Baker McKenzie recently advised infrastructure fund manager DIF Capital Partners on its acquisition of Calgary-based BluEarth Renewables from the Ontario Teachers' Pension Plan. The transaction was carried out through the DIF Infrastructure V fund and closed on November 20.
BluEarth is a leading, independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities across North America. The company is growing in the US and recently establish a commercial office in Arizona.
Commenting on the deal, Maxine Ethier, Toronto partner and Global Head of the Firm's Infrastructure Group, said, "We are pleased to act for our client, DIF, on its strategic acquisition of BluEarth and use our cross-border, integrated projects team to help bring the transaction to fruition."
Baker McKenzie's transactions team advised DIF V on the acquisition, refinancing and tax reorganization aspects of the transaction. Maxine Ethier led the cross-border, multidisciplinary team alongside associates Faye Williams, Carlos Suarez and Maria Fernanda Diago.
Additional team support included partners Emeka Chinwuba, John Cocker, Maher Haddad, Nancy Hamzo, Jordan Kirkness, Alex Pankratz, William Rowe, Ahmed Shafey and Brian Zurawski; of counsel Jeremy Hann and Anne Sedgwick; associates and legal support Jennifer Bernardo, Alexandra Burke, Stephanie Dewey, Aaina Grover, John Lawlor, Olivia Lysenko, Sara Mavula, Peter Richardson, Stan Sirot, Jessica Wicha and Catherine Yang.
With more than 75 offices in 40+ countries, Baker McKenzie has projects and energy lawyers in more places in the world than any other firm, as well as our clients' most important markets.
BMO Capital Markets, Agentis Capital and KPMG advised DIF V as well. BMO, Desjardins, and National Bank provided financing.