Global legal practice Norton Rose Fulbright has advised SNC-Lavalin Group Inc (SNC-Lavalin) in relation to the recommended cash offer made by SNC-Lavalin (GB), a wholly owned subsidiary of SNC-Lavalin, for the entire issued and to be issued ordinary share capital of Kentz Corporation (Kentz). The acquisition values Kentz’s existing issued and to be issued ordinary share capital at approximately C$2.1bn.
SNC-Lavalin is listed on the TSX and is one of the leading engineering and construction groups in the world, and is a major player in the ownership of infrastructure and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries.
Kentz Corporation provides engineering, construction and technical support services in the energy and resources sectors. Kentz is listed on the London Stock Exchange.
The in-house legal team at SNC-Lavalin was led by Executive Vice President and General Counsel Réjean Goulet and Jean-Eric Laferriere, Senior Vice-President, Legal Affairs.
The cross border Norton Rose Fulbright team advising SNC-Lavalin was led jointly from London and Montreal by partners Raj Karia and Stephen Kelly respectively. The team also included partners, Paul Whitelock, Andrew Phillips, Robert Borduas, James Dunnett, Ian Giles and Richard Wagner.
The transaction is expected to close in Q3 2014.
