On May 24, 2017, Spin Master Corp. (Spin Master) (TSX: TOY) completed a secondary offering of 3,681,000 subordinate voting shares at a price of $40.75 per subordinate voting share, indirectly, beneficially owned by the founders of Spin Master (the Selling Shareholders) for gross proceeds of approximately $150 million.
Spin Master is a leading global children’s entertainment company that creates, designs, manufactures, licenses and markets a diversified portfolio of innovative toys, games, products and entertainment properties.
The offering was made through an underwriting group co-led by RBC Capital Markets and TD Securities Inc., and that included BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., Cormark Securities Inc., Goldman Sachs Canada Inc. and Raymond James Ltd.
Spin Master was represented internally by Christopher Harrs, Executive Vice President and General Counsel, Corporate Secretary, and Karoline Hunter, Senior Director, Investor Relations & Associate General Counsel.
Blake, Cassels & Graydon LLP acted as Canadian counsel to Spin Master, with a team that included Frank Arnone, Matthew Merkley, Alison Desipio, Jeremy Ozier and Victoria Locke (securities) and Jeffrey Shafer (tax).
Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to Spin Master with a team that included Riccardo Leofanti and Ryan Hickey (corporate).
Torkin Manes LLP acted as Canadian counsel to the Selling Shareholders, and was led by Andrew Wilder, Yale Hertzman (corporate/securities), Wesley Isaacs (tax) and Linda Godel (not-for-profit/charities).
The syndicate of underwriters was represented by Torys LLP on Canadian and US matters, with a team of Kevin Morris, Laura Sigurdson and Sharon Au (Canadian securities) and Andrew Beck (US securities).