VantagePoint Acquires Equity Stake in OZ Communications

On September 15, 2004, VantagePoint Venture Partners of San Bruno, California acquired a significant equity position in OZ Communications Inc. and its US affiliate for US$27.3 million. OZ Communications is a Montreal-based company specializing in mobile phone instant messaging.

VantagePoint Venture Partners was represented by in-house counsel Rodi Guidero, together with Graham Gow, Ian Palm, Ian Michael, Matthieu Rheault, Lara Nathans (corporate finance and M&A), Jim Morand (tax) and Michael Smith (US Securities) of McCarthy Tétrault.

OZ and its founders were represented by Osler, Hoskin & Harcourt, who acted as Canadian counsel with a team that included Shahir Guindi, Iain Scott, Sylvie Bordet, Frédéric Dionne, and Karen Shaw (corporate) and Mark Brender and Alain Fournier (tax) in Montreal; and by Testa, Hurwitz & Thibeault, who provided US advice with a team that included George Davitt, Jennifer Cooney and Joe Ramadei (corporate) and William Corcoran (tax).