Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.
Issue link: https://digital.carswellmedia.com/i/1480511
28 www.lexpert.ca Big Deals COMPILED BY ZENA OLIJNYK AND KIEZZSA CRUZ on a disciplined corporate strategy. Peters & Co. provides investment services to institutional investors and private clients; employs its own trading group; performs specialized and comprehensive investment research on the Canadian energy sector; and is an active underwriter for, and financial advisor to, companies active in the Canadian energy industry. McCarthy Tétrault LLP assisted the agents with a team led by Gordon Cameron that included Farhiyah Shariff and Simran Choongh (Business). Burnet Duckworth and Palmer LLP acted as counsel to the company with a team led by Syd Abougoush that included Bronwyn Inkster and Katy Josephs. EKONA POWER RECEIVES $79-MILLION EQUITY FUND TO COMMERCIALIZE CLEAN HYDROGEN TECH CLOSING DATE: JANUARY 28, 2022 On January 28, 2022, Ekona Power Inc. completed a $79-million equity investment led by Baker Hughes Company and received participation from prominent partners such as Mitsui & Co. Ltd., ConocoPhillips Company, TransAlta Corporation, Continental Resources, Inc., NGIF Cleantech Ventures Inc., and BDC Capital Corporation. e investment, a Class B preferred share treasury financing, closed in multiple tranches, including on November 2, 2021, December 30, 2021, and January 28, 2022. e funds will support the commercial- ization of Ekona's novel methane pyrolysis technology platform to produce cleaner and lower-cost hydrogen. e goal is to decarbonize multiple markets, including upgrading, refining, power generation, chem- icals manufacturing, steel production, as well as natural gas transmission and distribution. Blake Cassels & Graydon LLP repre- sented Ekona with a team led by Christina Huber and including Emma Costante (Corporate/M&A); Benjamin Effa (Real Estate); John Fast and Joe McGrade (Competition); Bill Maclagan and Kevin Zimka (Tax); Gary Mo, Tristan Schmoor, and Iain Tape (Securities/M&A); and Celine Poitras (IT). McDermitt Will & Emery LLP repre- sented Baker Hughes with a team led by Sam Snider. Lawson Lundell LLP represented BDC Capital with a team led by Gillian Muirhead. Osler Hoskin & Harcourt LLP repre- sented Evok Innovations with a team consisting of Justin Young and Jacob Young. Miller Titerle + Company represented IBET with a team consisting of Steve Sharpless (M&A) and Daniel Fogarty (Corporate and Tax). ENBRIDGE CLOSES $750-MILLION OFFERING OF 5 PERCENT FIXED-TO- FIXED RATE SUBORDINATE NOTES CLOSING DATE: JANUARY 19, 2022 On January 19, 2022, Enbridge Inc. completed its offering of $750-million aggre- gate principal amount of 5 percent fixed-to- fixed rate subordinated notes series 2022-A due January 19, 2082. e syndicate of under- writers was co-led by RBC Capital Markets, BMO Capital Markets, and CIBC Capital Markets, on a private placement basis. Enbridge, based in Calgary, is a Canadian multinational energy transpor- tation company. McCarthy Tétrault LLP advised Enbridge with a team led by John Osler, which included Toby Allan and Simran Choongh (Business); and Brett Anderson, and Kimberly Brown (Tax). Dentons Canada LLP served as opposing counsel, with a team led by Dan Shea and included Lucas Tomei, Jessica Myers, and Gabriel Simons (Student at Law). CDPQ ACQUIRES MAJORITY STAKE IN LIMITED PARTNERSHIP TRENCAP CLOSING DATE: JANUARY 18, 2022 On January 18, 2022, Caisse de dépôt et placement du Québec (CDPQ) announced an increase in its majority stake in limited partnership Trencap L.P., alongside the Fonds de solidarité FTQ. Trencap owns 100 percent of Énergir, a Quebec-based natural gas and power distributor servicing Québec and the northeastern United States. Following the closing of this transaction, CDPQ now holds 80.9 percent of Trencap shares, while the Fonds de solidarité FTQ maintains its 19.1 percent stake in the company. CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. McCarthy Tétrault LLP advised CDPQ with a team led by Patrick Boucher that included Isabelle Nazon (Business) and Fred Purkey (Tax). MCKAY MÉTIS ACQUIRES ATHABASKA ASSETS FOR $21 MILLION CLOSING DATE: JANUARY 2022 McKay Métis Contracting LP acquired the assets of Athabaska Corp. and its subsidiaries, also known as Roughrider International, in a $21-million deal heralded as one of the first of its kind for Indigenous businesses. Roughrider is an energy services company based in Fort McMurray, AB, specializing in managing, distributing, and storing diesel > ENERGY DEALS