Davies

Neil Kravitz

Neil Kravitz is a partner in the Capital Markets, Mergers & Acquisitions and Corporate/Commercial practices. He is also the Capital Markets practice group coordinator for the Montréal office and is a member of the interview team of the firm’s student committee and of the opinion committee.

Neil specializes in mergers and acquisitions and securities law and has extensive experience in public offerings, takeover bids, plans of arrangement, private placements, and both public and private asset and share purchase transactions as well as corporate governance matters.

Representative Work

  • Acted for Paladin Labs Inc. in connection with its acquisition by Endo Health Solutions Inc. in a stock and cash transaction valued at approximately $3 billion.

  • Acted for Caisse de dépôt et placement du Québec in connection with the $1.5-billion partial sale of its holdings in Québecor Média to Québecor Média and Québecor Inc.

  • Acted for the Caisse de dépôt et placement du Québec in connection with the secondary private placement by CDP Capital d'Amérique Investissements Inc., a subsidiary of Caisse de dépôt et placement du Québec, of $305 million aggregate principal amount of Québecor Inc.'s convertible unsecured subordinated debentures due 2018.

  • Acted for the Board of Directors of Zarlink Semiconductor Inc. in connection with the $635-million acquisition of Zarlink by Microsemi Corporation.

  • Acted for the initial purchasers and lenders in connection with Air Canada's $1.4 billion refinancing transaction, consisting of private offerings of new senior secured notes and a new senior secured credit facility.

  • Acted for Bain Capital Luxembourg Investments S.à.r.l. in connection with a bought deal, secondary offering of 8,000,000 subordinate voting shares of BRP Inc. by Bain, CDPQ and other selling shareholders for total gross proceeds of approximately $222,800,000.

  • Acted for Eurocopter Holding SAS, a subsidiary of European Aeronautic Defence and Space Company EADS N.V., in connection with its acquisition of Vector Aerospace Corporation in a transaction valued at $635 million by way of a takeover bid.

  • Acted for Bain Capital, a principal shareholder of BRP Inc., in connection with BRP's initial public offering on the TSX consisting of 12,200,000 subordinate voting shares of BRP at a price of $21.50 per share, for gross proceeds of $262.3 million, making it the largest Canadian IPO in 2013.

  • Acted for Cominar Real Estate Investment Trust in connection with its unsolicited takeover bid for Canmarc Real Estate Investment Trust, valued at approximately $904 million.

  • Acted for Cogeco Cable Canada Inc., a wholly owned subsidiary of Cogeco Cable Inc., in connection with its acquisition of the issued and outstanding shares in the share capital of MTO Telecom Inc., a private telecommunications provider in the Greater Montréal Area and the Province of Québec.

  • Acted for the initial purchasers led by J.P. Morgan and TD Securities Inc. in connection with Air Canada's US$1.1 billion private placement offering of secured notes. The offering consisted of US$600 million of first-lien secured notes, $300 million of Canadian dollar-denominated first-lien secured notes and US$200 million of second-lien secured notes.

  • Acted for the initial purchasers led by J.P. Morgan in connection with Bumble Bee Foods, LLC's US$605 million offering of senior secured notes, the proceeds of which were used to fund part of the acquisition of Bumble Bee Foods by Lion Head LLP.

  • Acted for Canaccord Genuity Corp. and a syndicate of underwriters in connection with the $156-million bought deal secondary offering by ACE Aviation Holdings Inc. of shares of Air Canada.

  • Acted for Genuity Capital Markets and a syndicate of underwriters in connection with a bought deal offering by Air Canada of units comprised of shares and warrants for aggregate gross proceeds of $260 million.

  • Acted for Honeywell International Inc. in connection with the $144-million acquisition of Matrikon Inc., a company specializing in software used in manufacturing operations.

  • Acted for Cominar Real Estate Investment Trust in its takeover bid for Overland Realty Limited in an all-cash deal that valued Overland at $70.9 million.

  • Acted for U.S.-based private equity firm Mill Road Capital, L.P. in its successful "white knight" bid for Cossette Inc. for approximately $134 million.

  • Acted for TPG Partners V LP in connection with its acquisition of Axcan Pharma Inc. in an all-cash transaction valued at US$1.3 billion.

  • Acted as Canadian counsel to Schaeffler KG in connection with its acquisition of Continental AG, one of the world's leading automotive industry suppliers, in a transaction valued at US$16.1 billion.

  • Acted for CryoCath Technologies Inc., a medical device company, in its sale to Medtronic, Inc. by way of a negotiated takeover bid valued at US$400 million.

  • Acted for Reitmans (Canada) Limited in regard to the acquisition of Shirmax Fashions Ltd. in a transaction valued at approximately $86 million.

  • Acted for Paladin Labs Inc., in connection with a $40.25-million bought deal financing.

  • Acted for Rogers Sugar Income Fund and Rogers Sugar Inc. in the conversion of Rogers Sugar Income Fund to a corporate structure by way of plan of arrangement.

  • Acted for Canadian Broadcasting Corporation, a significant shareholder of Sirius Canada Inc., in connection with the merger between Sirius Canada Inc. and Canadian Satellite Radio Holdings Inc. in a transaction valued at $520 million.

  • Acted for Kimco North Trust III, an entity controlled by Kimco Realty Corp., a leading U.S.-based REIT, in connection with private placement offerings of $150 million principal amount.

  • Acted for Rogers Sugar Income Fund in its $50-million public offering of principal amount of convertible unsecured subordinated debentures.

  • Acted for Game Day Entertainment, LLC in its acquisition of Kangaroo Media Inc.

  • Acted for BELLUS Health Inc. with respect to a rights offering, resulting in the issuance of 52,363,419 common shares for aggregate proceeds of $9.7 million.

  • Acted for Paladin Labs Inc. as it entered into a strategic partnership with Isotechnika Pharma Inc. for the commercialization of voclosporin. The transaction was achieved by way of a Plan of Arrangement.

  • Acted for Paladin Labs Inc. in connection with its $58.7-million bought deal public offering of common shares.

  • Acted for Zygo Corporation Inc. (a U.S. publicly traded corporation) in its acquisition of the assets of Solvision Inc. from the interim receiver appointed to the assets of Solvision Inc.

  • Acted for Camrose Resources Limited in connection with its $100-million investment by private placement in Africo Resources Ltd., a TSX-listed mining company with assets in the Congo.

  • Acted for each of Glencore International AG and RP Explorer Master Fund, significant stakeholders in Katanga Mining Limited, in connection with the merger of Katanga and Nikanor PLC to create a company with a combined market capitalization of approximately US$3.3 billion.

  • Acted for BELLUS Health Inc. in its restructuring of US$80 million of its outstanding convertible notes and an investment of $20.5 million in senior secured notes by Victoria Square Ventures Inc. and Vitus Investments III Limited.

  • Acted for J.P. Morgan Securities Inc. as joint book runner and representative of the initial purchasers in connection with US$400-million unsecured notes of Air Canada.

  • Acted for the purchasers of US$215 million senior secured notes due June 16, 2025 issued by Cogeco Cable Inc. to US institutional accredited investors on a private placement basis.

  • Acted for Kimco North Trust III, an indirect wholly-owned entity of Kimco Realty Corporation, in connection with its offering of $200 million unsecured notes on a private placement basis in Canada.

  • Acted for a syndicate of underwriters led by CIBC World Markets Inc. in connection with Cogeco Cable Inc.'s public debt offering on a bought deal basis of $300 million of senior secured debentures due 2023.

  • Acted for the special committee of independent directors of RONA inc. with respect to the non-binding and non-solicited acquisition proposal RONA inc. received from Lowe's Companies, Inc.

  • Acted for Le Château Inc. in connection with the establishment of a $70-million asset-based credit facility arranged by GE Capital.

  • Acted for Paladin Labs Inc. in connection with its unsolicited takeover bid for Afexa Life Sciences Inc.

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Recognition

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  • Recognized by The Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada in the area of Corporate Finance & Securities.
  • Recognized as a leading practitioner in the area of Corporate Finance & Securities by the Lexpert® 2014 Guide to the Leading US/Canada Cross-border Lawyers in Canada.
  • Recognized by The Canadian Legal Lexpert® Directory as most frequently recommended in Corporate Finance & Securities, consistently recommended in Corporate Mid-Market and repeatedly recommended in Corporate/Commercial Law, Mergers & Acquisitions and Private Equity.
  • Recognized as a leading lawyer in the areas of Corporate Law and Securities Law by The Best Lawyers in Canada.
  • Named a leading lawyer in Capital Markets by IFLR1000: The Guide to the World's Leading Financial Law Firms.
  • Recognized in the Lexpert® special edition reports, Canada's Leading Corporate Lawyers and Leading Canadian Lawyers in Global Mining.
  • Named as one of "20 corporate lawyers to watch" by the Lexpert® Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada.
  • Recognized among Lexpert® magazine’s Rising Stars, Canada’s Top 40 Lawyers Under 40 in 2006.

Professional Affiliations

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Board Memberships

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Community Involvement

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  • Just for Kids Foundation (purchases equipment for Montreal Children’s Hospital)
  • Combined Jewish Appeal

Teaching Engagements

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Neil has been a sessional lecturer in Securities Regulation in the Faculty of Law of McGill University.

Speaking Engagements

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On April 23, 2014, Neil spoke at the Davies Legal Update, Spring 2014 on the subject of: Recent Developments in Securities Law in 2014.

Articles and Publications

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Neil was a contributor to the International Securities Law Handbook authored by members of the World Law Group, published by Kluwer Law International and the co-author of "The Ontario Civil Liability Regime – Not Quite 10b-5 North" published in Corporate Liability Studies©2006, by Federated Press.

Neil is a contributing author to the thought leadership publication, "Revised Canadian Take-Over Bid and Issuer Bid Regime" published in 2008.

Niel Kravitz
Neil Kravitz
Partner
Office:
Montréal
Tel:
514.841.6522
Email:
nkravitz@dwpv.com
Bar Admissions:

Québec, 1997

Education:

McGill University, LL.B, B.C.L. (Gold Medal), 1996