Ecosynthetix Completes $100M IPO

EcoSynthetix Inc. completed its initial public offering of 11,150,000 common shares of EcoSynthetix at a price of $9 per share for aggregate gross proceeds of $100,350,000. Concurrently with the Offering, EcoSynthetix completed the acquisi-tion of EcoSynthetix Ltd., a Michigan company, from certain of the existing holders in exchange for common shares of EcoSynthetix.

EcoSynthetix (TSX: ECO) is a renewable chemicals company specializing in bio-based products that can be used as in-puts in industrial manufacturing for a wide range of consumer products. The products offer a reduced carbon footprint and are marketed primarily on the basis of lower cost, stable pricing and equal or superior performance.

The offering was underwritten by a syndicate of underwriters co-led by UBS Securities Canada Inc., Canaccord Genuity Corp. and RBC Capital Markets and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., GMP Securities L.P. and Piper Jaffray & Co.

Cassels Brock & Blackwell LLP represented EcoSynthetix with a team that included John Vettese, Alex Iliopoulos, Philip Long, Jennifer Hansen and Adria Leung (securities); Peter Bouzalas, Sabrina Fiorellino and Jamie Firsten (business law); Ken Snider, Chris Norton, Paul Carenza and Anna Malazhavaya (corporate tax) and Stephen Selznick (IP).

Osler, Hoskin & Harcourt LLP represented the underwriters with a team that included Jeremy Fraiberg, Desmond Lee, Jason Comerford, David Vernon and Tim Watson (corporate & securities); Kim Wharram, Paul Seraganian, Kevin Colan and Ina Eroff (tax) and Jonathan Cutler (IP).


Kimberly J. Wharram Stephen I. Selznick Jamie Firsten Alexandra (Alex) Iliopoulos Jason Comerford Kevin Colan Philip Long Jonathan D. Cutler Adria Leung Paul Seraganian Peter Bouzalas Timothy J. Watson Anna Malazhavaya Sabrina Fiorellino David Vernon Christopher B. Norton Jen Hansen Kenneth J. Snider Paul S. Carenza