79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 2001 (ON); 2013 (AB)
One of Canada’s leading pensions lawyers, Mitch serves as longstanding advisor to some of Canada’s largest corporations on their pensions, benefits and employment matters, also providing strategic guidance in these areas on business-critical transactions. Mitch is the chair of Torys’ Pensions and Employment Practice and is widely recognized as a leading authority in pension law in Canada. He has served as an expert witness before provincial and federal legislative committees and is frequently consulted by pension regulators on best practices. Mitch’s practice focuses on all aspects of pensions, benefits and employment, advising many of Canada’s top corporations and pension funds on their pensions, benefits and employment matters. Clients also regularly seek Mitch's advice in the context of M&A transactions. Mitch serves as the Chancellor of the Ontario Tech University.
Roots Canada Ltd. (Roots) completed the sale of a majority stake in Roots to Searchlight Capital Partners, L.P. (Searchlight), with the co-founders Michael Budman and Don Green retaining a significant equity ownership. This investment will support the brand’s next phase of growth. The terms of the agreement were undisclosed.
On July 2, 2015, Alamos Gold Inc. (Alamos) and AuRico Metals Inc. (AuRico Metals) completed a previously announced arrangement in which Alamos Gold Inc., a predecessor to Alamos (Former Alamos), and AuRico Gold Inc., a predecessor to Alamos (Former AuRico), amalgamated to form Alamos, a leading intermediate gold producer. As part of the arrangement certain assets of Former AuRico, including the Kemess project, certain royalties and cash, were transferred to AuRico Metals, AuRico Metals was listed on the TSX and the AuRico Metals shares were distributed to the shareholders of Alamos.
Revera Inc. and Health Care REIT, Inc. (HCN) have completed a transaction resulting in shared ownership of an additional 23 Canadian seniors living residences previously owned by Revera. As a result of the transaction, Health Care REIT owns a 75 per cent interest in the approximately US$634 million portfolio and Revera owns the remaining 25 per cent in Manitoba. Revera continues to manage these residences, earning fees through an incentive-based management contract. The 23 seniors living residences comprising the portfolio have approximately 2,900 suites and are located primarily in major Canadian markets in Ontario, Alberta. The HCN-Revera joint venture now owns a total of 70 seniors living residences across Canada with an aggregate 7,900 suites
On March 6, 2015, Morgan Stanley Infrastructure Partners, LP, a subsidiary of Morgan Stanley Infrastructure, announced that it had sold Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure and comprised of Fiera Axium Infrastructure Canada II L.P., Desjardins Group, via its insurance subsidiaries and its Pension Plan, Manulife, Fonds de solidarité FTQ and Industrial Alliance.
Reliance Comfort Limited Partnership (Reliance) closed its purchase of National Energy Corporation, which operates under the name National Home Services (NHS), its water heater and HVAC home services business, from Just Energy Ontario Group Inc. for $505 million (US$462.369 million).
EnerCare Inc. and EnerCare Solutions Inc. announced on July 24, 2014, that they entered into a definitive asset purchase agreement with Direct Energy Marketing Limited, a wholly owned subsidiary of Centrica plc, to purchase Direct Energy's Ontario home and small commercial services (OHCS) business for a purchase price of $550 million.
The ADT Corp. acquired Reliance Protectron Inc. from Reliance Comfort Limited Partnership, a portfolio company of investment funds managed by Alinda Capital Partners, for an all-cash deal worth $555 million.