38 LEXPERT
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2018
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WWW.LEXPERT.CA
Roth, Jason D. Bennett Jones LLP
(403) 298-2070 rothj@bennettjones.com
Mr. Roth is head of the firm's Capital Projects Industry Group. He advises
on infrastructure development projects and represents owners/developers
and contractors in relation to domestic and international infrastructure,
LNG, power, electrical transmission, pipeline, natural gas processing
and other projects.
Roth, Bernard J. Dentons Canada LLP
(403) 268-6888 bernard.roth@dentons.com
Mr. Roth's administrative law practice focuses on the construction and
operation of unregulated electrical transmission and generation facilities,
upstream oil & gas, and oil sands facility applications, and oil & gas exporting
and permitting.
Rosenberg, Sheryl A. Thompson Dorfman
Sweatman LLP (204) 934-2312 sar@tdslaw.com
Ms. Rosenberg practises primarily in the area of environmental law.
She provides clients with advice concerning environmental approvals and
licensing, mining and mine rehabilitation, natural resource development,
regulatory compliance, contaminated sites and litigation of environmental
matters. She has provided advice to Manitoba Hydro's Keeyask Generating
Station and Hudbay's Lalor Mine.
Rimer, Philip M. Dentons Canada LLP
(613) 783-9634 philip.rimer@dentons.com
Mr. Rimer practises in the Real Estate, Project Development and Banking
and Finance Practice groups, primarily on behalf of institutional stakeholders
(including pension funds, banks and public-sector entities) in commercial
real estate and infrastructure projects.
Riley, Y. Beth Bennett Jones LLP
(403) 298-3096 rileyb@bennettjones.com
Ms. Riley provides strategic competition and foreign investment advice to
Canadian & foreign clients (including SOEs) in the context of mergers, strate-
gic alliances, commercial transactions and unilateral conduct, in addition
to compliance matters, with a wealth of experience in the energy industry.
She also provides corporate & securities law advice, including M&A
and commercial transactions .
Richmond, Mike McMillan LLP
(416) 865-7832 mike.richmond@mcmillan.ca
As Co-Chair of McMillan's Energy Group, Mr. Richmond has supported the
development and operation of hundreds of renewable, co-gen, storage and
distributed power projects. Clients benefit from his unique combination of
commercial expertise and deep regulatory and policy background, having
served as Director of Toronto Hydro, Senior Advisor to the Energy Minister
and Member of the National Energy Board.
LEXPERT-RANKED LAWYERS
Blake, Cassels & Graydon LLP acted for the
bank syndicate, which provided the debt financ-
ing for the acquisition, with a team that included
Michael McIntosh and Andrew Kolody.
Osler, Hoskin & Harcourt LLP advised
BMO Capital Markets, which acted for MEG,
with a team of Jeremy Fraiberg and Don Gil-
christ (corporate).
SUNCOR ENERGY ACQUIRES
ADDITIONAL SYNCRUDE
INTEREST FOR US$730M
On February 23, 2018, Suncor Energy Inc. (Sun-
cor), through its affiliate Suncor Energy Ventures
Partnership, completed the acquisition of a 5-per-
cent participating interest in the Syncrude oil-
sands project from Mocal Energy Limited (Mo-
cal), a wholly owned subsidiary of JX Nippon
Oil & Gas Exploration Corporation (JX), for a
purchase price of US$730 million. As a result of
the transaction, Suncor, which is Canada's largest
integrated oil company, increased its ownership
stake in the Syncrude oil sands project from 53.74
per cent to 58.74 per cent.
Suncor's in-house legal team on the transac-
tion was comprised of Jacquie Moore, Shawn
Poirier and Ryan McCay. Suncor was represented
by Blake, Cassels & Graydon LLP with a team
that included Peter Keohane, Keith Byblow, Ky
Kvisle and Justin McCrae (energy and M&A),
Robert Kopstein and Dan Jankovic (tax) and
James Desjardins (banking and finance).
Norton Rose Fulbright Canada LLP advised
Mocal and JX with a team that included Robert
Froehlich, Rujuta Patel, Crae Garrett, Wayne Fe-
dun, Colleen Abel and Sean Wallace (energy and
M&A), Dion Legge (tax) and Matthew Longstaff
(banking and finance).
INNERGEX RENEWABLE
ENERGY ACQUIRES ALTERRA
POWER CORP. FOR $1.1B
On February 6, 2018, Innergex Renewable En-
ergy Inc. (Innergex) completed the acquisition
of Alterra Power Corp. (Alterra) by way of an
arrangement agreement pursuant to which Inn-
ergex acquired all of the issued and outstanding
common shares of Alterra for an aggregate con-
sideration of $1.1 billion, including the assump-
tion of Alterra's debt. Alterra's shares were del-
isted from the Toronto Stock Exchange on Feb-
ruary 7, and Alterra has ceased to be a reporting
issuer under applicable Canadian securities laws.
Concurrently with the closing, Innergex has
successfully completed the financing of the cash
portion of the acquisition with a $150-million
subordinated unsecured 5-year term loan from
Caisse de dépôt et placement du Québec. In-
nergex's revolving credit facilities have also been
