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).