20 LEXPERT MAGAZINE
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APRIL/MAY 2017
BIG DEALS
cial committee of Cynapsus with a team led by Tracy Hooey that
included Bradley Freelan and Jesse Bertollo (M&A and securities).
Stifel, Nicolaus & Co., Inc. served as financial advisor to the special
committee of Cynapsus.
Telecommunications Telecommunications
ALIGNVEST (SPAC) COMBINES
WITH TRILOGY INTERNATIONAL PARTNERS
CLOSING DATE: FEBRUARY 7, 2017
On February 7, 2017, Trilogy International Partners Inc. (formerly
Alignvest Acquisition Corporation) (TSX:AQX.A)(TSX:AQX.
WT) ("Trilogy") completed its qualifying acquisition under which
Trilogy effected a business combination with Trilogy International
Partners LLC by way of a court approved plan of arrangement. At
AQX's IPO price of $10.00 per AQX share, AQX/Trilogy is expected
to have an aggregate enterprise value of US$875 million.
is transaction is Canada's second qualifying acquisition by a
special-purpose acquisition company (SPAC).
e common shares and warrants of Trilogy are listed on the TSE
and currently trade under the symbols "AQX" and "AQX.W" respec-
tively, and are expected to trade under the new symbols "TRL" and
"TRL.W" respectively, on or about February 9, 2017.
Trilogy International Partners LLC was formed in 2005 as a pri-
vately held wireless telecommunications operator. Trilogy is the suc-
cessor to Western Wireless International, the former international
investment division of Western Wireless that managed 15 wireless
operations across the globe. Trilogy currently provides wireless com-
munications services through its operating subsidiaries in New Zea-
land and Bolivia. Trilogy's Bolivian subsidiary, NuevaTel, launched
operations in 2000 and was acquired by the Company from Western
Wireless in 2006. Trilogy launched 2degrees as a greenfield operation
in New Zealand in 2009.
2degrees in New Zealand, with estimated wireless market share of
approximately 23 per cent, and NuevaTel in Bolivia, with estimated
wireless market share of approximately 24 per cent, provide commu-
nications services customized for each market. 2degrees also provides
fixed voice and broadband services in New Zealand.
Trilogy International Partners was represented by an in-house
team led by Scott Morris, Senior Vice President and General Counsel.
Blake, Cassels & Graydon LLP acted as Canadian counsel to
Trilogy with a team led by Cheryl Slusarchuk (corporate) and includ-
ed Joseph Garcia (securities), Trisha Robertson (securities), Bruce Sin-
clair and Soraya Jamal (tax), Brendan Reay (securities), Chris Hewat
(securities), Kyle Misewich (securities), Emma Costante (corporate),
Brendan DePoe (securities), Minji Park (securities) and Daniel Cher-
niak (securities), Sean Boyle and Ryan Morris (litigation), Roy Millen
(international trade) and Sunny Handa (communications).
Friedman Kaplan Seiler & Adelman LLP acted as US counsel
to Trilogy with a team that included Barry Edelman, Gregg Lerner,
Michael Gordon and Elliot Choi (corporate) and Norman Alpert (se-
curities). Jones Day acted as US tax counsel to Trilogy with a team
that included Lester Droller.
Stikeman Elliott LLP acted as Canadian counsel to Alignvest
with a team led by Simon Romano (securities) and including Don Be-
lovich (securities), Slavica Stojimirovic (corporate), John Lorito (tax),
Paul Burd (corporate) and Eliot Kolers, Alexander Rose and David
Spence (litigation).
Dorsey & Whitney LLP acted as US counsel to Alignvest with a
team that included Richard Raymer and John Hollinrake (securities).
ELDORADO CLOSES SALE
OF ITS CHINESE MINING ASSETS TO YINTAI
CLOSING DATE: NOVEMBER 21, 2016
On November 21, 2016, Eldorado Gold Corporation ("Eldorado")
completed the sale of its respective interest in the White Mountain
and Tanjianshan mines and the Eastern Dragon development project
in China to an affiliate of Yintai Resources Co. Ltd. ("Yintai") for
US$600 million in cash, subject to certain closing and post-closing
adjustments, pursuant to a share purchase agreement which was ex-
ecuted on May 16, 2016.
Eldorado is a Canada-based, low-cost gold producer with opera-
tions in Turkey, Greece, Romania and Brazil.
Yintai Resources Co. Ltd. is a non-ferrous metals mining company.
Blake, Cassels & Graydon LLP acted as Canadian legal coun-
sel to Yintai with a team that included Michael Laffin, Zaichi Hu,
Robert Kwauk, Bruce Rose-Innes and Jackie Anderson. Jingtian &
Gongcheng Law Firm acted as Chinese counsel to Yintai with a
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