Stefan Fews is a partner in the Real Estate and Corporate Groups. His practice is focused on commercial real estate law, secured financing transactions and joint ventures. His practice includes the acquisition, disposition, financing, leasing and development of shopping centers, office towers, hotels and other major real estate assets. He regularly acts for institutional investors and developers in the negotiation and structuring of partnerships, corporations and other business entities established for the purposes of real estate transactions in Canada and internationally. He has acted for the dominant CMBS lender in Canada for over 15 years and has a particular expertise in Québec agricultural law.
Digital Colony, a global investment firm dedicated to strategic opportunities in digital infrastructure, announced the completion of their purchase of Cogeco Peer 1, a leading provider of colocation, network connectivity and managed services, from Cogeco Communications Inc. (TSX: CCA) for $720 million to create a standalone business under a new brand.
Blackstone Property Partners and Ivanhoé Cambridge Inc., a subsidiary of Caisse de dépôt et placement du Québec, completed their all-cash acquisition of Pure Industrial Real Estate Trust (PIRET) for $8.10 per unit in a transaction valued at $3.8 billion including debt. Affiliates of Blackstone Property Partners and Ivanhoé Cambridge Inc. acquired 62% and 38% of PIRET, respectively.
On September 1, 2017, adidas AG completed its divestiture of CCM Hockey to a newly formed affiliate of Birch Hill Equity Partners for US$110 million, subject to customary adjustments. CCM Hockey consists of its main operations in Montréal as well as operations in the US, Sweden, Norway and Finland.
On July 5, 2016, North American Lithium Inc. completed its acquisition of substantially all of the assets of a Lithium Project located in the municipality of La Corne, Québec, as well as certain other assets, from KSV Kofman Inc., in its capacity as court-appointed receiver of Québec Lithium Inc., RB Energy Inc. and Sirocco Mining Inc.
On September 2, 2016, Cara Operations Limited (“Cara”), Canada’s oldest and largest full-service restaurant company, completed its acquisition of Groupe St-Hubert Inc. (“St-Hubert”), Québec's leading full-service restaurant operator as well as fully-integrated food manufacturer, for $537 million.
On February 1, 2016, TreeHouse Foods, Inc. (TreeHouse) (NYSE: THS) completed its US$2.7 billion acquisition of ConAgra Foods’ (ConAgra) (NYSE: CAG) private brands operations, which was initially announced on November 2, 2015.
On March 1, 2016, GFL Environmental Inc. (GFL), by its wholly owned subsidiary Services Matrec Inc., completed the acquisition of Enviro-Viridis Development Corporation Inc. (Enviro-Viridis) for an undisclosed amount.
On February 1, 2016, GFL Environmental Inc. (GFL) completed the acquisition of the Matrec solid waste division from TransForce Inc. (TSX: TFI, OTCQX: TFIFF) for $800 million. The acquisition was funded in part by the private offering of US$300 million in aggregate principal amount of senior unsecured notes due 2021 (the Note Offering) through a syndicate of broker dealers led by Credit Suisse, BMO Capital Markets and Barclays and including Scotiabank, CIBC Capital Markets, Comerica Securities, National Bank of Canada Financial Markets and Raymond James (the Dealers).
On September 1, 2015, Acuity Brands, Inc. (Acuity), through its wholly-owned subsidiary Acuity Brands Lighting, Inc. completed the acquisition of Distech Controls Inc. (Distech), a leading provider of building automation and energy management solutions. All of the outstanding capital stock of Distech was acquired for approximately $318 million.
On February 27, 2015, Calgary-based Newalta Corporation (Newalta) completed the sale of its Industrial Division to Revolution Acquisition LP (Revolution), a subsidiary of Toronto-based Birch Hill Equity Partners Management Inc. (Birch Hill), for cash proceeds of $300 million. The Industrial Division is comprised of several business streams including major facilities and assets located across Canada. The sale creates a new stand-alone company, Terrapure Environmental, which has its headquarters in Burlington, Ontario.
The current owners of Canada's largest off-airport and only national car park company, Park'N Fly, completed the sale of their parking business assets, including all real estate used in connection with the business located in Montreal; Ottawa; Toronto; Edmonton and Vancouver, along with goodwill and other operating assets, to a joint venture led by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited, both companies whose shares are traded on the stock exchange of Hong Kong, each owning a 50 per cent interest.