Sidney Horn is a senior counsel in the Corporate Group, specializing in commercial, corporate, and securities law, advising large domestic and international corporations on complex questions concerning finance, mergers & acquisitions, and corporate governance. Sidney has developed an expertise in complex transactions requiring creative solutions. He represents private equity firms in their investments in private and public corporations, as well as corporations and independent directors in transactions such as going-private transactions, related-party transactions, and insider bids.
On May 1, 2018, Transcontinental Inc. (TSX: TCL.A), a leader in flexible packaging in North America and Canada’s largest printer, completed the transformational acquisition of the business of Coveris Americas, a leading flexible packaging business based in Chicago, Illinois, for a purchase price of approximately $1.72 billion, subject to customary purchase price adjustments.
On January 5, 2018, BCE Inc. (Bell) completed its acquisition of all of the approximately 11.4 million common shares of AlarmForce Industries Inc. (AlarmForce) for a total aggregate consideration of approximately $182 million The Acquisition is part of Bell’s Connected Home strategy.
A group of investors led by the Dutil family (the Family Group) and composed of American Industrial Partners (AIP), Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ (FSTQ and, collectively with the Family Group and CDPQ, the Rollover Shareholders) successfully completed the acquisition of Canam Group Inc. (Canam), a corporation involved in the design, manufacture and sale of construction products and services for the commercial, industrial, institutional, multi-residential and infrastructure construction industries, for approximately $875 million, including the assumption of existing indebtedness.
On May 31, 2016, TELUS Corporation (TELUS) completed a previously-announced transaction whereby Baring Private Equity Asia (Baring Asia) acquired a 35-per cent equity stake in TELUS International (Cda) Inc. (TELUS International).
A Consortium composed of Placements CMI Inc. (CMI), a holding company controlled by Manac Inc.’s founder Mr. Marcel Dutil, and four Québec-based institutions, namely Caisse de dépôt et placement du Québec (CDPQ), Fonds de solidarité FTQ (FSTQ), Investissement Québec (IQ) and Fonds Manufacturier Québécois II s.e.c., successfully completed the acquisition of Manac Inc. (Manac), a North American leader in the design and manufacture of specialty trailers, for approximately $186 million, including the assumption of existing net indebtedness.
Optimal Payments Plc completed the acquisition of all of the partnership interests of California-based payment processing entity TK Global Partners LP (doing business as Meritus Payment Solutions) for consideration of US$210 million.