199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2001 (ON)
Stewart Sutcliffe is Head of the Private Equity and Private Mergers & Acquisitions Groups in the Toronto office. Stewart has a diversified corporate practice, focusing on domestic and cross border private and public mergers and acquisitions and private equity investments, including PIPE transactions. Stewart is former Chair of the Law Clerks Committee. He is a member of the Canadian Bar Association. Stewart practiced in the firm’s London office for five years, where he had responsibility for M&A transactions across a wide range of jurisdictions and industries. He is recognized by Chambers Canada 2021 as a leading lawyer in Private Equity: Buyouts, International Financial Law Review’s IFLR1000: The Guide to the World’s Leading Financial Law Firms 2021 as a Notable Practitioner in Private Equity, and Mergers & Acquisitions and The Best Lawyers in Canada 2021 in Leveraged Buyouts and Private Equity, and Securities.
On July 17, 2017, Norgine B.V., a European specialist pharmaceutical company, acquired all issued and outstanding shares of Merus Labs International Inc. (Merus), pursuant to a plan of arrangement for $1.65 per common share in cash, including the assumption of all debt obligations, for a total enterprise value of approximately $342 million.
On December 14, 2016, Sotawall Inc. (“Sotawall”) completed the sale of substantially all of its assets to a wholly owned subsidiary of Apogee Enterprises, Inc. (“Apogee”), a leader in technologies involving the design and development of value-added glass products and services, for approximately US$135 million
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).
On December 17, 2015, subsidiaries of Waterton Precious Metals Fund II Cayman, LP completed the acquisition of Barrick Gold Corporation's 70 per cent interest in the Spring Valley project and 100 per cent of the Ruby Hill mine for a total of $110 million in cash.
Ashland Inc. successfully completed the divestment of its global Ashland Water Technologies (AWT) business unit to a fund managed by private investment firm Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Net proceeds from the sale totaled approximately US$1.4 billion, which will be used to return capital to shareholders in the form of share repurchases.