On April 5, 2021, Whitecap Resources Inc. (Whitecap) announced its indirect acquisition of Kicking Horse Oil & Gas Ltd. (Kicking Horse), a portfolio company of Quantum Energy Partners (Quantum), for $300 million. The acquisition comprises 34.5 million Whitecap common shares, $56 million in cash and the assumption of net debt estimated at $54 million. The transaction is expected to close on or before May 31.
The legal team advising Whitecap is led by Tim Richardson, General Counsel at Whitecap, with assistance from the following BD&P lawyers: Shannon Gangl (M&A), Grant Zawalsky (M&A), Sylvie Welsh (M&A), Austin Fruson (M&A), Heather DiGregorio (Tax), Gina Ross (Employment), Brittney LaBranche (Energy, Competition) and Nancy Smith (Banking).
The BD&P legal team advising Kicking Horse includes Bruce Allford (M&A), Syd Abougoush (M&A), Nigel Behrens (M&A), Kirk Lamb (Tax), Stuart Money (Energy), Alicia Quesnel (Energy, Competition), Bob Graham (Employment), Craig Alcock (Litigation), Sydney Black (Litigation) and Nicole Chorley (Banking).
The legal team advising Quantum is led by Lance Schuler, Deputy General Counsel at Quantum, with assistance from the following outside counsel: Ben Hudy (M&A), Kayla Zachariassen (M&A) and Weitong Yan (M&A) of Stikeman Elliott LLP and Doug Richardson (Tax) and Jocelyn Arnason (Tax) of Cassels Brock & Blackwell LLP.