199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 1992 (ON)
Elizabeth is involved in all aspects of the taxation, design, implementation, administration, and termination of pension, other employee benefit, stock option, share purchase, profit sharing, and executive compensation arrangements, including compliance with tax, pension investment, and other regulatory requirements. She works with plan sponsors and administrators in the private and public sectors, as well as financial institutions and various consulting firms. She advises on pension, other benefit, and equity and deferred compensation aspects of corporate transactions, and also advises plan sponsors and litigation counsel in connection with class actions and other litigation matters involving pension and benefit plans. Elizabeth has experience advising sponsors and administrators of both federally and provincially regulated defined benefit and defined contribution pension plans for unionized and non-unionized employees on a wide range of matters, including regulatory compliance, employee communications, pension fund investments, business sales, asset transfers, and plan wind-ups. She also works regularly with employers on their supplementary executive pension arrangements, group savings plans, and flexible benefits plans.
In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.
On May 31, 2016, TELUS Corporation (TELUS) completed a previously-announced transaction whereby Baring Private Equity Asia (Baring Asia) acquired a 35-per cent equity stake in TELUS International (Cda) Inc. (TELUS International).
Spin Master Corp. (Spin Master), a leading global children’s entertainment company that creates, designs, manufactures and markets a diversified portfolio of innovative toys, games, products and entertainment properties, completed its initial public offering of subordinate voting shares at a price of $18.00 per share, for total aggregate gross proceeds of approximately $253 million.
Johnson Electric Holdings Limited, a global leader in electric motors and motion subsystems, announced on October 27, 2015, that it had completed the acquisition of Stackpole International, a leading supplier of engine and transmission pumps and powder metal components, primarily for automotive applications.
Ashland Inc. successfully completed the divestment of its global Ashland Water Technologies (AWT) business unit to a fund managed by private investment firm Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Net proceeds from the sale totaled approximately US$1.4 billion, which will be used to return capital to shareholders in the form of share repurchases.