (labour and employment), Gregory Winfield (pensions), Oliver Hobday and Karsoen Ho (real estate) and Brian Pel and Gabrielle Richards (tax). Gabe Takach, Elizabeth Evans and Chris Medland of Torys LLP are acting for OPG.