Crescent Point Energy Corp. Acquires CanEra Energy Corp.

Crescent Point Energy Corp., one of Canada's largest light and medium oil producers, acquired CanEra Energy Corp, a privately-held oil and gas producer in southeast Saskatchewan, by way of plan of arrangement.

Pursuant to the arrangement, Crescent Point acquired all of the issued and outstanding shares of CanEra. The total consideration for CanEra, was approximately $1.1 billion, including approximately 12.9 million common shares of Crescent Point, approximately $190 million of cash consideration and the assumption of approximately $348 million of net debt.

Norton Rose Fulbright represented Crescent Point on corporate, securities, employment, tax and competition matters with a team led by Mark Eade and included Justin Ferrara, Dion Legge, Rashi Sengar, Bradley Schneider and Krista Treasure.

Carter Ledyard & Milburn LLP provided US securities, antitrust, ERISA and tax advice to Crescent Point with a team led by Guy Lander and included Austin Keyes, Yoram Keinan, Patricia Matzye and Christine Jung.

Blake, Cassels & Graydon LLP represented CanEra with a team including Chad Schneider, Jeff Bakker, Trevor Rowles, Vladimir Cvijetinovic and Julie Soloway.

Gowling Lafleur Henderson LLP was tax counsel to CanEra with a team including Greg Lindsey, Jennifer Hanna, Gloria Geddes and Carl Hinzmann.

Dan Miller of Dorsey & Whitney LLP provided US securities advice to CanEra.

John Mercury of Bennett Jones LLP led a team that acted for NGP and Riverstone, the main shareholders of CanEra, with a team including Brent Kraus, Kahlan Mills, Greg Johnson and Alan Rautenberg.

Nick Luongo and Nicholas Yunes of Latham & Watkins LLP acted for the major shareholders on the US side.