Pattern Energy Completes $6.1 Billion Acquisition by CPPIB

Paul, Weiss advised the special committee of the board of directors of Pattern Energy Group Inc. in its approximately $6.1 billion all-cash acquisition by Canada Pension Plan Investment Board (CPPIB). Under the terms of the transaction, shareholders of Pattern Energy, an independent power company operating in the U.S., Canada and Japan, received $26.75 per share, representing a premium of approximately 14.8 percent to Pattern Energy's closing share price on August 9, 2019, the last trading day prior to market rumors regarding a potential acquisition of the company.

The Paul, Weiss team included, among others, corporate partners Bob Schumer and Brian Lavin and counsel Patricia Vaz de Almeida and Frances Mi; litigation partners Geoff Chepiga and Jaren Janghorbani; tax partner David Sicular; employee benefits partner Lawrence Witdorchic and counsel Jarrett Hoffman; antitrust counsel Yuni Sobel and Marta Kelly; and international trade counsel Richard Elliott.