Capstone Infrastructure acquires Renewable Energy Developers

Capstone Infrastructure Corporation completed the acquisition of Renewable Energy Developers Inc. pursuant to a statutory plan of arrangement under the Canada Business Corporations Act. In accordance with the terms of the arrangement, ReD shareholders received 0.26 of a common share of Capstone and $0.001 in cash for each ReD share held, for total consideration of approximately $70 million.

Capstone was represented in-house by Stu Miller, executive vice president, general counsel and corporate secretary; and externally by a Blake, Cassels & Graydon LLP team of Jeff Lloyd, Eric Moncik, Richard Turner, Jason Woolmer, and Faye Ghadiani (securities/M&A); Bryson Stokes, Mark Johnson, and Andrew Thompson (corporate); Ron Richler and Josh Jones (tax); Elizabeth Boyd (benefits), Holly Reid (employment) and Ryan Morris (litigation).

Renewable Energy Developers was represented by Cassels Brock & Blackwell LLP with a team of Alexandra Iliopoulos, Angela Chu and Jennifer Hansen (securities); Noble Chummar, Colin Ground and Luke Woolford (corporate); and Christopher Norton, Ted Citrome and Anna Malazhavaya (tax). Troutman Sanders LLP was US counsel to Renewable Energy Developers with a team of Tom Rose and Kristen O'Connor (corporate/securities); Mark Goldsmith and Amie Broder (tax) and Mitch Portnoy (antitrust).

Lawyer(s)

Noble C. Chummar Mark Johnson Jen Hansen Jeffrey R. Lloyd Elizabeth Boyd Alexandra (Alex) Iliopoulos Christopher B. Norton Anna Malazhavaya Holly Reid Ryan A. Morris Josh Jones Andrew Thompson Ronald M. Richler Luke Woolford Eric Moncik Colin Ground Richard Turner Bryson Stokes Angela Chu