333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 1989 (ON)
Partner, Executive Committee Member, Head of Goodmans’ Capital Markets Practice. Widely recognised as one of Canada’s leading lawyers and recently honoured as the first ever recipient of Canada’s Capital Markets Lawyer of the Year award by IFLR1000 Canada, Stephen has played a key role in developing Canada’s capital markets, including IPOs, M&A, REITs, SPACs and complex cross-border transactions. Founding Chairman and a Director of the Canada Africa Chamber of Business, member of the Canadian General Counsel Awards Advisory Board, and member of the Corporate and Securities Advisory Board of Practical Law – Canada. Has an MBA/LLB (Gold Medalist) and an ICD.D.
Goodmans LLP represented Mercer Park Brand Acquisition Corp. (“BRND”) in connection with its initial public offering of US$402,500,000 of Class A Restricted Voting Units (including US$52,500,000 of Class A Restricted Voting Units issued on the exercise in full of the over-allotment option).
Canaccord Genuity Acquisition Corp. (TSX: CGAC.UN, CGAC.WT) (CGAC), a special purpose acquisition corporation, completed its qualifying acquisition and merged with Spark Power Corp. (Spark Power). CGAC was renamed Spark Power Group Inc. (the Company). The qualifying acquisition had no redemptions.
Minto Apartment Real Estate Investment Trust (the REIT) (TSX: MI.UN) completed its initial public offering of 15,863,100 trust units at a price of $14.50 per unit (the Offering). The Offering raised gross proceeds of $230,014,950, including through exercise of the underwriters’ over-allotment option in full which option exercise was completed July 10. The units trade on the Toronto Stock Exchange under the symbol MI.UN.
Gibraltar Growth Corp. (TSX: GBG.A, GBG.WT) (Gibraltar Growth), a special purpose acquisition corporation (SPAC), completed its qualifying acquisition of 100 per cent of all the issued and outstanding shares of Montréal-based LXR Produits de Luxe Internationale Inc. (LXR) for an aggregate purchase price of $82.5 million.
Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) (“Milestone” or “the REIT”) completed its going private transaction whereby an affiliate of Starwood Capital Group (“Starwood”) acquired all of Milestone’s subsidiaries and assets for approximately US$2.9 billion.
Kew Media Group Inc. (TSX: KEW) (Kew), a special purpose acquisition corporation (SPAC), created one of the world’s most significant independent content platforms by directly acquiring six companies - Content Media Corporation plc, Architect Films Inc., Bristow Global Media Inc., Frantic Films Corporation, Media Headquarters Film & Television Inc. and Our House Media Inc. – and indirectly acquiring control of Aito Media Oy, Campfire Film & Television LLC, Collins Avenue Productions LLC, Jigsaw Productions LLC and Spirit Digital Media Limited.
On January 3, 2017, Acasta Enterprises Inc. (“Acasta”) completed its $1.2-billion qualifying acquisition of Apollo Health & Beauty Care Partnership (“Apollo”) and JemPak Corporation (“JemPak”), two of North America’s leading private-label consumer staples businesses, and Stellwagen Group (“Stellwagen”), a best-in-class commercial aviation finance advisory and asset management business, based in Ireland and the United States. Concurrent with closing, Acasta completed ...
Milestone Apartments Real Estate Investment Trust completed a public offering of 9,591,000 subscription receipts, inclusive of 1,251,000 subscription receipts issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of C$15.00 per subscription receipt for gross proceeds of approximately C$143.9 million.
Acasta Enterprises Inc. completed the Corporation’s $350 million initial public offering of Class A Restricted Voting Units on July 30, 2015. On August 5, 2015, the underwriters exercised their over-allotment option in full for additional gross proceeds of $52.5 million.
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
NorthWest Healthcare Properties Real Estate Investment Trust (NWH) and NorthWest International Healthcare Properties Real Estate Investment Trust (NWI) completed a plan of arrangement under the Business Corporations Act (Alberta) in which NWI and NWH combined to create a leading global diversified healthcare real estate investment trust with over $2 billion of assets.
Canadian Pacific and Dream Unlimited Corp. completed the formation of a joint venture, called Dream Van Horne Properties (DREAM VHP), which was created to generate long-term shareholder value from CP’s surplus real estate.
HealthLease Properties Real Estate Investment Trust (HealthLease) was acquired by Health Care REIT, Inc. (HCN) for $14.20 (US$13.01) per unit in cash, representing an aggregate transaction value of approximately $1 billion (US$950 million). HealthLease's portfolio consisted of 53 properties (14 in two Canadian provinces and 39 in eight US states) of seniors housing, post-acute care and long-term care facilities.