199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2008 (ON)
Mike Devereux is a partner in the Capital Markets and Mergers & Acquisitions Groups. His practice focuses on securities and corporate law, with an emphasis on public and private mergers & acquisitions, shareholder activism, private equity transactions, strategic transactions such as joint ventures, partnerships and significant investments, and corporate finance transactions. Mike has advised issuers, boards of directors, special committees, management teams, private equity sponsors, hedge funds, financial advisors and other transaction participants in a wide range of M&A transactions, both public and private, as well as issuers and securities dealers in numerous corporate finance transactions. He also regularly advises clients on corporate governance and securities law compliance matters, shareholder activism and takeover preparedness. Mike is a member of the Law Society of Ontario and the Canadian Bar Association. Mike completed a secondment in Stikeman Elliott’s Sydney, Australia office, where he advised clients on international corporate finance and M&A transactions.
On Apr. 8, Maxar Technologies (NYSE:MAXR; TSX:MAXR) sold MDA, its Canadian space and defense unit and Canada’s largest space technology developer and manufacturer, to a consortium of financial sponsors led by Toronto-based investment firm Northern Private Capital (NPC), for $1 billion financed with a combination of equity and debt
On October 1, 2015, Stericycle, Inc. completed its US$2.3 billion acquisition of Shred-it International, the global leader in secure information destruction services. The transaction was financed by Stericycle through a combination of senior unsecured debt consisting of a term loan credit facility, private placement notes and a public offering of mandatory convertible preferred stock represented by depositary shares. The term loan credit facility was provided by Bank of America Merrill Lynch, Goldman Sachs & Co, JPMorgan Chase, HSBC and other lenders. The mandatory convertible preferred stock offering was underwritten by Bank of America Merrill Lynch, Goldman, Sachs & Co, and J.P. Morgan.
Centerra Gold Inc. (Centerra) and Premier Gold Mines Limited (Premier) entered into a 50/50 limited partnership for the joint exploration and development of Premier’s Trans-Canada Property in Northern Ontario. Under the terms of the joint venture agreements, Centerra will contribute up to $300 million in cash to the limited partnership in consideration for its 50 per cent interest in the limited partnership, while Premier will contribute all property, assets and rights it holds in respect of the Trans-Canada Property to the limited partnership in consideration for its 50 per cent interest in the limited partnership.
On March 31, 2015, Norbord Inc. (Norbord) and Ainsworth Lumber Co. Ltd. (Ainsworth) completed their previously announced merger. The merger will create a leading global wood products company focused on oriented strand board across North America, Europe and Asia.
A wholly owned subsidiary of Amaya Gaming Group Inc. completed its acquisition of 100 per cent of the issued and outstanding shares of privately held Oldford Group Limited, the parent company of Isle of Man-headquartered Rational Group Ltd., the owner and operator of the PokerStars and Full Tilt Poker brands, in an all-cash transaction for an aggregate purchase price of US$4.9 billion, including certain deferred payments and subject to customary purchase price adjustments.