Davies | Mario Cavalancia

Taxation

Representative Work

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Ordre des comptables agréés du Québec
CICA
Canadian Tax Foundation
International Fiscal Association
Association de planification fiscale et financière

Board member, UNICEF Canada
Fundraiser, UNICEF Québec

CA, Province of Québec, 1980
D.E.S., Public Accounting, 1978
McGill University, B.Comm., 1977

Mario Cavalancia is a partner in the Taxation practice and a chartered accountant. He has extensive experience in corporate reorganizations, domestic and cross-border mergers and acquisitions, public offerings, financings, international trusts, public and private partnerships and investment funds. Mario regularly advises clients in the public utilities (gas and electricity) and real estate sectors and in the food industry. He has particular expertise in income tax laws and regulations as they apply to investments by tax-exempt institutions such as pension funds.

Mario has structured many major real estate transactions, public offerings and mergers and restructurings of private and public corporations. He is the principal tax advisor to a number of multinationals, with a lead role in international tax planning. Before joining the firm in 2000, Mario was an international tax partner in a major accounting firm.

Representative Work

Acted for Hydro-Québec in connection with its $4.75 billion proposed acquisition of substantially all of the assets of New Brunswick Power and that of its affiliates, including hydroelectric combustion and nuclear facilities.
Acted for Access Cash General Partnership and its investors in Access Cash's acquisition of EZEE ATM LP, Canada's second-largest full service independent provider of Automatic Teller Machines (ATMs), in a transaction valued at $41.2 million.
Acted for Abitibi-Consolidated Inc. in its merger of equals with Bowater Incorporated to create a company with a combined enterprise value of US$8 billion.
Acted for Abitibi-Consolidated Inc. which with the Caisse de depôt et placement du Québec completed a joint venture for the Company's hydroelectric generation facilities in Ontario. The joint venture, ACH Limited Partnership, is 75% owned by Abitibi-Consolidated and 25% owned by the Caisse.
Advised Bell Canada in its acquisition of Nexxlink Technologies Inc. shares in a transaction valued at $67 million.
Advised TD Securities Inc., BMO Nesbitt Burns Inc. and Desjardins Securities Inc. when they co-led the underwriting syndicate for the completion of a $46 million initial public offering by 20-20 Technologies Inc.
Represented Abitibi-Consolidated Inc. and SFK Pulp Fund in their initial public offering of $444 million of trust units of SFK Pulp Fund and $125 million credit facility in favour of the Fund.
Represented SITQ, an affiliate of the Caisse de dépôt et placement du Québec, in corporate and tax matters in its acquisition of Bentall Corporation in a transaction valued at approximately $310 million.

Articles and Publications

Mario has written articles in specialized magazines and given numerous presentations on various taxation topics such as interest deductibility, cross-border financing techniques, real estate investments by tax-exempt entities, tax aspects of partnerships in Canada and in the U.S., and taxation aspects of doing business in the U.S. and Mexico.

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