20 LEXPERT MAGAZINE
|
NOVEMBER/DECEMBER 2018
BIG DEALS
and Jeffrey Cohen (corporate), Christopher
Williams and Richard Lee (banking) and
Jonathan Neuville and Andrew Morris (tax).
Webber Wentzel LLP acted as South Af-
rican counsel to Sibanye with a team com-
posed of Sean Gilmour, Brian Dennehy and
Shirleen Ritchie (tax).
CENTRILOGIC SECURES
STRATEGIC EQUITY
INVESTMENT FROM TRISPAN
OPPORTUNITIES FUND AND
LONG POINT CAPITAL
CLOSING DATE: JUNE 13, 2018
On June 13, 2018, CentriLogic, a global pro-
vider of managed IT solutions, announced
that it secured a significant equity invest-
ment from TriSpan Opportunities Fund and
Long Point Capital. Financial terms of the
investment were not disclosed.
CentriLogic intends to use the new invest-
ment to support its strategy of delivering end-
to-end managed hosting, private network,
and application management solutions to
mid and large-sized enterprises globally.
New York-based TriSpan is an indepen-
dent global alternative investment manager
established in 2015 with the backing of lead-
ing family groups from the US, Europe and
the Middle East. TriSpan Opportunities
Fund offers deal-by-deal co-investment op-
portunities on a formulaic basis.
With offices in New York and Michi-
gan, Long Point Capital is currently in-
vesting from Long Point Capital Fund III
with $240 million of capital in partnership
with TriSpan.
Torkin Manes LLP represented Cen-
triLogic Inc., its shareholders and affiliated
entities in Canada with a team led by Mat-
thew Tevlin and Adrian Myers and includ-
ing Dania Mastrorillo, Nicholas Dempsey
(corporate/M&A), Kay Leung (tax), Fay Sul-
ley and Leslie McGowran (banking).
US counsel to CentriLogic included
Richard Raymer, Joe Genereux and Maggie
Carnahan of Dorsey & Whitney LLP. UK
counsel included Daniel Rosenberg, David
Hick, Roya Zohrabi, Daniel Sullivan, Chris-
topher Forrest and Charlie Ring of Charles
Russell Speechlys and Guernsey counsel
included Andrew Munro, Jessica Barnes and
Craig Cordle of Ogier.
Long Point Capital was represented in
Canada by Daniel Lang, Jason Saltzman, Lu-
Anne Morrow, Jospeh DiPonio, Todd Kee-
ler, Stephanie Young, James Fu, Maciej Lip-
inkski and Kate Dearden of Borden Ladner
Gervais LLP. US counsel included Anthony
Norris, Ellen Wheeler, Anna Park, Rae Hui
Shee, Dennis Genshenza, Matthew Judd of
Ropes & Gray LLP.
HSBC Bank Canada was represented by
Dennis Wiebe, Daniel Augustinovic and
Annette Fournier of Dentons Canada LLP,
Jonathan Beech and Catherine Astruc of
Dentons UK LLP, Doug Wingo of Den-
tons US LLP and Laveen Ladharam and
Matthew Macfarlane of Ogier.
Oil & Gas Oil & Gas Oil & Gas
NEP CANADA ULC IN ITS SALE
TO ASPENLEAF ENERGY LTD.
CLOSING DATE: JULY 31, 2018
NEP Canada Corp., a wholly owned sub-
sidiary of Newton Energy Partners LLC of
Houston and a portfolio company of Kayne
Anderson Funds, indirectly sold all of the
outstanding shares in NEP Canada ULC, its
Canadian exploration and production oper-
ating subsidiary, to Aspenleaf Energy Ltd., a
private oil and gas company focused on the
acquisition and exploitation of light oil and
liquids-rich gas assets in Western Canada.
e transaction consisted of cash and
common shares of Aspenleaf. Aspenleaf is
backed by ARC Financial Corp, a Canadian
energy-focused private equity manager, and
Ontario Teachers' Pension Plan. e closing
was announced on July 31, 2018.
Bennett Jones LLP advised NEP Canada
on all aspects of the transaction, which was
led by Vivek Warrier and consisted of a team
including Beth Riley, Darcy Moch, Harind-
er Basra, Jeremy Russell, John Batzel, Karen
Dawson, Michael Mysak, Andrew Kemp,
Helen Cox, Jared Mackey and Kevin Myson.
Osler, Hoskin & Harcourt LLP acted
as legal counsel to Aspenleaf and was led by
Neal Ross with a team including Paula Olex-
iuk (energy), Lorne Carson and Dana Saric
(corporate lending), Shuli Rodal and Jaime
Auron (competition), Ted iessen (tax) and
Justin Sherman (corporate).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
TECK COMPLETES SALE
OF WANETA DAM TO BC HYDRO
CLOSING DATE: JULY 26, 2018
On July 26, 2018, Teck Resources Ltd.
(Teck) completed the sale of its remaining
two-thirds interest in the Waneta Hydro-
electric Generating Facility to BC Hydro
(BC Hydro) for $1.2B. Waneta is a 496MW
hydroelectric dam located near Trail, British
Columbia. As part of the sale, Teck Metals
Ltd. (Teck Metals) holds a 20-year lease to
use the two-thirds interest in Waneta to pro-
duce power for its industrial operations in
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