Frank  Turner

Frank Turner, Partner, Corporate

Contact Information

  • tel: 403.260.7017
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Bar Admission

Alberta, 2002 ; Ontario, 1993

Education

  • University of Victoria, LL.B.
  • University of Toronto, B.A.

Office

Calgary

Language(s)

English

Biography

Frank is Co-head of Osler’s Asia Pacific initiative and is the former National Co-Chair of the firm’s  Corporate Group. Frank currently practices from the firm’s Calgary office in the areas of mergers and acquisitions and corporate finance. He routinely advises companies and other enterprises in the resource, financial services and technology sectors on matters involving acquisitions, dispositions, strategic alliances, governance and corporate finance. Frank has particular expertise advising clients in Asia, the Middle East, North Africa and other parts of the world, including sovereign wealth funds, state-owned enterprises and private companies, on acquisitions and investments in Canada. Frank has previously worked in the firm’s New York and Toronto offices and has served on secondment with investment banks in both those cities (Morgan Stanley and BMO Nesbitt Burns). Frank serves as a director on the boards of a number of public and private entities.

Notable Matters

  • Microsoft, as Canadian counsel on its €5.4 billion acquisition of Nokia Corporation’s devices and services business.
  • URS Corporation on its $1.5 billion acquisition of Flint Energy Services Ltd.
  • Thule Group of Sweden on its acquisition of Chariot Carriers.
  • Microsoft Corporation on its acquisition of InCycle Software.
  • China Investment Corporation on its $1.26 billion investment in PennWest Energy.
  • Korea Investment Corporation on its strategic investment in Laricina Energy.
  • Mongolia Minerals Corporation, based in Canada and operating principally in Mongolia and China,on its $160 million acquisition of joint venture interests and various other acquisitions, dispositions and financing activities as well as on governance matters; since 2009.
  • Golden Crescent Investments Ltd., an affiliate of Egyptian-based Citadel Capital, on its proposed sale of National Petroleum Egypt Company Limited to Sea Dragon Energy Inc.
  • Eastern Petroleum Limited and Spud Energy Pty. Limited (affiliates of Pakistani-based JS Group) in the reverse take-over of Jura Energy Corporation.
  • Bukit Energy Inc., based in Singapore and operating principally in Indonesia, in connection with various M&A, financing and governance matters; since 2012.
  • Buried Hill Energy, based in the U.K. and operating principally in Turkmenistan and The Gambia, on various M&A, financing and governance matters; since 2007.
  • Citadel Capital andits portfolio company, National Oil Production CompanyS.A.E., based in Egypt, on the acquisition of Rally Energy and on various other projects and corporate and commercial matters; since 2007.
  • Dana Gas PJSC, based in the United Arab Emirates, on its acquisition of Centurian Energy International Inc.
  • Killick Capital Inc. and its portfolio company, Avatas Aerospace, on a strategic investment by Alaris Royalty Corp. and on acquisitions and various other corporate, governance and commercial matters; since 2007.
  • Korea Investment Corporation on its strategic investment in Osum Oil Sands.
  • Black Gold Energy LLC, headquartered in Delaware and operating principally in Indonesia, on its acquisition by Niko Resources.
  • Tristone Capital Global Inc. on its acquisition by Australian-based Macquarie Group.
  • Fording Canadian Coal Trust on its $14 billion acquisition by Teck Cominco, the largest M&A transaction undertaken in Canada in 2008 and the Financial Times/Mergermarket Canadian M&A Deal of the Year.
  • MicrosoftCorporation in connection with substantially all of its Canadian M&A activities including its acquisition of Opalis, Alacris, GeoTango, 90 Degree Software, AssetMetrix, DeepMetrix, Geodyssey, BigPark and InCycle, its acquisition ofthe assets of Encore Business Solutions and Dundas Data Visualization, its disposition of assets to Greenfield Online, its strategic alliance with Ericsson and various other Canadian M&A activities; since 1999.
  • The Gap, Inc. and Old Navy (Canada) Inc. in connection with a variety of Canadian governance, corporate and commercial matters; since 1998.

Affiliations

  • Rocky Mountain Mineral Law Foundation
  • Canadian Bar Association
  • Law Society of Alberta
  • Law Society of Upper Canada

Industry Recognition

  • Named as a leading energy lawyer in Lexpert’s Canada’s Leading Energy Lawyers 2013.
  • Named as a “Leading Canadian Lawyer in Global Mining”, in Lexpert’s Special Edition on Mining, December 2013
  • Ranked in the area of Mergers & Acquisitions Law by The Best Lawyers in Canada 2015
  • Ranked as one of Canada’s leading Corporate lawyers in the corporate mid-market by The Canadian Legal Lexpert Directory 2013
  • Listed as a “Leading Lawyer” in the areas of Mergers and Acquisitions and Financial Services/Regulatory by the International Financial Law Review 1000: The Guide to the World’s Leading Financial Law Firms
  • Lead counsel to Fording in connection with “The Financial Times/Mergermarket M&A Americas Awards - M&A Deal of the Year – Canada” in 2008 (Fording Canadian Coal Trust’s $14.1 billion sale to Teck Cominco Limited)

Publications/Events/Education

  • Quoted:  “Mixed Expectations for Oil and Gas Mergers in 2014”, April 30, 2014, Legal Post, National Post, Julius Melnitzer
  • The Improving Climate for SOE Investment in Canada’s Resource Sector, Acquisition International, April 2014
  • Quoted: For China, an oil sands investment that can’t be blocked, March 11, 2014, The Globe & Mail, Nathan Vanderklippe
  • “Changes, Challenges and Strategies for Chinese Investors in Canada’s Resource Sector”, Osler Seminar, Beijing and Hong Kong, February 2014 (Presenter)
  • Quoted: Osler Sees More Opportunities for PE & VC Funds in Canadian Financial Trends, PeHUB, January 20, 2014, Kirk Falconer
  • Mixed Levels of Activity in the Canadian Capital Markets - Introduction, Capital Markets Review, January, 2014
  • The Year the Music Stopped– The Precipitous Decline in SOE Investment in Canada’s Oil and Gas Sector in 2013,  Capital Markets Review, January 2014
  • Quoted: Billion Dollar empires in aisle four, Listed Magazine, December 16, 2013, Jim Middlemiss
  • Quoted: Demand for legal services reflects global economic activity, Best Lawyers Information Feature, The Globe and Mail, November 26, 2013
  • Quoted: Canada’s slow oil, gas infrastructure development worry Chinese, minister says, The Globe and Mail, October 28, 2013, Shawn McCarthy
  • “Big Law and the Future of M&A: Are Rumours of its Death Greatly Exaggerated”, Pipestone Conference, Banff, Alberta, October 2 – 4, 2013 (Moderator and Presenter)
  • Navigating Aboriginal Issues in Private Equity Transactions, Osler Update, September 30, 2013
  • Quoted: SOE rules slow oil sands related investment, energy lawyers say, Financial Post, September 27, 2013, Yadullah Hussain
  • The Australian Energy Sector – Lessons Learned, Joint Session with Corrs Chambers Westgarth, September 25, 2013 (Moderator and Presenter)
  • Quoted: Open for Business – some restrictions apply, The Calgary Herald, June 21, 2013, Brian Burton
  • Mixed Results for Capital Markets in 2012, Introduction to Capital Markets Review, January 2013
  • Asian Investment in Canada’s Resource Sector in 2012, Capital Markets Review, January 2013
  • Mixed Messages: What does the Canadian government’s initial rejection of the Petronas/Progress deal signal for SOE investment, and CNOOC’s bid for Nexen?, International Financial Law Review, December/January 2013
  • Quoted: Ottawa risks resources slowdown, The Globe and Mail, December 10, 2012, Shawn McCarthy
  • New Rules for Foreign Investment by State Owned Enterprises – Do They Strike the Right Balance?, Osler Update, December 9, 2012
  • Quoted: Now the bad news: Decision may jeopardize future investment in oilsands, The Calgary Herald, December 7, 2012, Deborah Yedlin
  • Quoted: ‘Don’t hamstring energy deals with demands on China’, The Calgary Herald, November 30, 2012, Brian Burton
  • Canada’s Petronas Rejection: miscommunication or new reality?, China Business Law Journal, November 2012
  • Where Will the New Legal Jobs Be?, IBA Annual Conference, Dublin, October 2012 (Featured Speaker - Senior Lawyers Committee)
  • Government Rejects Petronas-Progress Transaction: Is Rejection the New Reality for Foreign Investors?, Osler Update, October 21, 2012
  • Quoted: Energy shares slide after Ottawa’s rejection of $5.9B Petronas bid for Progress Energy, Financial Post, October 21, 2012, Jameson Burkow
  • Quoted: Petronas Move Spurs Fear of Investor Chill, Globe and Mail, October 21, 2012, Shawn McCarthy/Boyd Erman
  • Quoted: Legal Experts Say Petronas Rejection Could Have Chilling Effect, The Wall Street Journal, October 22, 2012, Paul Vieira
  • Quoted: Art of the Deal: What is it really like working on an energy deal? A look at how URS Corporation acquired Flint Energy Services Ltd. for $1.25 billion, Lexpert Magazine, September 2012, Marzena Czarnecka. Frank Turner was featured further through his appearance on Lexpert’s cover
  • Quoted: Foreign Buyers Bound to Draw More Scrutiny, Financial Post, March 6, 2012, Peter Koven  
  • Foreign Investment in Canada – One Year After Potash Corporation, Capital Markets Review, 2012
  • M&A Activity in the Pipeline Sector and the Politics of Moving Hydrocarbons,  Capital Markets Review, 2012
  • Foreign Investment in the Natural Resource Sector in the Wake of Potash, Capital Markets Review, 2011
  • The Mid-Market Remains the Main Driver of Canadian M&A Activity, Capital Markets Review, 2011
  • Quoted: Business of Law, The Calgary Herald, June 22, 2011, Brian Burton
  • Quoted: The Lights are on 24/7 for New Generation, The Calgary Herald, June 14, 2011, Brian Burton
  • Quoted: Black Gold Rush, The American Lawyer, November 2010, Julie Triedman
  • Developments in Canadian Securities Law – Defensive Tactics and Shareholder Rights Plans, Canadian Legislation Guide, 21st Anniversary Edition of the International Financial Law Review 1000: The Guide to the World’s Leading Financial Law Firms.
  • Income Trust Conversions, Buyouts & Mergers, The Canadian Institute, January 14-15, 2009 (Conference Co-Chair).
  • Sovereign Wealth Funds to the Rescue?, Osler Corporate Review, December 2008.
  • Sovereign Wealth Funds Among International Buyers in the Canadian M&A Market, Osler Outlook, Fall 2008.
  • Canadian M&A Gets an International Flavour, Osler Outlook, Summer 2008.
  • Risk Management in Mergers and Acquisitions, CCCA/Osler Platinum Series Seminar, January 2008 (Panel Chair).