24 LEXPERT MAGAZINE
|
APRIL/MAY 2017
BIG DEALS
loway (corporate/securities) and Glyn Men-
ard (tax); on Canadian corporate and securi-
ties matters, by Blake, Cassels & Graydon
LLP with a team including Ross Bentley, Jeff
Bakker, Trevor Rowles and Nicole Cargill;
on Canadian tax matters, by Stikeman El-
liott LLP with a team including Douglas
Richardson and Julie D'Avignon; and on US
matters, by a team at Mayer Brown LLP in-
cluding Michael Hermsen and Nicole Puza
(corporate/securities), James Barry (tax)
along with Lennine Occhino and Elizabeth
Dyer (ERISA).
e underwriters were represented on
US matters by a team at Paul, Weiss, Rif-
kind, Wharton & Garrison LLP including
Christopher Cummings, Stephen Centa and
Ronnie Ollo (corporate/securities), William
O'Brien (environmental law) and David
Mayo (tax); and on Canadian matters, by
Norton Rose Fulbright Canada LLP with
a team including Jennifer Kennedy, Kath-
leen Cowick and Jason Giborski (corporate/
securities) and Dion Legge (tax).
Utilities Financials Health Research
Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
GMP ACQUIRES
FIRSTENERGY CAPITAL
CLOSING DATE: OCTOBER 3, 2016
GMP Capital Inc. ("GMP") (TSX: GMP)
completed the acquisition of FirstEnergy
Capital Corp. (FirstEnergy), an industry
leader in the global energy sector. e com-
bination of GMP and FirstEnergy creates a
premier franchise in the global energy and
Canadian independent brokerage spaces.
Concurrent with closing, GMP combined
its existing energy franchise with FirstEner-
gy, and rebranded as GMP FirstEnergy.
On closing, GMP issued 11,161,671 GMP
common shares to FirstEnergy shareholders,
with the remaining balance of the consider-
ation to be paid to FirstEnergy shareholders
in the form of a five-year promissory note. A
significant portion of the common shares is-
sued to FirstEnergy shareholders are subject
to an escrow agreement and will vest over a
four-year period.
GMP is a leading independent diversified
financial services firm.
GMP FirstEnergy is an industry leader in
the global energy sector providing financial
advisory and investment services to a broad
range of corporate clients and sophisticated
investors worldwide.
GMP was represented in-house by Krista
Coburn, General Counsel, and assisted by
Goodmans LLP with a team that included
Francesca Guolo, Kari MacKay, Robert
Vaux, Andrea Tsoulogiannis and Resa Jacob
(corporate), Jon Northup and Ken Sadding-
ton (tax), Richard Annan (competition) and
Amalia Berg (IP).
FirstEnergy was represented by Burnet,
Duckworth & Palmer LLP with a team
that included Grant Zawalsky, Kelsey Clark,
Lindsay Cox and Paul Mereau (corporate),
Denise McMullen (tax), Gina Ross (employ-
ment), Jody Wivcharuk (competition) and
George Wowk (IP).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
DEVON COMPLETES
THE SALE OF ITS ACCESS
PIPELINE INTEREST
CLOSING DATE: OCTOBER 6, 2016
On October 6, 2016, Devon Energy Corp.
(NYSE: DVN) completed the sale of its
50-per-cent ownership interest in Access
Pipeline System and Access Pipeline Inc. to
Wolf Midstream Inc., a portfolio company
of CPPIB, for $1.4 billion. e transaction
includes a long-term transportation services
agreement between Devon and Wolf Mid-
stream, which allows for Access Pipeline tolls
to be reduced following future development
of multiple projects on Devon's Pike lease in
Alberta, Canada. Devon also has the right
to receive an incremental $150-million pay-
ment from Wolf Midstream upon the sanc-
tioning and development of a new thermal-
oil project on Devon's Pike lease.
Wolf Midstream Inc., the purchaser, was
represented by Norton Rose Fulbright
Canada LLP, with a team led by Rick Bor-
den, KayLynn Litton, Dion Legge, Darren
Hueppelsheuser, Terry Hughes, Danielle
Maksimow, Adam Lamoureux, Rujuta Patel,
Tina Sun and Mario Babic.
Devon Energy Corp., the vendor, was rep-
resented by Bennett Jones LLP, with a team
comprising Patrick Maguire, Anu Nijhawan,
Beth Riley, Vivek Warrier, Ashley White
and Jennifer Asquin.
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce
Consumer Staples
INTER PIPELINE CLOSES
$1.35B ACQUISITION
OF WILLIAMS CANADA
CLOSING DATE: SEPTEMBER 23, 2016
On September 23, 2016, Inter Pipeline Ltd.
("Inter Pipeline") completed its acquisition
of e Williams Companies, Inc. and Wil-
liams Partners LP's Canadian natural gas liq-
uids ("NGL") midstream businesses ("Wil-
liams Canada") for $1.35 billion in cash.
As a result of the acquisition, Inter Pipe-
line assumes ownership of Williams Can-
ada's two gas-liquids extraction plants near
Fort McMurray, Alberta, a fractionator
Insight
At Stewart Title we have the knowledge and insight to
help you mitigate the risks involved in closing commercial
real estate transactions.
For a title insurance quote on your next transaction
call (888) 667-5151 or visit stewart.ca.
© 2017 Stewart. All rights reserved. See policies for full terms and conditions.
