On February 4, 2009, Great Lakes Hydro Income Fund completed an indirect acquisition from Brookfield Renewable Power Inc. of a 49.9 per cent interest in the 189MW Prince Wind farm in Ontario and a 50 per cent joint venture interest in the 45 MW Pingston Hydro facility in British Columbia, for consideration of $65 million and exchangeable shares of the corporation that owns the two projects. On a fully exchanged basis, Brookfield Renewable Power will maintain its 50.01 per cent ownership interest in the fund.
For purposes of the acquisition, Heenan Blaikie LLP represented the independent committee of the board of trustees of Great Lakes Power Trust, a subsidiary of Great Lakes Hydro Income Fund, with a team led by Neil Wiener and Allen Garson and including Ilia Danef, Maxine Ethier, Yuping Liu and Marie-Josée Couture (corporate); Mark Jadd (tax); Paul Franco (securities) and Ilan Dunsky, Brett Baker, Murray Rankin and Lampros Stougiannos (energy matters).
Brookfield Renewable Power was represented by Patricia Bood, general counsel of Brookfield Renewable Power and Andrea Rocheleau, legal counsel, and by Torys LLP with a team that included Karrin Powys-Lybbe, Rima Ramchandani, Paul Manias, Peter Bryce, Jamie Becker, Daniel McConville, Jim Hong (corporate/securities); Rose Bailey (lending); John Tobin and Richard Johnson (tax); Michael Penny (energy regulatory); Dennis Mahony (environmental) and Omar Wakil (competition).
For purposes of the acquisition, Heenan Blaikie LLP represented the independent committee of the board of trustees of Great Lakes Power Trust, a subsidiary of Great Lakes Hydro Income Fund, with a team led by Neil Wiener and Allen Garson and including Ilia Danef, Maxine Ethier, Yuping Liu and Marie-Josée Couture (corporate); Mark Jadd (tax); Paul Franco (securities) and Ilan Dunsky, Brett Baker, Murray Rankin and Lampros Stougiannos (energy matters).
Brookfield Renewable Power was represented by Patricia Bood, general counsel of Brookfield Renewable Power and Andrea Rocheleau, legal counsel, and by Torys LLP with a team that included Karrin Powys-Lybbe, Rima Ramchandani, Paul Manias, Peter Bryce, Jamie Becker, Daniel McConville, Jim Hong (corporate/securities); Rose Bailey (lending); John Tobin and Richard Johnson (tax); Michael Penny (energy regulatory); Dennis Mahony (environmental) and Omar Wakil (competition).
Lawyer(s)
Paul J. Franco
Rima Ramchandani
Allen H. Garson
Rose T. Bailey
Lampros Stougiannos
Ilan Dunsky
Karrin A. Powys-Lybbe
Jamie Becker
Jim Hong
Brett Baker
Paul L. Manias
Neil Wiener
Omar K. Wakil
John J. Tobin
J. Daniel McConville
Peter D. Bryce
Mark I. Jadd
Dennis E. Mahony
Marie-Josée Couture
Maxine Ethier
T. Murray Rankin
Ilia Danef
Richard W. Johnson
Yuping (Tina) Liu