LEXPERT MAGAZINE
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MARCH 2019 9
tissement Québec were represented in-
house by Sébastien Berthelet and Ali El
Haskouri, respectively.
DE BEERS ACQUIRES
PEREGRINE DIAMONDS
CLOSING DATE: SEPTEMBER 12, 2018
On September 12, 2018, De Beers Canada
Inc. acquired Peregrine Diamonds Ltd.,
a diamond exploration and development
company listed on the Toronto Stock Ex-
change, through a plan of arrangement.
Pursuant to the transaction, De Beers ac-
quired all of the issued and outstanding
common shares of Peregrine Diamonds for
$0.24 per share in cash, for a total equity
value of approximately $107 million.
De Beers is part of the De Beers Group,
which is a member of Anglo-American plc.
Established in 1888, De Beers Group is the
world's leading diamond company with ex-
pertise in the exploration, mining and mar-
keting of diamonds.
De Beers was advised in Canada by
Fasken Martineau DuMoulin LLP with
a team led by Krisztián Tóth, and that in-
cluded Bradley Freelan, Mitchell aw
and Florind Polo in Toronto, and Johanna
Fipke in Vancouver.
Peregrine Diamonds was advised by
Koffman Kalef LLP, Vancouver, with a
team led by Bernard Poznanski, and that in-
cluded Wendy Lee and Jennifer Wriley (Se-
curities and M&A), David Pedlow (Tax),
Jasmin Ahmad (Litigation) and Mark
Wong (Competition Law).
Cassels Brock & Blackwell LLP acted
for the Special Committee of the Board of
Directors of Peregrine with a team that in-
cluded Paul Stein, Jeff Roy, Jen Hansen and
Jamie Litchen (Securities and M&A).
VERTU FX LIMITED PARTNERSHIP
AND BDC CAPITAL INC.
COMPLETE ACQUISITION
OF FIRMEX HOLDINGS INC.
CLOSING DATE: FEBRUARY 1, 2019
On February 1, 2019, a company owned by
Vertu FX Limited Partnership ("Vertu"),
BDC Capital Inc. ("BDC") and certain
members of the Firmex executive manage-
ment team completed the acquisition of
Firmex Holdings Inc., one of the fastest-
growing and most widely used providers
of virtual data rooms and secure document
sharing solutions, from Novacap TMT IV,
a Montréal-based private equity firm.
e acquisition of Firmex supports
Vertu's position as a Canadian technology
private equity firm that seeks to partner
with businesses that have transformational
growth potential and excellent manage-
ment teams and evidences BDC's goal of
being a strategic partner to the country's
most innovative firms.
Vertu was represented by Samantha
Horn, Meghan Jones and Tracey ornton
(M&A), Marie Garneau and Andie Lipetz
(Banking ), John Lorito, Lindsay Gwyer
and Eryn Fanjoy (Tax), Alethea Au (IT),
Justine Whitehead (IP), and Alex Lemoine
and Lucy Carruthers (Employment) of
Stikeman Elliott LLP.
BDC was represented by Blake, Cassels
& Graydon LLP with a team that included
Kurt Sarno, Andrew Clark and Kate Pa-
lumbo (M&A), Paul Stepak and Allan Gel-
kopf (Tax), Wendy Mee (Privacy & Regula-
tory) and Holly Reid (Employment).
Firmex Management was represented by
Jamie Firsten (M&A) and Michael Royal
(Tax) of Goodmans LLP.
Novacap was represented in-house by
Josiane Turcotte, Senior Legal Counsel, by
Charles Chevrette, Enda Wong, Christian
Abouchaker and David Zhou (M&A), Mi-
chael Ranger (Tax), Eric Friedman (Bank-
ing ) and Bruce McWilliam (Technology)
of McMillan LLP.
Oil & Gas Oil & Gas Oil & Gas
ALTAGAS SELLS CANADIAN
MIDSTREAM AND POWER ASSETS
TO BIRCH HILL EQUITY PARTNERS
CLOSING DATE: FEBRUARY 1, 2019
On February 1, 2019, AltaGas Ltd. sold
certain of its Canadian midstream and
power assets to affiliates of Birch Hill Eq-
uity Partners for $165 million. e sale
included selected non-core smaller scale gas
midstream and power assets in Canada, as
well as AltaGas's commercial and industrial
customer portfolio in Canada, and also in-
cluded the 43.7 million shares of Tidewater
Midstream and Infrastructure Inc., which
AltaGas held and that were sold to Birch
Hill in September 2018.
Stikeman Elliott LLP acted for AltaGas
with a team consisting of Kurtis Reed, Fred
Erickson, Stephen Wintermute (Commer-
cial), Susan Hutton and Megan MacDon-
ald (Competition), Dennis Langen and
Vince Light (Regulatory), Julie D'Avignon
and Kevin Guenther (Tax), Cheryl Rea
(Employment), Chris Nixon, Patrick Mc-
Nally and Prateek Gupta (Securities).
Davies Ward Phillips & Vineberg LLP
acted for Birch Hill Equity Partners with a
team consisting of Patrick Barry, Jennifer
Grossklaus, Sarah Elharrar and Michael Ra-
falovich (Commercial), Sarah Powell (En-
vironmental/Regulatory), Derek Vesey and
Devon Comstock (Banking ), and James
Dinning (Competition).
GALLAGHER BENEFIT
SERVICES (CANADA)
GROUP INC. ACQUIRES
ACCOMPASS INC.
CLOSING DATE: DECEMBER 3, 2018
On December 3, 2018, Gallagher Benefit
Services (Canada) Group Inc. ("GBS Can-
ada"), a subsidiary of Arthur J. Gallagher &
Co. ("AJG Co") (NYSE: AJG), completed
its acquisition of the Accompass entities
("Accompass"), a leading Canadian ben-
efits, retirement and compensation consult-
ing firm. e terms of the transaction were
not disclosed.
Accompass offers a full range of health
and welfare, investment and retirement,
executive compensation, and broad-based
compensation consulting and support ser-
vices to clients throughout Canada. Ac-
compass's strong presence with both Toron-
to-based and large national organizations
further expands GBS Canada's footprint
across Canada.
AJC Co. is a global insurance brokerage,
risk management and consulting services
firm, headquartered in Rolling Meadows,
