Press Release

Kirkland Counsels Oaktree on Acquisition of NAPEC

Kirkland represented longtime client 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.

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