Investec Group Locks-Up SVC Equity

Borden Ladner Gervais LLP advised South African bank Investec Group Ltd. in locking-up its 24 per cent equity interest to the announced offer by Nova Bancorp Group, supported by the Caisse de depot et placements du Quebec (Caisse de depot), for control of TSE-listed Strategic Value Corporation (SVC). SVC, with funds under management of $3.6 billion, will continue to draw on founding shareholder Mark Bonham, who also locked-up to the offer, for domestic investment advice, and on Investec for international advice on several of the Strategic Value Funds.

Borden Ladner Gervais LLP’s lead partner was Alfred Page, with assistance from partners Larissa Tkachenko (Tax) and Jeff Graham (Financial Services), and associate Michael DeCosimo (Corporate). Andre Roy of Stikeman Elliot in Montreal represented Nova on the transaction. Jonathan Levin and Peter Ascherl of Fasken Martineau DuMoulin LLP represented SVC. Martin Rabinovitch of Lang Michener represented Mr. Bonham. Michel Brunet of Byers Casgrain in Montreal represented Caisse de depot.

Lawyer(s)

Alfred L.J. Page Michael C. De Cosimo Jeffrey S. Graham Michel A. Brunet André J. Roy Jon Levin Larissa V. Tkachenko