LEXPERT MAGAZINE
|
OCTOBER 2017 23
|
CORPORATE TRANSACTIONS OF IMPORTANCE
|
acted as external transaction counsel to Bar-
rick, with a team led by Melanie Shishler, and
including Joshua Kuretzky, Steve Cutler and
Jeffrey Li (mining and M&A), Scott Hyman
(finance), Geoffrey Turner (tax), Sarah Pow-
ell (environmental), and John Bodrug and
Jim Dinning (competition).
E-Commerce Construction & Engineering
Consumer Staples
LOGISTEC CORP. ACQUIRES
MAJORITY INTEREST
IN FER-PAL CONSTRUCTION LTD.
CLOSING DATE: JULY 6, 2017
On July 6, 2017, Logistec Corporation (Lo-
gistec), a marine and environmental services
provider, completed the acquisition of 51 per
cent of all of the issued and outstanding vot-
ing shares of Fer-Pal Construction Ltd. (Fer-
Pal). e purchase price comprised a cash
payment of $41.5 million and the issuance of
230,747 Class B subordinate voting shares in
the share capital of Logistec.
Fer-Pal specializes in water main rehabili-
tation projects of all types and sizes for mu-
nicipalities in Canada and the United States,
utilizing the Aqua-Pipe technology for the
trenchless rehabilitation of water mains de-
veloped and commercialized by Sanexen En-
vironmental Services Inc. (Sanexen), which is
a subsidiary of Logistec.
Logistec was represented in-house by In-
grid Stefancic, Vice-President, Corporate
and Legal Services, and assisted in Montréal
by a team at Lavery, de Billy, L.L.P. includ-
ing Christian Dumoulin, Guillaume Lavoie,
Isabelle Richard, Vincent Towner and Fran-
çois Arsenault (M&A), Éric Gélinas (tax),
Brittany Carson (employment), François
Parent (pension & benefits), Audrey-Julie
Dallaire (environmental) and Eric Lavallée
(IP) and by Fasken Martineau DuMoulin
LLP (Montréal office) with a team of Jean-
Michel Lapierre (securities), Marie-Eve Cla-
vet (M&A) and Alain Ranger (tax), as well as
in Toronto and in the United States by Torys
LLP with a team including David Chaikof,
Laura Sigurdson and Stefan Stauder (M&A).
Sanexen was also represented by Lavery, de
Billy, L.L.P.
Fer-Pal was represented by Stikeman El-
liott LLP with a team that included Robert
Carelli, Kevin Custodio, Hélia Taheri and
Samantha Allen (M&A), Éric Lévesque
and Nathaniel Lacasse (tax), Nancy Ram-
alho (employment), Natasha vandenHoven
(pension & benefits), Larry Cobb (environ-
mental), Mario Paura and Laura Delemere
(real estate) and Jonathan Auerbach (IP).
Kirkland & Ellis LLP acted as special
counsel to Fer-Pal with respect to certain
United States legal matters with a team that
included Navneeta Rekhi and Michele Ma-
rie Cumpston (M&A) and John Geoffrey
Crisp (tax). Fasken Martineau DuMoulin
LLP (Toronto office) acted as special coun-
sel to Fer-Pal with respect to the pre-closing
restructuring of Fer-Pal, licensing arrange-
ments with Sanexen and various corporate
matters with a team that included Barbara
Miller and Leslie Greey (corporate) and
Mitchell aw (tax).
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
CHEUNG KONG PROPERTY
HOLDINGS LTD. ACQUIRES
RELIANCE HOME COMFORT
CLOSING DATE: JULY 13, 2017
On July 13, 2017, Cheung Kong Property
Holdings Ltd. (CKP) completed the acquisi-
tion of Reliance Home Comfort (Reliance)
from investment funds managed by Alinda
Capital Partners (Alinda), for an equity pur-
chase price of approximately $2.82 billion.
CKP, a publicly traded Hong Kong com-
pany controlled by the family of Li Ka-shing,
completed the acquisition through its subsid-
iary CKP (Canada) Holdings Ltd.
Reliance is Canada's largest water heater
rental business and a leading provider of es-
sential home infrastructure and services to
homeowners in Canada; it provides retail
sale, rental, service and maintenance of heat-
ing, ventilation and air conditioning equip-
ment to 1.7 million residential and commer-
cial customers.
CKP was represented by Stikeman El-
liott LLP with a team that included Mi-
chael Burkett, Daniel Howard, Alethea
Au and Ellen Dalicandro (M&A), Michael
Kilby, Bill Wu and Gideon Kwinter (regu-
latory), John Lorito and Ryan Abrahamson
(tax), Kathleen Chevalier and Alex Lemoine
(employment), Andrea Boctor and Aiden
Talai (pensions), Mario Paura and Chad
Bass-Meldrum (real estate), and Larry Cobb
and Laura Delemere (environmental).
Alinda was represented by Torys LLP
with a team that included Krista Hill, Sha-
ron Geraghty, Konata Lake, Addie Buhr,
Stephen Neil, Aleksandra Ramsvik and
Min Kim (M&A), Corrado Cardarelli and
Andrew Wong (tax), Amanda Balasubrama-
nian and Adrienne Love (debt financing),
Dany Assaf, Rebecca Moskowitz and Ma-
rina Chernenko (competition and foreign
investment review), Susan Nickerson, Jen-
nifer Lennon and Brad Tartick (employees,
pensions and benefits), and Don Roger and
Christine Innes (real estate).
Reliance was represented by an in-house
counsel team that included Jack Cook.
Success
Our knowledgeable underwriters will recommend the right
title insurance coverage for the risks involved, bringing you
one step closer to success.
Want a partner you can consistently rely on?
Call (888) 667-5151 or visit stewart.ca.
© 2017 Stewart. All rights reserved. See policies for full terms and conditions.
