Oaktree’s CA$320 Million acquisition of NAPEC


Kirkland represented Oaktree Capital Management L.P. in its definitive agreement to acquire all of the issued and outstanding common shares of NAPEC Inc., a Canada-based energy company, for CA $1.95 in cash per share.

The CA $1.95 in cash per share represents a 35.4 percent premium to the closing price on Dec. 1, 2017. The total transaction is valued at approximately CA $320 million including the assumption of indebtedness.

NAPEC is a company operating in the energy sector. The Company is a leading provider of construction and maintenance services to the public utility and heavy industrial markets, mainly in Quebec, Ontario and the eastern United States.

The Kirkland deal team was led by Los Angeles partners Tana Ryan (Picture) and Bryan Ikegami, and included associates Jean Lee and Elizabeth Roberts.

Involved fees earner: Tana Ryan – Kirkland & Ellis; Bryan Ikegami – Kirkland & Ellis; Jean Lee – Kirkland & Ellis; Elizabeth Roberts – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Oaktree Capital Management;

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Author: Ambrogio Visconti