Neal practices corporate and securities law, with an emphasis on mergers and acquisitions, private equity, corporate finance and company governance matters.
He has extensive experience dealing with cross-border issues on numerous transactions, acting for foreign-based clients acquiring or investing in Canadian companies, Canadian companies acquiring foreign operations, and advising Canadian companies with significant foreign assets.
Neal also assists his clients with regard to Canadian public company compliance issues. A significant portion of Neal’s practice involves corporate finance work, including private equity financings, as well as advising both issuers and underwriters on private and public offerings of debt and equity securities in Canada, the US and internationally.
Prior to joining Osler in 2007, Neal was in- house corporate counsel with Shell Canada when it was listed on the TSX. Neal clerked at the Court of Appeal for Saskatchewan.
Areas of Expertise
Representative Work
- M3-Brigade Acquisition III Corp.
M3-Brigade Acquisition III Corp. in its US$950 million business combination with Greenfire Resources Inc.
- VAALCO Energy
VAALCO in its US$307 million business combination with TransGlobe
- KKR and AIMCo
KKR and AIMCo in the amendment of the partnership and related agreements in respect of their equity investment in the $11.2B Coastal GasLink Pipeline
- A significant equity sponsor of Black Swan Energy
A significant equity sponsor of Black Swan Energy in its $1.1 billion acquisition by Tourmaline
- Genesis Fertilizers
Genesis Fertilizers in its partnership formation and equity capital raise to develop a 700,000 metric tonne urea plant and six distribution facilities in Western Canada at an estimated $1.7 billion
- 2223890 Alberta Ltd.
2223890 Alberta Ltd. in its $195 million go-private transaction with Rocky Mountain Dealerships Inc.
- Pipestone Energy Corp.
Pipestone Energy Corp. in its $70 million convertible preferred share financing
- KKR
Acting for KKR and AIMCo in their joint acquisition of a combined 65% equity interest from TC Energy in the $6.8B Coastal GasLink Pipeline Project
- Pipestone Oil Corp.
Pipestone Oil Corp. in its strategic merger with Blackbird Energy Inc. and $309.5 million in equity and debt financings to form Pipestone Energy Corp.
- Ensign Energy Services Inc.
Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million
- Panavision Inc.
Panavision Inc. in its acquisition by Saban Capital Acquisition Corp and combination with Sim to form Panavision Holdings
- Aspenleaf Energy Limited
Aspenleaf Energy Limited in its acquisition of NEP Canada ULC
- Greengate Power Corporation
Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments
- Kineticor
Kineticor closed $125 million convertible debt and equity financing commitment from OPTrust and the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, Alberta from Shell Canada.
- Shell Canada Limited
Shell Canada Limited, in its sale of strategic assets to Tourmaline Oil Corp. for $1.369 billion
- Canada Pension Plan Investment Board
CPPIB in connection with the $975 million funding for an asset purchase by Teine Energy Ltd.
- Nordic Trustee ASA
Osler represents Nordic Trustee ASA for Sterling Resources Norwegian Bond Recapitalization
- Canada Pension Plan Investment Board
Canada Pension Plan Investment Board in its investment through a private placement of subscription receipts as a cornerstone investor of TORC Oil & Gas
- Pro Bono counsel to Glenbow-Alberta Institute for creation of Glenbow Western Research Centre at the University of Calgary – Link
- Procera Networks Inc. in its $562 million acquisition of TSX-listed Sandvine Corporation by way of plan of arrangement in Ontario
- The Carlyle Group with regard to Canadian aspects of its acquisition of Arctic Glacier Group Holdings, Inc. from H.I.G. Capital
- Canada Pension Plan Investment Board in the funding of its majority-owned portfolio company Teine Energy Ltd., which acquired $975 million of light oil and heavy oil assets in South Western Saskatchewan
- Canada Pension Plan Investment Board in its equity financing of Seven Generations Energy Ltd. and with regard to Seven Generation’s IPO
- Canada Pension Plan Investment Board in its equity financing of Black Swan Energy Ltd. with a syndicate of private equity funds
- Trilantic Capital Partners, on Canadian aspects of its investment in 24-7 In Touch
- Aspenleaf Energy Limited in its acquisition of Arcan Resources Ltd
- Aspenleaf Energy Limited in its equity line financing by Ontario Teacher’s Pension Plan Board and ARC Financial Corp
- Basin Tools L.P. in its take-private acquisition of Wenzel Downhole Tools Ltd. by way of plan of arrangement
- Counsel to the underwriters for Oryx Petroleum Corporation Limited’s $250 million initial public offering
- Shell Canada Limited in its $5.9 billion acquisition of Duvernay Oil Corp
- The Shareholders of National Process Equipment Inc. in the sale of the company to DXP Enterprises Inc
- Rockwater Energy Solutions, Inc. in its cross-border acquisition of Vencor Production Testing
- Eastern Petroleum Limited in its reverse takeover of TSX-listed Jura Energy Corporation
- Canadian Oil Sands Limited in its $1.45 billion cross-border private placements of senior notes
- Tuscany International Drilling Inc. in its acquisition of French drilling Company Caroil S.A.S. from Etablissments Maurel & Prom for approximately $200 million
- Enerflex Ltd. in its spin-out from Toromont Industries Ltd. as a new TSX-listed public company
- Glam Media Inc. in its cross-border acquisition of BBS Media
- Microsoft Corporation in its cross-border acquisition of Opalis Software Inc
- Microsoft Corporation in its cross-border acquisition of 90 Degree Software Inc
- Warburg Pincus in its $250 million backstop commitment and investment in MEG Energy Corp. and with regard to MEG’s IPO
- Dragon Capital in its cross-border acquisition of Keeper Resources Inc
- The Special Committee of Board of Trustees of Gienow Windows & Doors Income Fund in the sale of the operating businesses of Gienow Windows & Doors Income Fund to H.I.G. Capital
- Novozymes A/S in its cross-border acquisition of Philom Bios Inc
M3-Brigade Acquisition III Corp. in its US$950 million business combination with Greenfire Resources Inc.
VAALCO in its US$307 million business combination with TransGlobe
KKR and AIMCo in the amendment of the partnership and related agreements in respect of their equity investment in the $11.2B Coastal GasLink Pipeline
A significant equity sponsor of Black Swan Energy in its $1.1 billion acquisition by Tourmaline
Genesis Fertilizers in its partnership formation and equity capital raise to develop a 700,000 metric tonne urea plant and six distribution facilities in Western Canada at an estimated $1.7 billion
- 2223890 Alberta Ltd.
2223890 Alberta Ltd. in its $195 million go-private transaction with Rocky Mountain Dealerships Inc.
- Pipestone Energy Corp.
Pipestone Energy Corp. in its $70 million convertible preferred share financing
- KKR
Acting for KKR and AIMCo in their joint acquisition of a combined 65% equity interest from TC Energy in the $6.8B Coastal GasLink Pipeline Project
- Pipestone Oil Corp.
Pipestone Oil Corp. in its strategic merger with Blackbird Energy Inc. and $309.5 million in equity and debt financings to form Pipestone Energy Corp.
- Ensign Energy Services Inc.
Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million
- Panavision Inc.
Panavision Inc. in its acquisition by Saban Capital Acquisition Corp and combination with Sim to form Panavision Holdings
- Aspenleaf Energy Limited
Aspenleaf Energy Limited in its acquisition of NEP Canada ULC
- Greengate Power Corporation
Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments
- Kineticor
Kineticor closed $125 million convertible debt and equity financing commitment from OPTrust and the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, Alberta from Shell Canada.
- Shell Canada Limited
Shell Canada Limited, in its sale of strategic assets to Tourmaline Oil Corp. for $1.369 billion
- Canada Pension Plan Investment Board
CPPIB in connection with the $975 million funding for an asset purchase by Teine Energy Ltd.
- Nordic Trustee ASA
Osler represents Nordic Trustee ASA for Sterling Resources Norwegian Bond Recapitalization
- Canada Pension Plan Investment Board
Canada Pension Plan Investment Board in its investment through a private placement of subscription receipts as a cornerstone investor of TORC Oil & Gas
- Pro Bono counsel to Glenbow-Alberta Institute for creation of Glenbow Western Research Centre at the University of Calgary – Link
- Procera Networks Inc. in its $562 million acquisition of TSX-listed Sandvine Corporation by way of plan of arrangement in Ontario
- The Carlyle Group with regard to Canadian aspects of its acquisition of Arctic Glacier Group Holdings, Inc. from H.I.G. Capital
- Canada Pension Plan Investment Board in the funding of its majority-owned portfolio company Teine Energy Ltd., which acquired $975 million of light oil and heavy oil assets in South Western Saskatchewan
- Canada Pension Plan Investment Board in its equity financing of Seven Generations Energy Ltd. and with regard to Seven Generation’s IPO
- Canada Pension Plan Investment Board in its equity financing of Black Swan Energy Ltd. with a syndicate of private equity funds
- Trilantic Capital Partners, on Canadian aspects of its investment in 24-7 In Touch
- Aspenleaf Energy Limited in its acquisition of Arcan Resources Ltd
- Aspenleaf Energy Limited in its equity line financing by Ontario Teacher’s Pension Plan Board and ARC Financial Corp
- Basin Tools L.P. in its take-private acquisition of Wenzel Downhole Tools Ltd. by way of plan of arrangement
- Counsel to the underwriters for Oryx Petroleum Corporation Limited’s $250 million initial public offering
- Shell Canada Limited in its $5.9 billion acquisition of Duvernay Oil Corp
- The Shareholders of National Process Equipment Inc. in the sale of the company to DXP Enterprises Inc
- Rockwater Energy Solutions, Inc. in its cross-border acquisition of Vencor Production Testing
- Eastern Petroleum Limited in its reverse takeover of TSX-listed Jura Energy Corporation
- Canadian Oil Sands Limited in its $1.45 billion cross-border private placements of senior notes
- Tuscany International Drilling Inc. in its acquisition of French drilling Company Caroil S.A.S. from Etablissments Maurel & Prom for approximately $200 million
- Enerflex Ltd. in its spin-out from Toromont Industries Ltd. as a new TSX-listed public company
- Glam Media Inc. in its cross-border acquisition of BBS Media
- Microsoft Corporation in its cross-border acquisition of Opalis Software Inc
- Microsoft Corporation in its cross-border acquisition of 90 Degree Software Inc
- Warburg Pincus in its $250 million backstop commitment and investment in MEG Energy Corp. and with regard to MEG’s IPO
- Dragon Capital in its cross-border acquisition of Keeper Resources Inc
- The Special Committee of Board of Trustees of Gienow Windows & Doors Income Fund in the sale of the operating businesses of Gienow Windows & Doors Income Fund to H.I.G. Capital
- Novozymes A/S in its cross-border acquisition of Philom Bios Inc
Latest Insights
-
Osler Update Sep 14, 2022
Federal government announces initial list of prescribed Prairie regions where livestock tax deferral has been authorized for 2022
The federal Income Tax Act (ITA) allows farmers compelled to sell part of their breeding herd due to drought, flood or excessive moisture conditions...
Read more -
Osler Update May 24, 2022
International Sustainability Standards Board releases draft sustainability and climate change disclosure proposals for public comment
The International Sustainability Standards Board has issued proposed global standards for sustainability- and climate-related disclosure for public...
Read more -
Osler Update Jun 24, 2021
Federal government opens new agricultural clean technology program to applicants
In their Osler Update, authors Neal Ross, Nathaniel Lipkus, Justin Young, Jacob Young and Tyler Warchola comment on the federal government’s new...
Read more
-
Osler Update Apr 6, 2021
Federal and provincial governments reach partial agreement on AgriStability program
On March 25, 2021, federal Agriculture Minister Marie-Claude Bibeau announced that all provincial and territorial governments have agreed to certain...
Read more
Awards and Recognition
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Best Lawyers in Canada: Recognized in Corporate Law; Securities Law
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IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Banking; M&A; Private Equity (Rising Star)
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The Canadian Legal Lexpert Directory: Recognized in Corporate Finance & Securities
Media Mentions
-
Osler News Sep 25, 2023
22 Osler lawyers recognized in Lexpert Special Edition: Energy 2023
Osler is proud to announce that 22 of our lawyers are featured in the Lexpert Special Edition: Energy 2023, recognizing leading lawyers in the oil...
Read more
Speaking and Writing
Published Work
- “What’s Market: Public M&A Agreements in the Oil & Gas Industry”, for Practical Law Canada, February, 2018.
- “Negotiating in 2017 – An Evolving Legal Environment” Seminar, July 2017.
- “Foreign Corrupt Practices and Corporate Investigations” Seminar, March 21, 2013.
- “The Annotated Purchase and Sale Agreement – Essential Clauses for Asset, Stock, and Merger Deals,” Insight Conference: Negotiating and Drafting Major Business Agreements, January 25-26, 2011.
Credentials
Education
- University of Saskatchewan, Juris Doctorate (Law)
Languages
- English
Professional Affiliations
- Canadian Bar Association
- Calgary Bar Association
