333 Bay St, Suite 2400, Bay Adelaide Ctr, Box 20, Toronto, ON
Year called to bar: 1975 (ON)
Jon Levin has an unmatched reputation for providing top-level advice. An advocate of exemplary client service, Jon has acted as lead counsel in high profile financings, takeovers and restructuring transactions. In the corporate governance area, Jon has advised special committees and has provided strategic guidance on board procedures and the implementation of governance polices in response to new legislation and developments. Jon has served as a director of a number of public and private companies, and has served as an advisory panel member to equity investment funds. He was a member of the board of directors and audit committee of the Canadian Institute of Chartered Accountants and served as a member of the board of Chartered Professional Accountants of Canada. He has been retained by numerous financial institutions and other clients as an expert witness in relation to certain legal and banking practices.
Specialty Foods Group Income Fund, an Ontario income trust, went public in 2003 at $10 per unit. The establishment of the income fund resulted in a complex cross-border capital structure of the Specialty Food Group of companies that was adopted for tax and other reasons. The capital structure of these companies became even more complex in 2006 when the balance sheets and ownership of certain companies in the group had to be restructured in order to address financial difficulties. That restructuring failed to produce a viable ongoing income fund such that, when the units were ultimately cease-traded in 2009, they were trading at a price of approximately a half cent per unit.
On July 2, 2015, Data & Audio-Visual Enterprises Wireless Inc., operating as “Mobilicity”, was acquired by an affiliate of Rogers Communications Inc. in a transaction valued at $465 million. Mobilicity, a Canadian wireless telecommunications carrier, commenced creditor protection proceedings under the Companies’ Creditors Arrangement Act in September 2013. The transaction offered significant value to Mobilicity’s creditors and allowed Mobilicity to emerge from creditor protection as a going concern. The transaction ensures certainty of service for Mobilicity customers on the Rogers network and also results in Rogers gaining significant spectrum capacity in new markets which provides faster speeds and better quality for all Rogers customers. The transaction was subject to government and court approvals and was completed on July 2, 2015.