Canada Pension Plan Investment Board’s $6.1 Billion Acquisition Of Pattern Energy

Paul, Weiss advised the special committee of the board of directors of Pattern Energy Group Inc. in its approximately $6.1 billion all-cash acquisition by Canada Pension Plan Investment Board (CPPIB).

Under the terms of the agreement, shareholders of Pattern Energy, an independent power company operating in the U.S., Canada and Japan, will receive $26.75 per share, representing a premium of approximately 14.8 percent to Pattern Energy’s closing share price on August 9, 2019, the last trading day prior to market rumors regarding a potential acquisition of the company.

Evercore and Goldman, Sachs & Co. LLC acted as independent financial advisors to Pattern Energy’s special committee, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as independent legal counsel to the special committee.

The Paul, Weiss team included corporate partners Robert Schumer (Picture) and Brian Lavin and counsel Caith Kushner; litigation partner Geoffrey Chepiga; tax partner David Sicular; employee benefits counsel Jarrett Hoffman; antitrust counsel Yuni Sobel; and international trade counsel Richard Elliott.

Involved fees earner: Geoffrey Chepiga – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Brian Lavin – Paul Weiss Rifkind Wharton & Garrison; Robert Schumer – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: special committee of the board of directors of Pattern Energy Group Inc.;