199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1997 (ON)
Mark McElheran is a partner in the Financial Products & Services, Capital Markets and Securities Groups. Mark has a broad corporate finance practice that includes public and private securitization, structured finance, banking, secured financing, and derivative products transactions. He represents a broad range of market participants, including domestic and foreign banks, investment dealers, sellers, issuers, and investors. He has frequently spoken on a wide range of topics at industry conferences on asset securitization, credit derivatives and CDOs, secured lending and financing, and personal property security laws. He is recognized as a leading practitioner in The Canadian Legal Lexpert® Directory, The Best Lawyers in Canada, The Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada, and The Legal Media Group Guide to the World’s Leading Structured Finance and Securitization Lawyers.
MiddleGround Capital (“MiddleGround”), a newly formed private equity firm that makes control investments in business-to-business (“B2B”) industrial and specialty distribution companies in the North American lower middle market, announced the closure of its second transaction in its inaugural private equity fund: the acquisition of Peterson Spring (“Peterson” or the “Company”), a leading specialty spring manufacturer with thirteen facilities throughout North America and the United Kingdom.
On August 15, 2018, New Water Capital L.P. (New Water), a Boca Raton-based private equity firm focused on lower-middle market companies, completed its acquisition of Trillium Health Care Products (THC), a premier contract manufacturer of category-leading OTC products for some of the world’s top pharmaceutical companies.
On October 12, 2016, MBARC Credit Canada Inc. (“MBARC”), an indirect wholly owned subsidiary of Daimler AG and a direct wholly owned subsidiary of Mercedes-Benz Financial Services Canada Corporation (“MBFSC”), completed an offering of $507,000,000 of asset-backed notes collateralized by a pool of over 15,000 Canadian retail auto lease contracts and the related new and used vehicles. MBFSC, the Canadian financial services provider for the Daimler group, will service the 2016-A portfolio.
On March 31, 2017, J.C. Flowers & Co. LLC (“J.C. Flowers”) and Värde Partners completed the acquisition of CitiFinancial Canada (now Fairstone Financial Inc. (“Fairstone”)) from an affiliate of Citigroup Inc. (“Citi”).
On June 24, 2015, MBARC Credit Canada Inc. (MBARC), an indirect wholly owned subsidiary of Daimler AG and a direct wholly owned subsidiary of Mercedes-Benz Financial Services Canada Corporation (MBFSC), completed an offering of $424,200,000 of asset-backed notes collateralized by a pool of over 13,500 Canadian retail auto lease contracts and the related new and used vehicles.
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.
CARDS II Trust completed a sale of Series 2013-1 1.984 per cent Credit Card Receivables Backed Class A Notes in the amount of $1,000,000,000 (the “Class A Notes”) and Series 2013-1 2.784 per cent Credit Card Receivables Backed Class B Notes in the amount of $69,591,000.
The Reynolds and Reynolds Company, which is listed on the NYSE, announced on August 4, 2000 that it has completed the sale of its Information Solutions Group, the company’s document outsourcing and customer relationship management business, to The Carlyle Group.