199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1991 (ON)
Joel Binder is a partner in the Corporate Finance, Securities and Mergers & Acquisitions Groups. He has a broad corporate/securities practice with significant experience in corporate finance, public and private mergers and acquisitions and private equity. Ranked by leading legal publications in a number of practice areas, he frequently represents public issuers, boards of directors and investment dealers in connection with public offerings, private placements, takeover bids, business combinations and governance and securities compliance matters. Joel is often specifically retained for his expertise in investment funds. In addition, he advises private equity funds and private companies on M&A and general corporate matters. Joel is a past director and audit committee member of two public companies. He is currently a member of the TSX Advisory Committee and the firm’s Associates Committee and formerly served on the Management Committee in the Toronto office.
On April 13, 2018, CCL Industries Inc., a world leader in specialty label, security and packaging solutions, completed its inaugural Canadian offering of $300-million aggregate principal amount of 3.864-per-cent Notes due 2028.
On July 6, 2017, CCL Industries Inc. (CCL) completed its secondary offering of five million Class B non-voting shares (the Offered Shares), at a price of $66.65 per Offered Share for aggregate gross proceeds of $333,250,000 (the Offering).
On December 16, 2016, Emera Incorporated (“Emera”) completed a bought deal offering of 6,630,000 common shares at $45.25 per common share (the “Offering Price”) for aggregate gross proceeds of approximately $300 million.
On December 12, 2016, Fortis Inc. (“Fortis”) completed its offering of $500-million aggregate principal amount of 2.85 per cent senior unsecured notes due December 12, 2023.
On November 27, 2016, Cara Operations Limited (“Cara”), Canada’s oldest and largest full-service restaurant company, completed its acquisition of a majority ownership interest in Original Joe’s Franchise Group Inc. (“Original Joe’s”) for $93 million.
On September 2, 2016, Cara Operations Limited (“Cara”), Canada’s oldest and largest full-service restaurant company, completed its acquisition of Groupe St-Hubert Inc. (“St-Hubert”), Québec's leading full-service restaurant operator as well as fully-integrated food manufacturer, for $537 million.
On September 28, 2015, Emera Incorporated (Emera) completed the offering of an aggregate $1.9 billion of 4.00 per cent Convertible Unsecured Subordinated Debentures represented by Instalment Receipts on a bought deal basis.
On October 8, 2015, TorQuest Partners, through a wholly owned acquisition vehicle, successfully acquired from Sentinel Capital Partners, together with the other shareholders of Spinrite Acquisition Corp. (Spinrite), all of the outstanding shares of Spinrite, following the completion of a reorganization of Spinrite.
On December 1, 2014, North American Financials Capital Securities Trust (the “Fund”) completed the extension of its term of an additional five years to November 30, 2019. As part of the extension, the Fund’s forward purchase and sale agreement was terminated, resulting in the Fund holding its portfolio directly.
Fortis Inc. acquired all of the outstanding shares of UNS Energy Corporation for an aggregate purchase price of approximately US$4.5 billion, including the assumption of approximately US$2 billion of debt. The acquisition was financed by a US$2-billion non-revolving acquisition term credit facilities and a US$1.8 billion offering of convertible subordinated debentures represented by instalment receipts. The offering consisted of a bought deal public offering of approximately US$1.6 billion and a concurrent private placement of approximately US$200 million.
Goldman Sachs U.S. Income Builder Trust completed an initial public offering of Class A units at $10 per unit and Class U units at US$10 per unit for proceeds of approximately $87 million. Additional Class A units were issued on July 15, 2014, pursuant to the exercise of the over-allotment option, for additional gross proceeds of $1.56 million.
On June 15, 2011, Fortis Inc. (Fortis) completed a public offering of 10,340,000 common shares (the “Common Shares”) for gross proceeds of $341,220,000, which included the subsequent issuance of 1,240,000 common shares upon the exercise of the over-allotment option under the offering.
On March 15, 2007 Fortis Inc. completed a public offering of 44,275,000 subscription receipts at a price of $26 each for gross proceeds of $1,151,150,000.
On February 13, 2007, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. through their indirect wholly owned subsidiary HCP Acquisition Inc. (together, Harbinger) acquired all of the outstanding trust units of Calpine Power Income Fund (the fund) it did not already own at a price of $13.00 per trust unit for total consideration of approximately $760 million.
On January 29, 2004, Fortis Inc. completed a public offering of eight million first preference units, each consisting of one series D first preference share and one series E first preference share purchase warrant, at $6.25 per unit, for gross proceeds of $50 million.
