SNC-Lavalin acquires Kentz

SNC-Lavalin (GB) Ltd., a wholly owned subsidiary of SNC-Lavalin, acquired the entire share capital of Kentz Corporation Ltd. SNC-Lavalin paid £9.35 ($17.13) per share for a total purchase price of approximately £1.2 billion ($2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. 

 

SNC-Lavalin is listed on the TSX and is one of the leading engineering and construction groups in the world, and is a major player in the ownership of infrastructure and in the provision of operations and maintenance services.

 

Kentz Corporation provides engineering, construction and technical support services in the energy and resources sectors. Kentz is listed on the London Stock Exchange.

 

The in-house legal team at SNC-Lavalin was led by Executive Vice President and General Counsel Réjean Goulet and Jean-Eric Laferriere, Senior Vice-President, Legal Affairs. A cross-border Norton Rose Fulbright team advised SNC-Lavalin. The team was led jointly from London and Montreal by partners Raj Karia and Stephen Kelly respectively. The team also included partners, Paul Whitelock, Andrew Phillips, Robert Borduas, James Dunnett, Ian Giles and Richard Wagner.

 

Kentz Corporation was advised externally by Simmons & Simmons LLP with a team led by Edward Baker (M&A); Ogier in Jersey with a team that included Simon Dinning and Sara Johns; and by William Fry in Ireland.

 

Stikeman Elliott LLP acted as counsel to the board of directors of SNC-Lavalin Group Inc. with a team comprising Marc Barbeau, Benoit Dubord, Elise Sauvé and Stéphanie Normandin (M&A).