199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 1990 (ON); 1992 (England & Wales)
David advises clients on all aspects of corporate and securities law, including public and private mergers & acquisitions, corporate finance, corporate governance, and shareholder activism matters. David recently completed a six-year term on the firm’s Executive Committee, having previously served on the firm’s Partner Compensation Committee, Finance Committee, and Legal Personnel Committee. He recently advised Element Fleet Management Corporation on its US$400 million senior unsecured investment-grade note offering, ECN Capital Corp. on its $75 million offering of senior unsecured hybrid debentures, and HLS Therapeutics Inc. on its going-public transaction by way of a plan of arrangement.
On March 12, 2018, HLS Therapeutics Inc. (HLS:TSXV) announced the completion of a reverse take-over of TSXV-listed Automodular Corp. to conclude HLS’s going-public transaction. The transaction was implemented by way of a Court-approved plan of arrangement under the OBCA.
On October 3, 2016, Element Financial Corporation completed a butterfly reorganization by way of plan of arrangement pursuant to which the business was split into two separate companies: Element Fleet Management Corp. and ECN Capital Corp.
On September 30, 2015, Element Financial Corporation (TSX: EFN) completed its US$8.6 billion acquisition of GE Capital’s fleet management operations in the United States, Australia, New Zealand and Mexico. Element had previously acquired the Canadian operations of GE Capital’s North American fleet management business in June of 2013. With the completion of the acquisition, Element’s total assets increased to approximately C$22 billion.
Element Financial Corporation acquired the assets and operations of PHH Arval, PHH Corporation's North American fleet management services business, for a purchase price of US$1.4 billion in cash. Element also assumed PHH's obligations under the PHH fleet securitization programs in the US and Canada.
Element Financial Corporation (TSX: EFN) completed its largest acquisition to date with the $570-million purchase of the assets comprising GE Canada's fleet leasing business. GE Canada's fleet vehicle portfolio consists of 650 regionally diversified customers and integrated fleet management services for vehicle and light and medium truck financings. As part of the acquisition, Element also entered into a strategic alliance agreement with GE Capital Fleet Services in the US pursuant to which the companies will collaborate primarily on the pursuit of Canadian/US cross-border fleet management opportunities.