24 LEXPERT MAGAZINE
|
JUNE 2017
BIG DEALS
Derek Powers, Kenza Bensaid (corporate),
Steve Suarez, Richard Eisenbraun and Pam
Cross (tax), Subrata Bhattacharjee and Greg
McLean (competition & Investment Canada
Act), Clifford Hart, Maddie Axelrod and
James Fu (labour & employment), Andrew
Harrison (pensions), Catherine Bray, Bren-
nan Carroll and Andrew Guerrisi (real estate),
Rick Coburn and Marie Claude Bellemare
(environmental), Christine Pallotta (intellec-
tual property) and Howard Silverman (finan-
cial services). e Morgan Lewis team was led
by Benjamin Wills and Conor Larkin.
Suncor Energy was represented in-house by
Kristopher Smith, Executive Vice President,
Downstream; omas Kehler, Vice President,
Legal Affairs – Operations; Joe Vetrone, Vice
President, Integration & Planning – Refining
& Marketing; as well as George Fraser, Direc-
tor, Legal Affairs – Refining & Marketing.
Blake, Cassels & Graydon LLP advised
Suncor Energy externally. e Blake, Cassels
& Graydon team was led by Peter Keohane
and included Chris Harris, David Kruse,
Evan Herbert, Christine Yick, Kevin Kerr,
Garrett Morin, Ky Kvisle, Alana McElhin-
ney, Sheizana Murji and Ian Clarke (cor-
porate/oil & gas); Tony Prenol and Sarah
O'Grady (intellectual property); Jason Gu-
dofsky and Joshua Krane (competition &
antitrust) Jeremy Forgie and Sean Maxwell
(pensions); Joseph Grignano and Patrick
Gordon (real estate) Christine Ing, Troy
Lehman, David Feldman and Anatoly Zhit-
nik (IT); Jonathan Kahn and Doug Taylor
(environmental); Holly Reid, Birch Miller
and de Lobe Lederman (employment & la-
bour); Dufferin Harper, Michael Dixon and
Mario Pedro (litigation); Robert Kopstein,
Zvi Halpern and Daniel Jankovic (tax) and
Andrew Kolody (financial services).
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
BORALEX ACQUIRES
ENERCON CANADA'S
INTEREST IN THE NIAGARA
REGION WIND FARM PROJECT
CLOSING DATE: JANUARY 18, 2017
On January 18, 2017, Boralex Inc. ("Boral-
ex") a leader in the Canadian market for the
development, building and operation of re-
newable energy power facilities and France's
largest independent producer of onshore
wind power, completed the acquisition of
all of the economic interest of ENERCON
Canada Inc. ("ENERCON") in the 230
MW Niagara Region Wind Farm Project
(the "Project"), located in the Province of
Ontario, for a total cash consideration of ap-
proximately $232.4 million. In connection
with the transaction, Boralex accessed to the
Project's senior secured ring-fenced financ-
ing from a syndicate of international finan-
cial institutions, totaling $832.5 million. e
financing was guaranteed by Euler Hermes,
the German Export Credit Agency.
e Project is equipped with 77 state-of-
the-art ENERCON E-101 wind turbines
of 3 MW each and provides power to thou-
sands of Ontario homes with clean, emis-
sion- and pollution-free energy.
Boralex was represented by Pascal Hur-
tubise (Vice-President, Legal Affairs, North
America) and by Stikeman Elliott LLP,
with a team of Maxime Turcotte, Maxime
Jacquin, Dominique Rolland (M&A), Max-
ime Jacquin, Dominique Rolland (project
finance), Franco Gadoury, Philippe Kat-
tan (tax), Jeffrey Brown (competition), and
Glenn Zacher (regulatory - energy).
ENERCON was represented by Amina
Kherbouche (Legal Counsel, Legal Affairs,
Canada), and by Fasken Martineau Du-
Moulin LLP, with a team of Peter Ascherl,
Will Shaw, Laura Fetter (M&A), Jon Hol-
mstrom, Jay Choi, Noel Chow (project fi-
nance) Chris Steeves (tax), Huy Do (compe-
tition) and Paul King (real estate).
e syndicate of lenders was represented
by Blake, Cassels & Graydon LLP, with
a team of Sébastien Vilder, Aude Godfroy,
Mahnaz Jan Ali, Gabriel Bastien and Rebec-
ca Dawe (project financing).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
POWERSTREAM, ENERSOURCE
AND HORIZON AMALGAMATE,
FORMING ALECTRA
CLOSING DATE: JANUARY 31, 2017
On January 31, 2017, PowerStream Holdings
Inc., Enersource Holdings Inc. and Horizon
Holdings Inc. amalgamated to form Alectra
Inc. Immediately aer their amalgamation,
Alectra Inc.'s subsidiaries, PowerStream Inc.,
Enersource Hydro Mississauga Inc. and Ho-
rizon Utilities Corp. amalgamated to form
Alectra Utilities Corp. Alectra Utilities
Corp. is expected to complete its acquisition
of Hydro One Brampton Networks Inc. on
February 28, 2017.
e resulting entity is one of the largest
municipally owned electricity utilities in
Canada. Alectra Utilities Corp. serves ap-
proximately one million homes and business-
es in the Greater Toronto-Hamilton Area,
and is operational within a 1,800-square-
kilometre service territory comprising 15
Ontario communities.
e communities that are now served by
the amalgamated companies are Alliston,
Aurora, Barrie, Beeton, Brampton, Bradford,
Hamilton, Markham, Mississauga, Penetan-
