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Darrell Peterson is a highly respected M&A and corporate finance lawyer and has been recognized as “a dynamic, accessible, tactful and productive” lawyer and as having “a great head for business” (Chambers Global).

Darrell has significant experience in mergers, acquisitions and divestitures; equity and debt financings; and private equity investments. He has represented: public companies and special board committees in negotiated and unsolicited M&A transactions; independent industrial and energy companies, service providers and downstream entities in M&A, A&D, joint venture, partnership and financing activities; management in MBO and LBO transactions and to issuers of equity and debt in capital market transactions, including primary and secondary IPOs, prospectus offerings, private placements and seed and series financings; private equity funds and investees in structuring (domestic and cross-border) and in industrial, energy and technology investments.

In M&A, Darrell has led or co-led some of the largest and most complex transactions in Western Canada as well as leading deals in Europe, Russia and South America. In addition, he has advised on both sides of several unsolicited offers including one of only a few “just-say-no” defences undertaken in Canada.

In corporate finance, Darrell has led debt financings totalling over $18 billion, numerous initial public offerings and stock exchange listings of equity (national and cross-border, including MJDS), the creation and implementation of a number of equity lines of credit and multiple private placement financings (national and cross-border, unwritten and non-brokered).

In private equity, Darrell is both a deal advisor and a transaction lawyer. He works with numerous small- and mid-cap private equity funds to help originate deals for investments and advise on fund formation strategies involving collective investment vehicles and direct investments across a variety of asset classes and industries. He has substantial experience with sponsored management transactions, portfolio company growth through M&A and workouts / restructuring.

Complementing his practice, Darrell is a holder of the Institute of Corporate Directors, Director Designation (ICD.D) and has also completed the Directors Financial Literacy and the Board Chair programs offered by the Institute of Corporate Directors, and the Evaluation of Oil and Gas Properties for Technical Professionals Certification course offered by Sproule International.

Expertise

Industries

Practices

Representative Matters

  • North West Redwater Partnership in connection with a $1.6 billion offering of Senior Secured Notes
  • North West Redwater Partnership in connection with the implementation of its $2 billion Canadian Commercial Paper Program
  • Green Impact Partners Inc. in connection with its equity structuring of Future Energy Park, a $1.5 billion carbon negative RNG and ethanol project
  • Gasia Energy Partners in connection with its proposed $500 million diluent recovery unit and associated infrastructure
  • Cvictus Inc. in connection with its regulatory approvals, credit analysis and initial financing relating to its in-situ gas production and CCUS operations in Alberta
  • Olympus Partners in connection with its sale of Liqui-Box Canada to Sealed Air Corporation for US$1.26 billion
  • North West Redwater Partnership in connection with the sale of a partnership interest from NW Refining Ltd. to the Alberta Government and restructuring of $14 billion in debt
  • Green Impact Partners Inc. in connection with a $110 million subscription receipt offering and acquisition of RNG assets
  • Wolverine Energy & Infrastructure in connection with the spin-out of $125 million of RNG assets into a new public issuer
  • Great Plains MDF Ltd. in connection with its initial financing and regulatory approvals for a $1.2 billion MDF facility
  • Watchstone plc in connection with the sale of its portfolio company PT Healthcare to Lifemark Health Group
  • Mill City Capital LP in connection with its sale of its portfolio company Bonnett’s Energy Corporation to management
  • Government of Alberta in connection with its proposed acquisition of the Trans Mountain Pipeline System and the subsequent provision of its project back-stop funding
  • Enersight Corp. in connection with the $75 million sale to private equity group Rubicon / 3esi and management rollover
  • Morgan Stanley Energy Partners in connection with its acquisition of two Western Canada based portfolio companies and associated credit-based financing
  • SCF Partners in connection with its co-invest fund structuring and subsequent direct or indirect acquisition of interests in three (3) private oilfield companies
  • CPPIB in connection with the $250 million alternative debt financing of South American based Canacol Energy
  • Northern Frontier Corp. in connection with the $30 million sale of assets to MT Investments Inc.; $10 million acquisition of SL Oilfield Construction Ltd.; $20 million acquisition of a division of Black Diamond Group Ltd
  • AGF Management Limited in connection with its $20 million direct investment in Stream Financial Fund and subsequent structuring of additional collective investment vehicles
  • CHS Inc. in connection with its $1.5 billion proposed acquisition of UFA
  • Northern Frontier Corp. in connection with the $40 million acquisition of Central Water & Equipment Services; $20 million short form prospectus offering; $12 million short-form prospectus offering; $27 million acquisition of Terra Water; acquisition of Sterling Oilfield Services
  • CPPIB in connection with the $200 million alternative debt financing of Cequence Energy Inc.; $250 million alternative debt financing of Legacy Oil & Gas
  • Mill City Capital in connection with the $120 million take private of Bonnett’s Energy Services and subsequent portfolio company bolt-on acquisitions
  • Quindell Services in connection with the $80 million acquisition of PT Healthcare by plan of arrangement and exchangeable shares
  • Northern Frontier Corp. in connection with its initial public offering of common shares and TSX listing
  • Flint Energy Services Ltd. in connection with a $1.2 million sale to URS Corp. pursuant to a plan of arrangement
  • Mill City Capital Inc. in connection with its cross-border fund structuring, management sponsorship and subsequent acquisition of Union Tractor Inc.
  • Molopo Energy Canada Ltd. in connection with the $250 million share/asset exchange with Legacy Oil & Gas Inc.
  • Riverstone Holdings LLC in connection with the $200 million direct investment in Canera Resources II Inc. and management restructuring
  • Teine Energy Ltd. in connection with the $150 million direct investment by CPPIB and corporate reorganization
  • Iteration Energy Inc. in the $950 million negotiated acquisition by Chinook Energy
  • Goldman Sachs as Canadian counsel in connection with a proposed $500 million IPO of Calgary based South American oil & gas issuer
  • Ecopetrol S.A. in connection with the listing of its ADRs on TSX
  • Stratic Energy Corporation in connection with the $250 million negotiated acquisition by Enquest Plc
  • Quantum Energy Partners in connection with the $100 million direct investment in RMP Energy, Ltd.
  • Riverstone Holdings LLC in connection with the $250 million direct investment in Canera Resources Inc.
  • Riverstone Holdings LLC in connection with $200 million direct investment in Shelter Bay Inc.
  • Quantum Energy Partners L.P. in connection with the $20 million reorganization of Sabretooth Energy Ltd. and $75 million direct investment in Spearpoint Energy
  • PetroKamchatka Plc in connection with the $50 million take-over of Cyprus entity by a Jersey entity and subsequent subscription receipt financed reverse take-over of a TSX-V listed issuer
  • Molopo Australia Limited in connection with the $100 million acquisition of two private companies; one by take-over bid and one by plan of arrangement

Teaching Engagements

  • Sessional instructor for the University of Calgary Faculty of Law; developed and taught Business Law 656 – Mergers and Acquisitions

News

Media Mentions

Rankings & Recognitions

  • Recognized by Chambers Global: The World’s Leading Lawyers for Business in the area of Corporate Mergers and Acquisitions
  • Recognized in the Lexpert/Report on Business Special Edition ‒ Canada’s Leading Energy Lawyers as a leading lawyer in Energy in Canada
  • Recognized in Who’s Who Legal: Energy as one of the world’s leading energy lawyers
  • Recommended in The Legal 500: Canada as a Capital Markets lawyer
  • Recognized in Who’s Who Legal: Canada as a leading lawyer in the area of energy
  • Consistently recommended in the Canadian Legal Lexpert Directory as a lawyer in Corporate Commercial and Mergers & Acquisitions

Education & Admissions

2022
Board Chair ProgramInstitute of Corporate Directors
2010
Directors Financial Literacy ProgramInstitute of Corporate Directors
2007
Director Designation (ICD.D)Institute of Corporate Directors
1995
Called to the Alberta bar
1995
JDQueens University
1990
Master of Science (Biotechnology)University of Alberta
1987
Bachelor of Science University of Alberta

Publications