Sean acts for all types of clients dealing with challenging business circumstances. Such circumstances often provide opportunities, and he thus regularly advises issuers, boards, and private equity participants in the distressed debt, turnaround, and special situation deal-space in addition to strategic purchasers, financial institutions, and DIP lenders in out-of-court as well as court-supervised restructurings. He has gained a reputation as a leading advisor to court officers where he brings to bear his 25-plus years of experience as a value-add in guiding stakeholders through contentious insolvency proceedings.
On December 22, 2017, Sonicfield Global Ltd., an indirect wholly owned subsidiary of CST Group Ltd., and Deloitte Restructuring Inc., in its capacity as court appointed receiver and manager of the assets, properties and undertakings of Grande Cache Coal LP, Grande Cache Coal Corp., Up Energy (Canada) Ltd. and 0925165 B.C. Ltd, entered into an asset purchase and sale agreement, pursuant to which Sonicfield agreed to purchase certain coal assets from the Receiver for aggregate consideration of approximately US$433.9 million.
On May 31, 2017, Canadian Natural Resources Ltd. (Canadian Natural) completed two previously announced agreements to acquire oil sands assets from Shell Canada Energy, Shell Canada Ltd. and Shell Canada Resources (Shell) and, with a subsidiary of Shell, to jointly acquire Marathon Oil Canada Corp. (MOCC).
On February 13, 2007, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. through their indirect wholly owned subsidiary HCP Acquisition Inc. (together, Harbinger) acquired all of the outstanding trust units of Calpine Power Income Fund (the fund) it did not already own at a price of $13.00 per trust unit for total consideration of approximately $760 million.