Western Wind Energy Corp (the "Company") is pleased to announce that, following a thorough selection process by the Independent Committee, the Company has engaged Rothschild as its lead financial advisor in connection with the previously announced process to sell the Company and all of its assets. PI Financial Corp has also been engaged as a co-advisor on the sale.
Rothschild has extensive experience advising its clients on mergers and acquisitions throughout the world in a variety of industries, including the power, utilities and renewables sector. Rothschild will be working with the Company's management and Board of Directors to structure and manage a comprehensive sales process with the goal of maximizing value for all shareholders. The process, which will begin immediately, will seek to solicit a broad universe of potential acquirers in North America and abroad. A data room will be opened shortly for qualified parties having executed a non-disclosure agreement. Rothschild expects to formally request non-binding expressions of interest as soon as possible. Following the receipt of the Expressions of Interest, the Advisors will allow a small number of selected parties to conduct further due diligence and enter into detailed discussions with management with a view to finalizing a definitive binding proposal regarding the acquisition of the Company and its assets.
The Company will be providing further updates on the sales process as necessary or appropriate.
Jeff Ciachurski, CEO of Western Wind states "we are proud to have engaged a firm of the caliber of Rothschild. Rothschild is a top tier investment bank and is truly independent. The firm clearly has the global reach necessary to manage a thorough sales process. Rothschild and PI Financial Corp will conduct a fair and independent process with the scope to maximize value."