LEXPERT MAGAZINE
|
NOVEMBER/DECEMBER 2018 29
|
CORPORATE TRANSACTIONS OF IMPORTANCE
|
SMBC (Sumitomo Mitsui Banking
Corporation) acted as financial advisor to
Transurban and Macquarie Capital acted as
financial advisor to Macquarie Infrastruc-
ture Partners.
Insurance Insurance
NAVACORD COMPLETES
MANAGEMENT-LED BUYOUT
WITH SUPPORT OF MADISON
DEARBORN PARTNERS
CLOSING DATE: AUGUST 3, 2018
On August 3, 2018, Navacord Inc. (Nava-
cord), a leading Canadian insurance broker-
age, completed a management-led buyout of
its minority partner with the support of US
private equity firm Madison Dearborn Part-
ners (MDP), a leading private equity firm
based in Chicago.
Navacord was represented by Paul, Weiss,
Riind, Wharton & Garrison LLP, with
a team that included Adam Givertz, An-
drea Quek, Jacob Klugman, Robert Pohlus
and ea Winterton-Perks (M&A), Dale
Sarro and omas Holber (finance), Marta
Kelly and Rebekah Scherr (antitrust) and
Lauri Penn (employee benefits), as well as by
Heather Barnhouse from Dentons Canada
LLP and Michael McBride of McBride
Wallace Laurent & Cord LLP with respect
to certain Canadian corporate matters and
Mike Dolson of Felesky Flynn LLP with
respect to Canadian tax matters.
MDP was represented in Canada by Peter
Castiel, Kevin Custodio, Hélia Taheri, Sa-
mantha Allen and Talia Bensoussan (M&A),
Serge Levy and John Simpson (finance) and
Frank Mathieu and Adam Drori (tax) of
Stikeman Elliott LLP; and in the US by
Neal Reenan, Joydeep Dasmunshi and Mer-
rick Doll (M&A), Brian Tweedie and Sean
Hilson (debt finance), and Rachel Cantor
and Jeffrey Ekeberg (tax) of Kirkland & El-
lis LLP.
Oil & Gas Oil & Gas Oil & Gas
VERESEN MIDSTREAM LP
CLOSES RESTATEMENT
OF CREDIT FACILITIES
CLOSING DATE: APRIL 20, 2018
Veresen Midstream LP closed a restatement
of its credit facilities in the aggregate amount
of $2.775 billion on April 20, 2018, restating
a 2015 New York law governed credit agree-
ment into an Alberta law governed loan ar-
rangement providing for a $2.5-billion term
loan commitment, a $200-million revolv-
ing commitment and a $25-million operat-
ing commitment. e loan arrangement is
thought to be one of the largest non-invest-
ment grade bank financings in the history of
the Canadian bank market.
Veresen Midstream Limited Partnership
is a natural gas midstream business located
in Western Canada and owned by Pembina
Pipeline Corp. and Kohlberg Kravis Roberts
& Co. LP.
Bennett Jones LLP represented Veresen
Midstream Limited Partnership with a team
including Karen Dawson, Noriko Shimura
and Michael Ramsay.
Counsel to the lenders and the agent was
Norton Rose Fulbright Canada LLP, with
a team including Richard Borden and Mar-
low Gereluk.
NEW WATER CAPITAL
ACQUIRES TRILLIUM HEALTH
CARE PRODUCTS
CLOSING DATE: AUGUST 15, 2018
On August 15, 2018, New Water Capital
L.P. (New Water), a Boca Raton-based pri-
vate equity firm focused on lower-middle
market companies, completed its acquisition
of Trillium Health Care Products (THC),
a premier contract manufacturer of catego-
ry-leading OTC products for some of the
world's top pharmaceutical companies.
New Water was represented in Canada
by Mario Nigro, Jennifer Honeyman, Jared
Bachynski and Terry Grazier (corporate),
Frank Mathieu, Jean-Guillaume Shooner
and Adam Drori (tax), Mark McElheran
and Chad Bass-Meldrum (banking and fi-
nance), Natasha VandenHoven, Allyson
Marta and Kelly O'Ferrall (employment,
labour and pensions), Michael Laskey and
Gideon Kwinter (competition/anti-trust),
Larry Cobb (environmental), Ryan Sheahan
and Jessica Rutledge (regulatory), and Dana
Porter and Ciaron Czajkowski (real estate)
of Stikeman Elliott LLP and in the US by
Douglas Gessner, Corey Fox, Cole Parker
and Eric Sweigard of Kirkland & Ellis LLP.
e majority shareholders of THC were
represented by Matthew Hibbert, Andrew
Bourns and Todd Melchior (corporate),
Mark Jadd (tax) and Michael Henriques
(banking and finance) of Dentons Cana-
da LLP.
TRIWEST CAPITAL PARTNERS
INVESTMENT INTO PRT
GROWING SERVICES LTD.
CLOSING DATE: AUGUST 23, 2018
TriWest Capital Partners invested in PRT
Growing Services Ltd. in partnership with
senior management. e financial terms of
the transaction were not disclosed.
PRT is an industry leader in commercial-
