20 LEXPERT MAGAZINE
|
SEPTEMBER 2017
BIG DEALS
Greene, Patrick Ekeruo, Scott Pearsall and
Nancy Dailey, Kimberly Loocke, Greg
Hume, Conner Pine and Lynne Hirata.
Oil & Gas Oil & Gas
TRICAN WELL
SERVICE LTD. ACQUIRES
CANYON SERVICES
GROUP INC.
CLOSING DATE: JUNE 2, 2017
On June 2, 2017, Trican Well Service Ltd.
(Trican) and Canyon Services Group Inc.
(Canyon) completed the previously an-
nounced acquisition of Canyon by Trican
pursuant to a plan of arrangement for ap-
proximately $627 million and an assumption
of approximately $38 million of net debt.
Trican provides a comprehensive array of
specialized products, equipment and services
that are used during the exploration and de-
velopment of oil and gas reserves.
Canyon provides hydraulic fracturing and
other well-stimulation services to oil and
natural gas producers.
e combination of the two companies
creates a Western Canadian leading energy
services firm in Canadian pressure pumping
and related services.
Canyon's legal team included Jeremy Mat-
thies, General Counsel. Canyon was repre-
sented by Burnet, Duckworth & Palmer
LLP, with a team that included Grant
MacKenzie, Alyson Goldman, Bronwyn
Inkster, Paul Mereau and Riley O'Brien
(securities), Kirk Lamb (tax), Sunil Joneja
(banking), Alicia Quesnel and Randon
Slaney (regulatory), Jeffrey Sharpe (litiga-
tion) and Bob Graham (employment).
Trican's legal team was composed of
Chika Onwuekwe, Vice President, Legal,
General Counsel and Corporate Secretary.
Trican was represented by Blake, Cassels
& Graydon LLP, with a team that included
Olga Kary, Shlomi Feiner, Ross Bentley,
Chelsea Hunter and Kathleen Cloutier (se-
curities), Carrie Aiken (tax), Jason Gudofsky
and Cassandra Brown (regulatory), David
Tupper (litigation), Warren Nishimura and
Maria-Rose Spronk (banking) and Birch
Miller (employment).
Oil & Gas Oil & Gas Oil & Gas
LUNDIN PETROLEUM
COMPLETES SPIN-OFF
OF INTERNATIONAL
PETROLEUM CORP.
AND RELATED FINANCING
CLOSING DATE: APRIL 24, 2017
On April 24, 2017, Lundin Petroleum AB,
a Swedish oil and gas company, completed
the cross-border spin-off of its then wholly
owned Canadian subsidiary International
Petroleum Corp. by way of distribution of all
the shares of International Petroleum to the
shareholders of Lundin Petroleum.
e spin-off created a new public company
listed on the Toronto Stock Exchange and
the Nasdaq First North exchange in Stock-
holm with approximately $560 million in
assets and an initial market capitalization of
over $500 million on day of listing.
International Petroleum is now an inde-
pendent upstream international oil and gas
exploration and production company with
a portfolio of assets in Malaysia, France and
the Netherlands.
In connection with the spin-off, Interna-
tional Petroleum's wholly owned subsidiary
Lundin Petroleum BV launched an offer to
purchase up to US$100 million of Interna-
tional Petroleum's common shares.
In order to finance such offer, certain
International Petroleum subsidiaries, in-
cluding Lundin Petroleum BV, entered
into a US$100-million reserve-based lend-
ing facility with a syndicate of banks. e
syndicate was led by BNP Paribas, Aus-
tralia and New Zealand Banking Group
(ANZ), BMO Capital Markets and Sco-
tiaBank Europe.
Lundin Petroleum was represented by Jef-
frey Fountain and Henrika Frykman and
by a team from Blake, Cassels & Graydon
LLP that included Peter O'Callaghan, Dan-
iel McLeod, Markus Viirland, Trevor Row-
les, Tim Phillips, Nav Dhaliwal, Jill Davis
and Chris Barker (corporate and securities),
Jeffrey Trossman and Evan Schmid (tax), and
Warren Nishimura, Jennifer Ruddick and
Danielle Butler (financial services).
Lundin Petroleum was represented in
Sweden by Gernandt & Danielsson Advo-
katbyrå KB with a team that included Carl
Westerberg, Erika Olofsson, Karin Käll-
ström and Lukas Åhman.
Ritchie Bros. was represented in London
by Ashurst LLP with a team that included
Huw omas, Alex Bartho, Zeina Talhouni,
Nicole Lim and Anthony Gray.
BMO Capital Markets was International
Petroleum's exclusive financial advisor and
Pareto Securities in Sweden acted as the is-
suing agent and Certified Adviser for Inter-
national Petroleum on Nasdaq First North.
BMO Capital Markets was represented by
a team from Dentons Canada LLP that in-
cluded William Gilliland, Lucas Tomei and
Nicole Bacsalmasi (corporate and securities).
