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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Stantec to Acquire MWH for $795 Million

Paul, Weiss client Stantec Inc., announced it has agreed to acquire MWH Global Inc., a Colorado-based engineering, consulting and construction firm, in an all cash transaction valued at approximately $795 million. With the acquisition of MWH and its 6,800 worldwide employees, Stantec, an Edmonton-based professional consulting firm, will become a global leader in water resources infrastructure with a greater presence in key targeted geographies, including the United Kingdom, Australia, New Zealand, South and Central America, Europe and the Middle East.

The acquisition will be financed by a Cdn$525 million bought deal public offering of subscription receipts, with a syndicate of underwriters led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and new credit facilities. The new credit facilities consist of a Cdn$800 million senior secured revolving credit facility, of which approximately Cdn$233 million will be drawn, and a Cdn$450 million senior secured amortizing non-revolving term credit facility, as well as a Cdn$525 million bridge facility that could be used with the new credit facilities to finance the acquisition in the event the subscription receipts offering is not completed before the acquisition date.

The Paul, Weiss team included corporate partners Adam Givertz and Dale Sarro and counsel Stephen Centa, Richard Elliott, Marta Kelly, Menachem Kaplan and Didier Malaquin; litigation partner Mark Mendelsohn and counsel Bruce Searby and Adam Schwartz; employee benefits partner Andrew Gaines; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; and environmental counsel William O'Brien.

March 29, 2016

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