New upstart Coventree Capital Group looks to be jumping in with Canada's big boys following the firm's appointment as special advisor to a new highway consortium.

The prize could be a mammoth C$3 billion to C$4 billion ($2.1 billion to $2.9 billion) offering involving Ontario's Highway 407, a tolled ring road around Toronto. It would be the second toll road deal in Canadian history. The deal already marks the biggest privatization ever in Canada, with a C$4 billion price tag.

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