199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1991 (ON)
Joel Binder is a partner in the Corporate Group with a broad corporate/securities practice. Joel is widely recognized as one of Canada’s leading corporate lawyers and has been ranked in the areas of M&A, private equity, capital markets and securities, and corporate law by The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, The Canadian Legal Lexpert Directory, Lexpert Special Edition: Finance and M&A, International Financial Law Review’s IFLR1000 and The Best Lawyers in Canada. Joel has over 30 years’ experience in public and private mergers and acquisitions, private equity, corporate finance, and other complex corporate transactions. On the public side, he frequently represents public issuers, boards of directors, special committees, and investment dealers in connection with takeover bids, business combinations, public offerings, private placements, and governance and securities compliance matters. On the private side, Joel advises private equity and strategic buyers and sellers, and counsels’ large family-owned businesses. Joel has been a director and audit committee member of two public companies, a past member of the TSX Advisory 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 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 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.