66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1991 (ON)
Partner in the firm’s Business Law Group in Toronto office with a focus on M&A transactions. Recently represented: Wells Fargo on the sale of its direct leasing business to TD Bank (pending); Centrica on the sale of Direct Energy to NRG; Cineworld Group plc on its proposed acquisition of Cineplex; Metso Corporation on its acquisition of McCloskey International; CIBC on its credit card loyalty program with Air Canada and participation in the consortium for the purchase of Aimia Canada; the Special Committee of Loblaw Companies in connection with the spin-out of its interest in Choice Properties REIT; and NextEra on the sale of a portfolio of renewable energy assets to CPPIB. Extensive corporate finance experience, having acted for issuers and investment dealers in a wide variety of cross-border and domestic public offerings and private placements. Listed in Chambers Global for expertise in Corporate/M&A; The Best Lawyers in Canada in the areas of corporate, M&A, and securities law; International Financial Law Review for expertise in M&A; International Who’s Who Legal as a leading expert in M&A; and The Canadian Legal Lexpert® Directory for expertise in M&A, private equity, and corporate finance. Admitted to the Ontario Bar in 1991. Also serves as the firm’s General Counsel.
On December 15th, 2019, Cineplex Inc. signed an arrangement agreement with Cineworld Group, plc, pursuant to which Cineworld Group will acquire Cineplex shares for C$34 per share for a total transaction value of approximately C$2.8 billion.
On January 10, 2019, a consortium consisting of Air Canada, Toronto-Dominion Bank (“TD”), Canadian Imperial Bank of Commerce (“CIBC”) and Visa Canada Corp. (“Visa”) announced the successful closing of its purchase of Aimia Canada Inc., owner and operator of the Aeroplan Loyalty Business, from Aimia Inc.
On June 22, 2018, Axium Infrastructure (Axium) and Manulife Financial Corporation (Manulife), through a special-purpose acquisition vehicle Northwestern Hydro Acquisition Co Inc., completed their acquisition of a 35% indirect equity interest in the Northwest British Columbia Hydroelectric Facilities (the Facilities) from AltaGas Ltd. (AltaGas).
As part of the continuing transformation of its business since its spin-off from Element Financial, Steve Hudson’s ECN Capital Corp. [TSX: ECN] completed the acquisition of Triad Financial Services in December 2017 and sold its Canadian commercial and vendor finance business to Canadian Western Bank in January 2018.
On December 20, 2017, Axium Infrastructure Inc. (Axium), through a special-purpose acquisition vehicle Axium Infinity Solar LP, and TransCanada Energy Ltd. (TransCanada) completed its acquisition of TransCanada’s Ontario solar portfolio, consisting of eight facilities with a total generating capacity of 105 MW (DC). All eight facilities operate under 20-year power purchase agreements with the Independent Electricity System Operator. The aggregate purchase price was approximately $540 million.
On January 26, 2017, Aritzia Inc. (“Aritzia” or the “Company”) completed its secondary offering of 20,100,000 subordinate voting shares (the “Shares”) for a price of $17.45 per share (the “Offering Price”) for aggregate gross proceeds of $350,745,000 (the “Offering”).
On February 19, 2016, Shaw Communications completed an offering of $300 million aggregate principal amount of senior notes. The senior notes were made available in Canada under Shaw’s previously filed short form base shelf prospectus.
On April 10, 2015, Cara Operations Ltd., Canada’s largest full service restaurant company, completed its $200 million initial public offering. Cara sold 8.7 million subordinate voting shares for $23 each and now trades on the Toronto Stock Exchange under the symbol CAO.
EnerCare Inc. and EnerCare Solutions Inc. announced on July 24, 2014, that they entered into a definitive asset purchase agreement with Direct Energy Marketing Limited, a wholly owned subsidiary of Centrica plc, to purchase Direct Energy's Ontario home and small commercial services (OHCS) business for a purchase price of $550 million.