Frank is Co-Head of Osler’s Asia Pacific initiative and is the former National Co-Chair of the firm’s Corporate Group. Frank currently practises from the firm’s Calgary office in the areas of mergers and acquisitions and corporate finance. He also serves as a leader of Osler’s emerging company practice in Alberta. Frank routinely advises companies and other enterprises in the resource, financial services and technology sectors on matters involving acquisitions, dispositions, strategic alliances, governance and corporate finance. Frank has particular expertise advising clients in Asia, the Middle East, Africa and other parts of the world, including sovereign wealth funds, state-owned enterprises and public and private companies, on acquisitions and investments in Canada. Frank has previously worked in the firm’s New York and Toronto offices and has served on secondment with investment banks in both those cities (Morgan Stanley and BMO Nesbitt Burns). Frank serves as a director on the boards of a number of public and private entities. Frank has published numerous articles on investing in Canada and the Canadian Energy sector and often speaks on those topics.
On May 30, 2017, Kinder Morgan Canada Limited (KML) completed its initial public offering (the IPO) by issuing 102,942,000 restricted voting shares at a price of $17.00 per share, for total proceeds of approximately $1.75 billion.
On July 18, 2016, Cheung Kong Infrastructure Holdings Limited (CKI), a Hong Kong-based global infrastructure company that holds diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, and waste-to-energy and infrastructure-related business, and Power Assets Holdings Limited (PAH), a Hong Kong-based global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, and energy from waste and gas distribution, completed their $1.7-billion acquisition of 65-per-cent indirect ownership interest in select heavy oil pipeline and storage assets from Husky Energy (Husky) in Alberta and Saskatchewan, and related joint-venture, financing and commercial arrangements.
On July 13, 2016, Birchcliff Energy Ltd. (Birchcliff) closed its previously announced bought-deal financing (the Offering) through a syndicate of underwriters co-led by National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc. and including CIBC World Markets Inc., HSBC Securities (Canada) Inc., TD Securities Inc., Raymond James Ltd., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., AltaCorp Capital Inc., Haywood Securities Inc., Integral Wealth Securities Limited and Peters & Co. Limited (collectively, the Underwriters).
On December 16, 2015, PrairieSky Royalty Ltd. (PrairieSky) completed the acquisition of royalty assets from Canadian Natural Resources Limited (Canadian Natural) for an aggregate purchase price of $1.8 billion. In conjunction with the transaction, PrairieSky entered into a non-brokered private placement of 27 million subscription receipts for aggregate gross proceeds of approximately $680 million.
