Recent Experience
North West Redwater Partnership in a consent solicitation from $6.35-billion of bonds for a substantially revised and amended Trust Indenture, a $2.6-billion four tranche bond issuance, an amendment of the Partnership's $3.5-billion senior secured credit facilities, amendments to the Processing Agreements backstopping the economics of the Refinery, a transfer of partnership units from North West Refining Inc. to Alberta Petroleum Marketing Commission and substantial amendments to the governance structure of the Partnership.
North West Redwater Partnership in the $480-million transfer of 50% ownership of the North West Redwater Partnership to Alberta Petroleum Marketing Commission as part of a contractual, economic and governance restructuring of the Sturgeon Refinery.
Wolverine Energy and Infrastructure Inc. in its $150-million business combination with Green Impact Partners Inc. (formerly Blackheath Resources Inc.), completed in connection with a previously announced acquisition by Blackheath of the clean energy assets of Wolverine and the reverse take-over of Blackheath.
Homestyle Selections LP, through its portfolio company Freshstone Brands Inc., in the US$30-million acquisition of the assets and business of Tiffany Gate Foods Inc. and all of the Ontario-based assets of Sun Rich Fresh Foods. The acquisition was completed through a Stalking Horse sale process conducted under the CCAA.
Tundra Process Solutions Ltd., in its $99.1-million acquisition by Wajax Corporation.
Cenovus Energy Inc., in its $23.6-billion acquisition of Husky Energy Inc.
Canadian Natural Resources Limited, in its approximately $460-million acquisition of Painted Pony Energy Ltd.
Bird Construction Inc., in its $96.5-million acquisition of Stuart Olson Inc.
Corridor Resources Inc. (now named Headwater Exploration Inc.) in its financing and reconstitution of the board and management, pursuant to which Corridor completed $50-million private placement of units and subscription receipts to the new management team and other subscribers.
AECOM Energy Services Ltd., a wholly owned subsidiary of AECOM, in the sale of its Alberta-based production services division to ClearStream Energy Services Inc. for approximately $40 million.
The acquisition by International Petroleum Corporation of BlackPearl Resources Inc. (with an estimated enterprise value of approximately $675 million) by way of a share exchange pursuant to a plan of arrangement under the Canada Business Corporations Act.
Paramount Resources Ltd. with the sale of its sour gas processing assets in northwest Alberta to Pembina Gas Services Limited Partnership for approximately $600 million in cash and other considerations.
Murphy Oil Corporation with closing a $486-million light oil joint venture with Athabasca Oil Corporation.
Waste Connections, Inc. on an approximately $13-billion merger with Progressive Waste Solutions Ltd.
Flint Field Services Ltd., a provider of construction services in the oil and gas industry, with the divestment of its Tubular Inspection and Management business segment to ShawCor Ltd.
Parkland Fuel Corporation, North America's fastest growing distributor and marketer of fuels and lubricants, with its proposed $378-million purchase of assets of Pioneer Energy.
Ontario Teachers' Pension Plan with the $3.3-billion acquisition of Heritage Royalty Limited Partnership, a former subsidiary of Cenovus Energy Inc. holding a broad portfolio of oil and gas royalties in Western Canada.
Harvest Operations Corp. with the sale of its subsidiary North Atlantic Refining Limited to SilverRange Financial Partners LLC. The sale includes North Atlantic's Canadian refining and marketing businesses in Newfoundland.
Encana Corp. with its sale of gas pipeline and processing assets in Western Canada's Montney region to a partnership of Veresen Inc. and KKR & Co. LP for approximately $760 million. Veresen Midstream, a joint venture of Veresen Inc. and KKR & Co. LP, will also invest up to $5 billion to support future production in the Montney, a massive liquids-rich natural gas play that straddles the Alberta-British Columbia border. Veresen Midstream will also provide midstream services to Encana in connection with the acquired and future assets.
Newalta Corporation with the sale of its Industrial Division to Revolution Acquisition LP, a company formed by Birch Hill Equity Partners, for cash proceeds of $300 million.
ATCO Ltd. with the negotiation, structuring and other commercial matters relating to ATCO entering into a strategic alliance with Wipro Ltd., including 10-year master service agreements governing the provision of IT services by Wipro to the ATCO Group of Companies valued at approximately $1.2 billion.
ATCO Ltd. with the disposition of ATCO I-Tek Inc. and ATCO's Australian IT operations to affiliates of Wipro Ltd. for aggregate sale proceeds of approximately $210 million.
NCSG Crane & Heavy Haul Services Corporation, and the shareholders thereof, with the sale of a majority stake in NCSG to an investor syndicate led by TriWest Capital Partners IV, L.P. and Alberta Teachers Retirement Fund Board.
RTL-Westcan Limited Partnership, a leading hauler of bulk commodities in Western and Northern Canada, with the sale of its operating business to Kenan Advantage Group and its industrial properties to Edgefront Realty Corp. The ownership group of RTL-Westcan included TriWest Capital Partners, one of Canada's leading private equity firms, members of the RTL-Westcan senior management team and others.
Parkland Fuel Corporation with its $95-million acquisition of the assets of Elbow River Marketing Limited Partnership.
Guide Exploration Ltd. with its acquisition by WestFire Energy Ltd. for approximately $200 million.
Riverstone Holdings LLC / Niska Gas Storage Canada ULC with an offering of US$800 million of unsecured notes and a US$400-million secured operating facility.
SkyPower Corp. with the acquisition of an equity stake in the company for an undisclosed sum by Lehman Brothers private equity business.
Shell Canada Limited with its approximately $8.7-billion acquisition by Shell Investments Limited, a wholly-owned subsidiary of Royal Dutch Shell plc.
Pengrowth Energy Trust with its approximately $1.1-billion acquisition of Canadian oil and gas properties and undeveloped lands through the acquisition of the shares of four subsidiaries of ConocoPhillips Canada.
Corridor Resources Inc. with a $30.55-million short-form prospectus offering of common shares.
Flint Energy Services Ltd. with its
$470-million acquisition of Transco Energy Services Ltd.
Enerflex Systems Ltd. with its reorganization, by way of a plan of arrangement, into a mutual fund trust, Enerflex Systems Income Fund.
Shore Gold Inc. with the acquisition by Kensington Resources Ltd., a wholly-owned subsidiary of Shore Gold, of an aggregate 60-percent participating interest in the Fort á la Corne Joint Venture (FALC JV) from De Beers Canada Inc., Cameco Corporation and UEM Inc. for $180 million and the subsequent sale of a 40-percent participating interest in the FALC JV to Newmont Mining Corporation of Canada Limited.
Prairie Schooner Petroleum Limited with the
$431-million acquisition of the company through a plan of
arrangement by True Energy Trust.
Diamond Tree Energy Ltd. with its offer to
purchase Blue Mountain Resources Ltd. in a $115-million share-for-share takeover bid.
BlackRock Ventures Inc. with the $2.4-billion
acquisition of the company by Shell Canada Limited.
Iteration Energy Limited with a bought-deal short-form prospectus offering of $25 million of subscription receipts.
Peters & Co. Limited, as agent, with a private placement financing of subscription receipts by Orleans Energy Ltd. valued at $38 million.
The syndicate of underwriters, led by Peters & Co. and including GMP Securities Ltd., Tristone Capital Inc., Dundee Securities Corporation and National Bank Financial Inc., with the acquisition of Mercury Energy Corporation by Orleans Energy Ltd. for approximately $21 million.
Corridor Resources Inc. with a public offering of common shares for gross proceeds of approximately $40 million.
Berens Energy with a bought-deal private placement
financing of subscription receipts and flow-through common shares
valued at $33 million.
Berens Energy with the acquisition of Berland
Exploration Ltd. by plan of arrangement for $105 million.
Newalta Income Fund with its purchase of PSC Industrial Services Canada Inc. and its subsidiaries from Philip Services Corporation for approximately $110 million.
Berens Energy Limited with the private placement of subscription receipts and
flow-through common shares as consideration for the acquisition of
a resource corporation.
The underwriting syndicate of Duke Energy Income Fund with its $140-million initial public offering of trust units and the subsequent $14-million offering.
Panterra Drilling Inc. with a reorganization to
allow for the offering of trust units of Panterra Drilling Income
Trust.
Deer Creek Energy Limited with its
acquisition by Total E&P Canada Limited (a subsidiary of
Total S.A.) by way of a takeover bid for approximately $1.6
billion.
Ultima Energy Trust with a $500-million merger with Petrofund Energy Trust.
TSX Group with the acquisition of NGX Canada Inc.
from OMHEX for approximately $38 million.
Wittke Inc. with its $100-million acquisition by
Federal Sign Corporation.
Pacrim Developments Inc. with the sale of the
Sheraton Suites Calgary Eau Claire, for $65 million, to Legacy
Hotels Real Estate Investment Trust.
Summit Resources Limited with the $240-million acquisition of the company by Paramount Resources
Limited in a friendly takeover bid.
Centrica plc, a leading provider of energy and essential services
in the United Kingdom under AA and British Gas brands, with its
$1-billion acquisition of Enbridge Services Inc., which more than
doubled the customer base of Centrica's Canadian business.
Gordon Food Service with the $360-million
disposition by Sobeys Inc. of its SERCA Foodservice operations to
Gordon Food Service and SYSCO Corporation.
PanCanadian Energy Corporation with its $27-billion merger with Alberta Energy Company Limited to form EnCana Corporation to form Canada's largest energy producer at the time.
Canadian Hunter Exploration Limited with its $3.3-billion cross-border acquisition by Burlington Resources Inc.
Chieftain International Inc. with its $915-million
acquisition by Hunt Oil Company.
TELUS Corporation with the $810-million sale of its
advertising services directory business to Verizon Information
Services.
Moffat Communications Limited and Mr. Randal Moffat with the $1.2-billion acquisition of Moffat Communications by Shaw Communications.
Canadian Airlines Corporation with the restructuring of the Canadian airline industry that resulted in the merger of Canadian Airlines and Air Canada.
Canadian Airlines with the $1.8-billion bid by Onex to purchase Air Canada and Canadian Airlines and merge them into a single carrier.
TELUS Corporation with its $9.9-billion merger with BC Telecom, including the licensing of technology from GTE Corporation, to form Canada's second largest telecommunications company.
Bennett Jones
