Davies

Richard Fridman

Richard Fridman is a partner in the Corporate/Commercial, Capital Markets, Financial Restructuring & Insolvency, Mergers & Acquisitions and Mining practices.

Richard has a broad range of experience in all aspects of public M&A, including strategic review processes, hostile takeover bids and negotiated merger transactions. He also represents clients in connection with public offerings of debt and equity securities (representing both issuers and underwriters), private placements, going private transactions and corporate reorganizations.

Richard’s legal and prior management consulting experience enables him to act as counsel and provide strategic and legal advice to management and directors of public corporations as well as to start-ups.

Before joining the firm, Richard worked as a management consultant at a leading international strategic consulting firm and carried out assignments in Canada, the United States and Europe. He also clerked with the Honourable Mr. Justice Charles D. Gonthier of the Supreme Court of Canada in 1998.

Representative Work

  • Acted for Hebei Iron & Steel Group Co., Ltd. in connection with its strategic investment in Alderon Iron Ore Corp. and its Kami iron ore project.

  • Acted for Fronteer Gold Inc. in connection with its $2.3-billion acquisition by Newmont Mining Corporation. The transaction was structured as a plan of arrangement providing for cash consideration and the spin off of shares of Pilot Gold Inc., a new TSX-listed company holding exploration assets, to the former shareholders of Fronteer Gold.

  • Acted for the Special Committee of West Timmins Mining Inc. in connection with the $319-million acquisition of West Timmins by Lake Shore Gold Corp. effected through a share exchange plan of arrangement.

  • Acted for MAG Silver Corp. in its successful defence of a proposed $350 million hostile insider takeover bid by Fresnillo plc. Fresnillo plc ultimately abandoned its takeover following an adverse ruling by the OSC in MAG's application to compel Fresnillo to disclose financial information relevant to its bid.

  • Acted for Fortis Inc. in its $250-million bought deal public offering of cumulative redeemable five-year rate reset first preference shares.

  • Acted for Barrick Gold Corporation and its wholly owned subsidiaries in connection with its US$1.25-billion public offering of debt securities due 2013, 2018 and 2038.

  • Acted for the Special Committee of Creststreet Power & Income Fund LP in connection with its strategic alternatives review process which culminated in the $121.6-million sale of its windpower subsidiaries to an affiliate of FPL Energy, LLC and the distribution of its net assets to unitholders.

  • Acted for Khan Resources Inc. in its $30-million underwritten public offering of common shares.

  • Acted for Zinifex Limited (now OZ Minerals Ltd.) in its $360-million negotiated takeover bid for Wolfden Resources Inc.

  • Acted for Fortis Inc. in its $601 million bought deal public offering of subscription receipts. The net proceeds will be used to finance a portion of the acquisition of CH Energy Group, Inc., a New York-based regulated transmission and distribution utility.

  • Acted for the Special Committee of MOSAID Technologies Incorporated in connection with its successful defense of an unsolicited takeover bid by Wi-LAN Inc. and the resulting "white knight" agreement with Sterling Partners to acquire MOSAID by way of a plan of arrangement for approximately $590 million.

  • Acted for Xplornet Communications Inc. (formerly Barrett Xplore Inc.) in connection with the private offering of $230 million of securities, one of the largest Canadian financing telecom projects to be announced in 2011.

  • Acted for Fronteer Gold Inc. in connection with the $260-million sale of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold, to Paladin Energy Ltd.

  • Acted for an agency syndicate led by BMO Nesbitt Burns Inc. in connection with offerings of medium term notes of Greater Toronto Airports Authority pursuant to shelf prospectuses filed in each of 2008 and 2010. Issuances of notes in the amount of $825 million, $600 million, $400 million and $600 million have been completed in each of 2008, 2009, 2010 and 2011, respectively, pursuant to this program.

  • Acted for Barrick Gold Corporation in connection with the private placement by its affiliate of US$1.25 billion of notes maturing in 2020 and 2039, each guaranteed by Barrick, and the subsequent exchange of such notes for registered securities.

  • Acted for Merrill Lynch Canada Finance Company in its renewal of its $5-billion medium term note program.

  • Acted for a syndicate of underwriters led by Merrill Lynch Canada Inc. in connection with an offering of units consisting of common shares and common share purchase warrants of North American Palladium Ltd.

  • Acted for Vishay Intertechnology Inc. in its acquisition of the Power Control Systems ("PCS") business from International Rectifier in a transaction valued at approximately US$290 million.

View All

Recognition

Return To Profile

  • Named one of the 2011 Lexpert® Rising Stars: Leading Lawyers Under 40.

Professional Affiliations

Return To Profile

Canadian Bar Association

New York State Bar Association

Board Memberships

Return To Profile

Community Involvement

Return To Profile

Teaching Engagements

Return To Profile

Speaking Engagements

Return To Profile

Articles and Publications

Return To Profile

Richard co-authored the articles entitled "Unsolicited Takeover Bids: Defensive Strategies" and "When No Means Maybe: The State of the 'Just Say No' Defense in Canada" published in the Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada.

Richrad Fridman
Richard Fridman
Partner
Office:
Toronto
Tel:
416.367.7483
Email:
rfridman@dwpv.com
Bar Admissions:

Ontario, 2002

New York, 2000

Québec, 1997

Education:

New York University, LL.M. (U.S. Corporate Law), 1999

University of Ottawa, LL.B. and LL.L. (gold medallist), 1997