LEXPERT MAGAZINE
|
OCTOBER 2017 27
|
CORPORATE TRANSACTIONS OF IMPORTANCE
|
making PSP Investments PEGI's largest
shareholder (PEGI Share Acquisition);
•
e entering into of an agreement between
PEGI and PSP Investments pursuant to
which PSP Investments will co-invest with
PEGI in various renewable energy projects
(PEGI/PSP JVA);
•
e acquisition by PEGI and PSP In-
vestments of a 51-per-cent- and 49-per-
cent-interest, respectively, in the 179 MW
Meikle wind project in British Columbia
and, effective as at the project's commercial
operations date, the 143 MW Mont Sainte-
Marguerite wind project in Québec (Initial
Project Acquisitions);
•
e acquisition by PSP Investments of 49
per cent of the Class B interests held by PEGI
in the Panhandle 2 wind project in Texas
(Panhandle 2 Acquisition); and
•
e indirect investment by PSP Invest-
ments in Pattern Development 2.0 (Pattern
2.0 Fund Investment).
PEGI is an independent power company,
which is listed on the Nasdaq Global Select
Market and Toronto Stock Exchange, that
currently has a portfolio of 20 wind power
facilities, including one project it has agreed
to acquire, with a total owned interest of
2,736 MW in the United States, Canada and
Chile. Pattern Development is a leader in
developing renewable energy and transmis-
sion assets, having developed, financed and
placed into operation more than 4,500 MW
of wind and solar power projects.
PSP Investments is one of Canada's largest
pension investment managers with $135.6
billion of net assets under management as
at March 31, 2017. It manages a diversified
global portfolio composed of investments in
public financial markets, private equity, real
estate, infrastructure, natural resources and
private debt.
PEGI and Pattern Development were rep-
resented on all aspects of the above transac-
tions by an in-house team comprising Daniel
Elkort, Executive Vice-President and General
Counsel, and Dyann Blaine, Assistant Gen-
eral Counsel, Corporate and Vice-President.
For the PEGI Share Acquisition, Pattern
Development 1.0 was also represented by
Vinson & Elkins LLP with a team com-
prising Robert Seber, Jeffrey Shah, Syed Haq
and Carter Olson; by Latham & Watkins
LLP with a team comprising Barton Clark,
Mathew Holt and Daniel Cote; and by
Blake, Cassels & Graydon LLP's Brendan
Reay. PEGI was also represented by Davis
Polk & Wardwell LLP with a team com-
prising John Butler and Abraham Einhorn.
For the PEGI/PSP JVA, PEGI was also
represented by Davis Polk & Wardwell
LLP with a team comprising John Butler,
Abraham Einhorn and Robert Smith.
For the Initial Project Acquisitions, Pat-
tern Development was also represented by
Vinson & Elkins LLP with a team compris-
ing Robert Seber, Jeffrey Shah and Syed Haq;
and by Osler, Hoskin & Harcourt LLP
with a team comprising John Groenewe-
gen, Danna Donald and Michael Grant-
myre. PEGI was advised by Davis Polk &
Wardwell LLP with a team comprising
John Butler and Abraham Einhorn.
For the Panhandle 2 Acquisition, Pattern
Development 1.0 was advised by Orrick
Master the Law.
Visit gpllm.law.utoronto.ca
Questions? gpllm@utoronto.ca
Apply today.
ONE YEAR
|
PART-TIME
|
FOR LAWYERS AND BUSINESS LEADERS
Canada's leading law school offers a graduate degree in four unique streams:
Business Law
Canadian Law in a Global Context
Innovation, Law and Technology
Law of Leadership
