Two WLG Member Firms Collaborate on Multiple Transactions

Davies Ward Phillips & Vineberg LLP represented the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, in a series of transactions with Pattern Energy Group Inc. (PEGI). PEGI is an independent power company, listed on the Nasdaq Global Select Market and Toronto Stock Exchange, with a portfolio of 20 wind projects. Davies played a key role in these strategic initiatives, acting for PSP on the strategic co-investment relationship and the following projects:

• the acquisition of a 9.9% interest in PEGI, making PSP Investments PEGI’s largest shareholder;
• the joint venture agreement between PSP and Pattern Energy to co-invest in various renewable projects;
• the acquisition by PEGI and PSP Investments of a 51% and 49% interest, respectively, in the 179 MW Meikle wind project in British Columbia and the 143 MW Mont Sainte-Marguerite wind project in Québec;
• and the acquisition by PSP Investments of 49% of the Class B interests held by PEGI in the Panhandle 2 wind project in Texas.

Upon Davies recommendation, Hunton Andrews Kurth LLP acted as Texas counsel and US regulatory counsel with respect to FERC and CFIUS issues for Canada’s Public Sector Pension Investment Board (PSP Investments) in connection with:

• the acquisition by PSP of a 9.9% interest in Pattern Energy Group Inc (PEGI), making PSP Investments PEGI’s largest shareholder;
• the joint venture agreement between PSP Investments and Pattern Energy to co-invest in various renewable projects;
• and the acquisition by PSP Investments of 49% of the Class B interests held by PEGI in the Panhandle 2 wind project in Texas.

Davies Managing Partner, Philippe Johnson reached out to Geoffrey Walker at Andrews Kurth Kenyon to coordinate efforts. The two firms worked together seamlessly to successfully collaborate on the transactions,