TransCanada $13 billion acquisition of Columbia Pipeline Group

17/3/2016
Public acquisition

$ 13 billion

Announced

17/3/2016


Overview:

  • TransCanada has acquired Columbia Pipeline Group, based in Houston, for $13 billion. 
  • Columbia Pipeline Group runs pipelines that stretch across 15,000-miles.
  • Wells Fargo Securities was financial adviser to TransCanada
  • Goldman Sachs and Lazard Frères & Co were financial advisors to Columbia Pipeline Group 
  • Mayer Brown (Marc Sperber, Andrew Noreuil, Mike Hermsen, Joe Hable), Osler Hoskin & Harcourt, and Blake Cassels & Graydon advised TransCanada.
  • Crowell & Moring (Mary Anne Mason, Olivier Antoine) advised TransCanada on the antitrust issues. 
  • Sullivan & Cromwell (Joseph Frumkin, George Sampas, Ronald Creamer Jr, S Neal McKnight, Matthew Friestedt, J Michael Snypes Jr) advised Columbia Pipeline Group as US counsel alongside Bennett Jones (David Spencer, David Phillips, Karen Dawson) as Canada counsel.
  • Skadden Arps Slate Meagher & Flom acted for Goldman Sachs.

Jurisdictions:

Canada
United States

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Oil and gas


Firms:

Party: Columbia Pipeline Group (Target)


Party: Trans Canada (Acquirer)


Party: Trans Canada (Acquirer)


Party: Trans Canada (Acquirer)


Party: Trans Canada (Acquirer)


Party: Goldman Sachs (Financial adviser)


Party: Columbia Pipeline Group (Target)