Kevin Ackhurst heads our Canadian competition law team. For more than 20 years, he has advised Canadian and international clients on all aspects of Canada’s competition and foreign investment laws. His practice involves analyzing the competitive implications of mergers & acquisitions, joint ventures and strategic alliances, providing advice concerning civil and criminal competition law matters, and designing and implementing competition law compliance programs. He also advises on the review of foreign investments under the net benefit and national security provisions of the Investment Canada Act. In 2002–2003, Kevin was seconded to the International Affairs Division of the Canadian Competition Bureau, where one of his primary responsibilities was supporting the chair of the International Competition Network steering group. Kevin has chaired both the Mergers Committee and the Foreign Investment Review Committee of the Canadian Bar Association’s National Competition Law Section. He contributes competition- and regulatory-related items to Norton Rose Fulbright’s Canadian M&A blog Deal Law Wire, and comments frequently on competition and foreign investment matters on Twitter @CanadaAntitrust.
Morgan Stanley completed the acquisition of Solium Capital Inc., a leading global provider of software-as-a-service for equity administration, financial reporting and compliance, headquartered in Calgary, for $1.1 billion.
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.
Postmedia Network Inc. (Postmedia) completed the acquisition of Sun Media Corporation’s (Sun Media) English language newspapers and speciality publications, as well as digital properties including the Sun chain of dailies, consisting of The Toronto Sun, The Ottawa Sun, The Winnipeg Sun, The Calgary Sun and The Edmonton Sun, as well as The London Free Press and the free 24 Hours dailies in Toronto and Vancouver, from Quebecor Media Inc. (the Sun Media Acquisition).
City Centre Terminal Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc. (PAHI), completed the sale of substantially all of its assets, including the passenger terminal at Billy Bishop Toronto City Airport (BBTCA), to Nieuport Aviation Infrastructure Partners GP (Nieuport), a consortium of Canadian and international infrastructure equity investors.