Whitecap Resources Inc.’s $300 Million Acquisition of Kicking Horse Oil & Gas Ltd.

Cassels is acting for Quantum Energy Partners on the transaction.

On April 5, 2021, Whitecap Resources Inc. entered into an arrangement agreement to indirectly acquire Kicking Horse Oil & Gas Ltd., a privately held indirect subsidiary of Quantum Energy Partners, for aggregate consideration of $300 million, consisting of 34.5 million Whitecap common shares, $56 million in cash and the assumption of net debt estimated at $54 million as of February 28, 2021. The acquisition is expected to close on or before May 31, 2021.

Kicking Horse’s assets primarily consist of a condensate rich Alberta Montney development at Kakwa.

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry.  

The Cassels’ team comprised of Doug Richardson (Picture), Corinne Grigoriu and Jocelyn Arnason (Tax).

Involved fees earner: Jocelyn Arnason – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Douglas Richardson – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Quantum Energy Partners;

Martina Bellini

Author: Martina Bellini