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).

Lawyer(s)

Jeffrey P. Roy Jennifer Traub Robert B. Cohen Christopher Hersh Imran Ahmad Abbas Ali Khan John W. Sabine John D. MacNeil Ali Naushahi Robert W. Staley Derek J. Bell Michael Paris Martin A.U. Sorensen Adam Kalbfleisch