|Date Announced:||June 23, 2014|
|Date Closed:||August 22, 2014|
|Client Name:||WaterFurnace Renewable Energy, Inc.|
On August 22, 2014, NIBE Industrier AB (publ) of Sweden acquired all of the issued and outstanding shares of WaterFurnace Renewable Energy, Inc. pursuant to a plan of arrangement under the Canada Business Corporations Act. WaterFurnace will be consolidated in the NIBE Group with effect from September 1, 2014. The total equity value of the transaction is approximately C$378 million.
Bennett Jones LLP represented WaterFurnace with a team led by Abbas Ali Khan and John Sabine (M&A and Securities) that included John MacNeil, Ali Naushahi, Jamie Au and Ian Minz (M&A and Securities); Rob Staley, Derek Bell and Michael Paris (Litigation); D. Bernard Morris and Martin Sorensen (Tax) and Adam Kalbfleisch (Competition).