26 LEXPERT MAGAZINE
|
JULY/AUGUST 2017
BIG DEALS
nett Jones included Bryan Haynes and Kah-
lan Mills (corporate and securities).
Oil & Gas Oil & Gas
WATEROUS ENERGY FUND
ACQUIRES 67% OWNERSHIP
OF NORTHERN BLIZZARD
RESOURCES INC.
CLOSING DATE: MAY 11, 2017
On May 11, 2017, companies controlled by
Waterous Energy Fund (WEF) acquired
approximately 67 per cent of the issued and
outstanding common shares of Northern
Blizzard Resources Inc. (Northern Blizzard)
from affiliates of Riverstone Holdings, LLC
(Riverstone), and NGP Energy Capital Man-
agement, LLC (NGP) in a transaction valued
at approximately $244 million.
Northern Blizzard is a Canadian crude oil
production and development company head-
quartered in Calgary and focused on maximiz-
ing oil recovery from its large-scale oil resource
base. Northern Blizzard's common shares are
listed on the TSX under the symbol "NBZ."
WEF is a Calgary-headquartered oil and
gas private-equity firm founded by Adam
Waterous. e firm targets a focused portfo-
lio of owned and controlled investment op-
portunities between $100 and $400 million
across North America.
McMillan LLP acted as counsel to WEF
with a team composed of Desmond Balakrish-
nan, Cory Kent, Michael ackray, Will Van
Horne and Ravipal Bains (capital markets and
M&A), François Tougas (competition), Peter
Botz (tax) and Herbert Ono (US securities).
Bennett Jones LLP acted as Canadian
legal counsel to Riverstone and NGP with
a team that included John Mercury, Kahlan
Mills, James McClary, John Lawless and Kis-
mat Nijjar (capital markets and M&A) and
Beth Riley (competition).
Latham & Watkins LLP acted as US
counsel to Riverstone with a team composed
of Nick Luongo and Victoria VanStekelen-
burg (corporate).
Northern Blizzard was represented by Os-
ler, Hoskin & Harcourt LLP with a team
that included Noralee Bradley, Justin Sher-
man and Kelsey Armstrong (corporate) and
Peter Glossop (competition).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
CAPITAL POWER ACQUIRES
THE THERMAL POWER
BUSINESS OF VERESEN
CLOSING DATE: APRIL 13, 2017
On April 13, 2017, Capital Power Corp. an-
nounced that it had successfully completed
the acquisition of Veresen Inc.'s two gas-fired
generation facilities in Ontario, consisting
of the 84 MW East Windsor Cogeneration
Centre and a 50-per-cent interest in the 400
MW York Energy Centre.
Capital Power was represented in-house by
Jeff Piercy, Associate General Counsel, and
by Dentons Canada LLP with a team lead
by Bill Gilliland, and including Toby Allan,
Dan Shea, Jessica Myers, Allen Garson, Vi-
vek Bakshi, Ron Stuber and Shoshana Web-
