Royal Bank of Canada (“RBC”) successfully completed the acquisition of the remaining 50 per cent interest in RBC Dexia Investor Services Ltd. for $1.109 billion (“RBC Dexia”) from Banque Internationale à Luxembourg SA (“BIL”). Under the transaction, RBC is now the sole owner of RBC Dexia and will operate under a new brand, as RBC Investor Services.
RBC was represented in-house by Anthony Pagano, Candice Solomon, Lucille D'Souza, Evan Hillman and Sue Wooles; and by corporate partners Mark Gearing and Jim Ford of Allen & Overy LLP in London. It was also represented by Osler, Hoskin & Harcourt LLP as Canadian counsel, with a team that included Stephen Clark, Michelle Lally, Patrick Marley and Victoria Graham in Toronto.
RBC Dexia was represented in-house by Matthias Baillieul and Hanif Mohamed and by Cleary Gottlieb Steen & Hamilton LLP in London with a team led by Michael McDonald (M&A) as well as by McCarthy Tétrault LLP as Canadian counsel with a team led by Sonia Struthers that included Daniel Benay and Nancy Carroll.