On May 17, 2021, Whitecap Resources Inc. (Whitecap) closed its indirect acquisition of Kicking Horse Oil & Gas Ltd. (Kicking Horse), a portfolio company of Quantum Energy Partners (Quantum), for $300 million. The acquisition comprised 34.5 million Whitecap common shares, $56 million in cash and the assumption of net debt estimated at $54 million.
The legal team that advised Whitecap was led by
Tim Richardson, general counsel at Whitecap.
Burnet, Duckworth & Palmer LLP assisted Whitecap’s legal team with a team including
Shannon Gangl (corporate/M&A),
Grant Zawalsky (corporate/M&A),
Sylvie Welsh (corporate/M&A),
Austin Fruson (corporate/M&A),
Heather DiGregorio (tax),
Gina Ross (employment),
Brittney LaBranche (energy, competition),
Nancy Smith (banking),
and advised Kicking Horse with a team including
Bruce Allford (corporate/M&A),
Syd Abougoush (corporate/M&A),
Nigel Behrens (corporate/M&A),
Kirk Lamb (tax),
Stuart Money (energy),
Alicia Quesnel (energy, competition),
Bob Graham (employment),
Craig Alcock (litigation),
Sydney Black (litigation),
Nicole Chorley (banking).
The legal team that advised Quantum was led by
Lance Schuler, deputy general counsel at Quantum.
Stikeman Elliott LLP assisted Quantum’s legal team as outside counsel with a team including
Ben Hudy,
Kayla Zachariassen,
Weitong Yan (M&A).
Cassels Brock & Blackwell LLP also assisted Quantum’s legal team as outside tax counsel with a team including
Doug Richardson,
Jocelyn Arnason (tax).