Nibe Industrier acquires Waterfurnace Renewable Energy

NIBE Industrier AB (publ) of Sweden acquired all of the issued and outstanding shares of WaterFurnace Renewable Energy, Inc. pursuant to a plan of arrangement under the Canada Business Corporations Act, for cash consideration of around $378 million.

NIBE was represented in Canada by Cassels Brock & Blackwell LLP with a team that included Jeffrey Roy, Jennifer Traub, Deepak Gill and Jennifer Poirier (securities); Robert Cohen (litigation); Chris Hersh and Imran Ahmad (competition); in Sweden by Advokatfirman Delphi with a team that included Per-Ivar Svensson and Micael Karlsson; and in the United States by Neal, Gerber & Eisenberg LLP with a team that included John Koenigsknecht and Kristen Goodfellow (corporate and securities); Jeffrey Bakker (employee benefits); Angela Elbert (insurance policyholder practice); Chad Moeller (labor and employment); Leah Schleicher (real estate) and Kevin Schneider (restructuring).

WaterFurnace was represented in Canada by Bennett Jones LLP with a team that included Abbas Ali Khan, John Sabine, John MacNeil, Ali Naushahi, Jamie Au and Ian Minz (M&A and securities); Rob Staley, Derek Bell and Michael Paris (litigation); Bernard Morris and Martin Sorensen (tax) and Adam Kalbfleisch (competition); and in the United States by Dorsey & Whitney LLP with a team that included Kimberley Anderson and Jon Leptich (M&A and securities); Michael Lindsay and James Nichols (HSR); Marianne O’Bara (employee benefits) and John Hollinrake and John Chase (tax).