Our Vancouver, Toronto, Calgary, Ottawa and Houston offices advised TSXV-listed Macro Enterprises Inc. (“Macro”), a leading Canadian energy project construction company, on a going-private transaction by its senior management. The total cash consideration paid to the non-participating shareholders was C$123m. The transaction was effected by way of a court-approved plan of arrangement. Under the terms of the arrangement an entity formed by participating members of Macro’s management team, acquired all of the outstanding common shares of Macro for C$4.00 in cash per share.