Reid, David A.
Cox & Palmer
(902) 491-4131
dreid@coxandpalmer.com
Mr. Reid provides corporate,
commercial and regulatory
advice to major oil and gas
projects, exploration and
production companies, ser-
vice companies, regulatory
agents and government, and
renewable energy projects
such as wind and
tidal generation.
Richer La Flèche, Erik
Stikeman Elliott LLP
(514) 397-3109
ericherlafleche@stikeman.com
Mr. Richer La Flèche's prac-
tice extends to electricity,
oil and gas, including ex-
ploration pipelines, ports and
transmission lines. He has
acted in more than 35 coun-
tries. He is a member of the
Ontario and Québec Bars.
Rimer, Philip M.
Dentons Canada LLP
(613) 783-9634
philip.rimer@dentons.com
Mr. Rimer practises in pro-
ject and infrastructure, with
experience in Crown and
Aboriginal matters, acting on
both renewable energy
and MUSH projects.
Reid, James R.
Davies Ward Phillips
& Vineberg LLP
(416) 367-6974
jreid@dwpv.com
Mr. Reid has extensive
experience in M&A and
financing transactions in
the energy sector, including
advising Pattern Energy
on its joint venture with
Samsung and acting for
Fortis, a leader in the North
American electric and gas
utility business.
Riley, Y. Beth
Bennett Jones LLP
(403) 298-3096
rileyb@bennettjones.com
Ms. Riley focuses on corpor-
ate & securities law, and
competition & foreign
investment matters. Advises
on M&A, corporate finance,
corporate governance
and continuous disclosure
compliance.
Rodger, J. Mark
Borden Ladner Gervais LLP
(416) 367-6190
mrodger@blg.com
Mr. Rodger's energy practice
focuses on the regulatory,
corporate commercial and
government relations aspects
of the electricity, natural
gas and water sectors. He
represents private interests,
electricity and natural gas
utilities and governments.
of North America's fastest-growing distrib-
utors and marketers of fuel and lubricants,
completed its acquisition of the assets of fel-
low retail fuel marketer, Pioneer Energy LP
(Pioneer) on June 25, 2015.
e acquisition was completed for an ag-
gregate purchase price of $377 million, in-
cluding $258 million in cash, $119 million
in common shares of Parkland, consisting
of 5.8 million common shares of Parkland,
and the assumption of standard operating
liabilities. In connection with the acquisi-
tion, the commercial assets of Pioneer will
continue to be owned, operated and con-
trolled by Pioneer and its employees. Pio-
neer has commenced a strategic review to
evaluate opportunities for Pioneer to sell
the Pioneer Commercial Assets to a third
party in one or more transactions, and has
retained KPMG LLP to administer and
conduct any sales process involving the Pio-
neer Commercial Assets.
Closing of the acquisition followed an in-
terim order issued by the Competition Tri-
bunal (the Tribunal) on May 29, 2015, (the
Interim Order) upon application by the
Commissioner of Competition (the Com-
missioner) for an interim order under s. 104
of the Competition Act and an order under
s. 92 of the Competition Act challenging the
acquisition in respect of 14 local retail gas
markets. e Interim Order permitted the
acquisition to proceed and ordered that
Pioneer's assets located in six local markets
be held separate pending resolution of the
Commissioner's s. 92 application.
e Commissioner's application marked
the first time that the Tribunal had consid-
ered a contested application for an interim
injunction in respect of s. 104 of the Com-
petition Act.
Parkland Fuel Corporation was repre-
sented by Bennett Jones LLP with a team
led by John Piasta (corporate, M&A) and
including John Rook, QC, Randal Hughes
and Beth Riley (competition), Drew
Broughton and Elyse van Spronsen (corpo-
rate, M&A), Jane Helmstadter and Natalia
Iamundo (real estate), Greg Johnson (tax)
and Carl Cunningham (employment).
Pioneer Energy LP was represented by
Cassels Brock & Blackwell LLP with
a team led by Alison Manzer (financial
services) and including Carla Potter and
Roey Fishman (financial services), Jason
Sernoskie (business law), Chris Hersh and
Imran Ahmad (competition) and Rob Lysy
(real estate).
Suncor Energy Inc., as joint owner of Pi-
oneer, was represented by Blake, Cassels &
Graydon LLP with a team led by Graham
Smith (corporate, M&A), David Kruse
(corporate, M&A) and Jason Gudofsky
(competition). e Pioneer Group Inc., as
joint owner of Pioneer, was represented by
Davies Ward Phillips & Vineberg LLP
with a team that included Carol Penny-
cook (corporate, M&A, banking ) and Alex
Moore (corporate, M&A).
Crescent Point
Energy acquires Legacy
Oil + Gas Inc. for $1.53B
CLOSING DATE: JUNE 30, 2015
On June 30, 2015, Crescent Point Energy
Corp. (Crescent Point), one of Canada's
largest light and medium oil producers,
acquired all of the issued and outstanding
common shares of Legacy Oil + Gas Inc. by
way of arrangement (the Legacy Acquisi-
tion). e total consideration for the Leg-
acy Acquisition was approximately $1.53
billion, comprising approximately 18.97
million Crescent Point common shares
and the assumption of approximately $967
million of net debt. In connection with the
Legacy Acquisition, Crescent Point entered
into an agreement, on a bought deal basis,
with a syndicate of underwriters for an of-
fering of 21,060,000 Crescent Point com-
mon shares at $28.50 per share to raise gross
proceeds of approximately $600 million.
Norton Rose Fulbright Canada LLP
acted for Crescent Point on both the acqui-
sition and the financing. e team was led
by Mark Eade and included Dion Legge,
Rashi Sengar, Peter Allegretto, Kyle John-
son, Peter Allegretto and Nathan Hillier.
Dorsey & Whitney LLP acted for Cres-
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