On December 17, 2015, BayBridge Seniors Housing Inc. (BayBridge), a wholly owned subsidiary of the Ontario Teachers’ Pension Plan Board, completed the acquisition of Amica Mature Lifestyles Inc. (Amica) pursuant to a statutory plan of arrangement under the CBCA for approximately $1 billion, including debt assumed. Amica is involved in the design, development, marketing, management and ownership of luxury seniors residences, with 25 Amica Wellness & Vitality™ Residences in operation in Ontario, British Columbia and Alberta. BayBridge is an innovative owner and operator of seniors’ residences in Canada, offering a range of living options.
Amica was represented by a team led by Andrew Oppenheim (real estate) which included Stuart Olley, Martin Mix, Gordon Chmilar, Brett Kagetsu, Ben Hudson, Patrick Rea, Alisha Virk and Riley Dearden (M&A/securities), Brent Kerr (tax), Ian MacDonald (competition) and Jonathan Van Netten (litigation) of Gowling Lafleur Henderson LLP.
BayBridge was represented by Jeffrey Singer, Donald Belovich, Michael Burkett, Nick Badeen, Christopher Yung, John Lee, Logan Copen (M&A/ securities), Melissa Schyven, Kasia Kmiec, Brady McLeod (real estate/regulatory), John Lorito, Dean Kraus, Lindsay Gwyer (tax), Craig Mitchell, Melissa John (banking), Mike Kilby, William Wu (competition), Andrea Boctor, Aiden Talai (benefits), Kelly O'Ferrall, Kris Noonan, Khalfan Khalfan (employment & labour), Larry Cobb (environmental) and David Brown (litigation) of Stikeman Elliott LLP.