Enercare to Be Sold to Brookfield for $4.3 Billion

Davies acted for Enercare Inc., one of North America's largest home and commercial services and energy solutions companies, in its $4.3-billion sale to Brookfield Infrastructure and its institutional partners by way of plan of arrangement.

Under the deal, which received the unanimous approval of Enercare’s board, Brookfield acquired all the issued and outstanding common shares of Enercare for C$29.00 per share. The total deal value included approximately US$630 million of debt that Brookfield assumed.

The Davies team on this transaction included Bill Ainley, Peter Hong, Brett Seifred, Ha Nguyen, Anita Banicevic and Raj Juneja.


The Hostile Bid Is Dead. Long Live the Hostile Bid?

June 15, 2020 - With much of the world focused on the immediacy of the COVID-19 pandemic, including its heavy human and economic toll, we have cast our eyes optimistically on the (near, we hope) future when companies regain sufficient confidence to re-enter the public M&A market in large numbers. Although...

COVID-19: Material Adverse Change and Material Adverse Effect

Mar. 23, 2020 - The COVID-19 pandemic has had, and is likely to continue to have, a major impact on the global economy as countries implement various levels of “social distancing” and other restrictions on normal activities. In these uncertain times, many businesses may find themselves reviewing their...