22 LEXPERT MAGAZINE
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JULY/AUGUST 2017
BIG DEALS
expected to take approximately 40 months.
Bennett Jones LLP served as Chief Legal Advisor to the Govern-
ment of Bermuda with a team led by Duncan Card in Bermuda, and
including Paul Blundy, Leonard Griffiths, Art Peltomaa, Peter West-
cott, Carl Cunningham, Preet Bell and Michael DeFaria in Toronto.
Aecon Group was represented by Aecon Group's Associate General
Counsel, Colin Sam; and externally by Jody Aldcorn, Linda Brown,
Byran Gibson, Jim Janetos, Pavan Jawanda, Ailbish Skinner, Diego
Beltran, Meredith Bragg, Liezl Behm, Samantha Cunliffe, Joy Ren,
Patrick Beechinor and Erin O'Callaghan at McCarthy Tétrault
LLP; by David Cooke, Niel Jones, Christian Luthi, Francesca Fox,
Stephanie Hanson, Jennifer Panchaud and William Cooper at Cony-
ers Dill & Pearman; and by Riccardo Leofanti and Ryan Hickey at
Skadden, Arps, Slate, Meagher & Flom LLP.
Canadian Commercial Corp. was represented by Assistant Gen-
eral Counsel, Wendy Dempsey and Andrew Prevost.
e US private placement investors were represented by Mayer
Brown LLP and Appleby (Bermuda) Limited. e team from May-
er Brown comprised Douglas Doetsch, Daniel Whitmore and Ian
Lindsay. e team from Appleby was led by Steven Rees Davies and
Sally Penrose, and included Tim Faries, John Wasty, Scott Swainson,
Mike Hanson, Sarita Ebbin, Claudia Eisenberg, Ashley Fife, Megan
Denos, Jessica Almeida, Matt Carr, Matt Godfrey and Jamie Rego.
e Bermuda Airport Authority was represented by MJM Limit-
ed, with a team including Peter Martin and Jane Collis. e Bermuda
Civil Aviation Authority was represented by Fozeia Rana-Fahy, also
at MJM Limited.
Rob Ripin and Kristy olanikunnel of Hogan Lovells US LLP
acted on behalf of e Bank of New York Mellon as Offshore Col-
lateral Agent and Insurance Trustee.
Oil & Gas Oil & Gas Oil & Gas
SOURCE ENERGY SERVICES LTD.
COMPLETES $175M IPO
CLOSING DATE: APRIL 13, 2017
On April 13, 2017, Source Energy Services Ltd. (Source) completed
an initial public offering of approximately 16.7 million common
shares at $10.50 per common share for aggregate gross proceeds of ap-
proximately $175 million. e common shares of Source are listed on
the Toronto Stock Exchange under the symbol "SHLE."
e offering was made through a syndicate of underwriters co-led
by Scotia Capital Inc., Morgan Stanley Canada Limited and BMO
Nesbitt Burns Inc. and including CIBC World Markets Inc., Gold-
man Sachs Canada Inc., Raymond James Ltd., RBC Dominion Se-
curities Inc., Canaccord Genuity Corp., AltaCorp Capital Corp.,
Cowen and Company, LLC, GMP Securities L.P. and Peters & Co.
Limited (collectively, the Underwriters).
Source is a fully integrated producer, supplier and distributor of
high-quality Northern White frac sand, which is a preferred prop-
pant used to enhance hydrocarbon recovery in the hydraulic fractur-
ing of oil and natural gas wells.
Source was represented by Stikeman Elliott LLP on matters of
Canadian law, with a team that included Craig Story, Leland Cor-
bett, Carolyn Simpson, Amanda Kousinioris, Patrick McNally, Hai-
feng Hu and Stephen Wintermute (corporate and securities), and
Julie D'Avignon and Kevin Guenther (tax); and by ompson &
Knight LLP on matters of US law, with a team that included Timo-
thy Samson, Alen Baden and Stephen Grant (corporate and securi-
ties) and Roger Aksamit and John Cohn (tax).
e Underwriters were represented by Blake, Cassels & Graydon
LLP on matters of Canadian law, with a team including Tim Andi-
son, Sarah Hammond, Robert Seager, Andrew Goldie, Mike Proud-
foot and Kendall Grant (corporate and securities) and Chris Van
Loan (tax); and by Skadden, Arps, Slate, Meagher & Flom LLP on
matters of US law, with a team including Christopher Morgan, An-
nabelle Gardere and Maia Bessemer (corporate and securities).
SYNTAX SYSTEMS ACQUIRES
CORE SERVICES CORP.
CLOSING DATE: APRIL 18, 2017
Syntax Systems Ltd., a Novacap portfolio company, completed the
acquisition of Core Services Corp. on April 18, 2017. Together, the
combined entities will create one of the leading North American
technology services firms offering best-in-class cloud-managed ser-
vices, application-managed services and consulting services for En-
terprise Resource Planning applications employed by mid-sized and
large enterprises.
