Norton Rose Canada advises on C$3.2 billion acquisition of Provident Energy Ltd. by Pembina Pipeline Corporation
January 20, 2012
Norton Rose Canada is acting as Canadian legal adviser to Provident Energy Ltd. on the C$3.2 billion acquisition of the company by Pembina Pipeline Corporation.
The combined company will have a market capitalization of C$7.9 billion and total enterprise value of C$10 billion, making it one of the largest publicly traded energy infrastructure companies in Canada. Provident's natural gas liquids extraction, storage and transportation services will be added to Pembina's 7,500 kilometre (4,661 mile) pipeline network.
Jack MacGillivray, Calgary managing partner at Norton Rose Canada said:
“Pembina's acquisition of Provident is a big start to the year for Canadian energy deals, and it was very rewarding for our team to be involved. It is the most significant Canadian midstream corporate deal in recent years. This transaction will create one of the strongest energy infrastructure players in Canada, with tremendous growth opportunities for the new company."
The team is being led by Jack MacGillivray, with assistance from Calgary partners Justin Ferrara, Scott Negraiff, Darren Hueppelsheuser, John Carleton and Chrysten Perry, and associates Stefan Ali, Brad Schneider, Jason Giborski, Fraser Bush and Kirsty Sklar.
For further information please contact:
Danielle Gill, communications and media relations specialist (Calgary), Norton Rose Canada LLP
Tel: +403 267 8168; Mob: +403 836 3182
danielle.gill@nortonrose.com
Peter Zvanitajs, senior public relations adviser (English press), Norton Rose Canada LLP
Tel: +416 216 1871; Mob: + 416 553 5789
peter.zvanitajs@nortonrose.com
Johanna Pardo, Senior Public Relations Advisor (Québec region/French press), Norton Rose Canada LLP
Tel: +514 847 4921; Mob: +514 576 2399
johanna.pardo@nortonrose.com
Notes for editors:
Norton Rose Canada LLP is a member of Norton Rose Group, a leading international legal practice offering a full business law service to many of the world’s pre-eminent financial institutions and corporations from offices in Europe, Asia, Australia, Canada, Africa, the Middle East, Latin America and Central Asia.
The Group’s lawyers share industry knowledge and sector expertise across borders to support clients anywhere in the world. The Group is strong in financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and pharmaceuticals and life sciences.
Norton Rose Group has more than 2900 lawyers operating from 40 offices in Abu Dhabi, Almaty, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Bogotá, Brisbane, Brussels, Calgary, Canberra, Cape Town, Caracas, Casablanca, Dubai, Durban, Frankfurt, Hamburg, Hong Kong, Johannesburg, London, Melbourne, Milan, Montréal, Moscow, Munich, Ottawa, Paris, Perth, Piraeus, Prague, Québec, Rome, Shanghai, Singapore, Sydney, Tokyo, Toronto and Warsaw; and from associate offices in Dar es Salaam, Ho Chi Minh City and Jakarta.
Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia, Norton Rose Canada LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc.), and their respective affiliates.