Éric Lévesque is a partner and member of the Tax
Group. He provides tax and legal advice on Canadian and cross-border mergers & acquisitions. An important part of his practice also involves advising Canadian pension funds on their various investments, and he has worked closely on the tax aspects of setting up various investment funds.
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.