David advises on Canadian and cross-border securities transactions with a focus on capital markets and is known for his practical and innovative solutions. He has extensive experience representing public and private companies, investment banks, and institutional investors on a broad range of transactions both in and outside Canada. These transactions include debt and equity offerings (public and private), restructurings, and liability-management transactions (such as debt tenders and exchange offers), PIPEs and other private investments, negotiated merger transactions, and hostile and supported takeover bids. He is also a key contributor in shaping Canadian capital markets regulation, through his frequent commentary to Canadian securities regulators and as counsel to the investment banking committee of the Investment Industry Association of Canada. David’s vast experience advising on offerings from both Canadian and US perspectives allows him to effectively bridge differences in securities law and practice between Canada and the United States. David joined Davies as a partner in 2006 after eight years practising US securities laws at Shearman & Sterling LLP. He is admitted to both the Ontario and New York Bars. Select Recognition: Chambers Global; The Legal 500 Canada; IFLR1000.
TransAlta Corporation, a TSX- and NYSE-listed Calgary-based power generator and electricity marketer, completed the first tranche of a $750-million strategic investment by an affiliate of Brookfield Renewable Partners
On October 27, 2017, Toromont Industries Ltd. (Toromont) completed the largest acquisition in its history — a $1.07-billion purchase of the businesses and net operating assets of the Hewitt Group of companies (Hewitt) in exchange for cash and shares of Toromont. This was a transformative transaction for Toromont, significantly expanding its Caterpillar dealership network and market opportunities.
On July 6, 2015, Kraft Canada Inc., a subsidiary of The Kraft Heinz Company, closed its private placement of $1.0 billion aggregate principal amount of senior notes. The senior notes consisted of $300 million aggregate principal amount of 2.7 per cent Senior Notes due 2020, $200 million aggregate principal amount of Floating Rate Senior Notes due 2018 and $500 million aggregate principal amount of Floating Rate Senior Notes due 2020.
In Canada’s largest M&A transaction of 2014, US-based Burger King Worldwide Inc. acquired Tim Hortons Inc. in a $12.5-billion deal that created a global powerhouse quick service restaurant company based in Canada. Combined, the company now has more than 18,000 restaurants in 100 countries.