General Atlantic Invests in Plusgrade
Mar. 06, 2024 – Davies acted for Plusgrade in connection with General Atlantic’s strategic investment in the...
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Mar. 06, 2024 – Davies acted for Plusgrade in connection with General Atlantic’s strategic investment in the...
Feb. 06, 2024 – Davies is acting as Canadian counsel to Red 5 Limited, an Australia-based gold miner, in a merger...
Jan. 19, 2024 – Davies is acting as counsel to Blackstone, one of the world’s leading investment firms, in its...
Jan. 05, 2024 – In a recent landmark transaction, Davies acted as counsel to TPG in its acquisition (and related...
Acted for Mondi plc, a global leader in the production of sustainable packaging and paper, in its acquisition of the Hinton Pulp mill from West Fraser Timber Co. Ltd. (West Fraser) and its long-term partnership with West Fraser to access local, high-quality fibre from well-established wood basket, as well as with Mondi plc’s plans to invest €400 million in the expansion of Hinton.
Acted for Bruker Corporation in its acquisition of Tornado Spectral Systems Inc., a company that provides chemical analysis and measurement systems for Raman spectroscopy primarily used in pharmaceutical, petrochemical, and biotechnology applications.
Acted for a syndicate of underwriters, co-led by Scotia Capital Inc. and TD Securities Inc. in an offering of C$200-million aggregate principal amount of Series L Notes of Crombie Real Estate Investment Trust due March 29, 2030.
Acted for funds affiliated with Ironbridge Equity Partners Management Limited in the acquisition and related financing of Gardner Glass Products, Inc., a North Carolina-based company that manufactures and distributes tempered, mirrored, backpainted, and laminated glass products.
Acting for PricewaterhouseCoopers Inc., SAI in its capacity as trustee of Just for Laughs Group in proceedings under the Companies' Creditors Arrangement Act.
Acted for Glencore Canada Corporation in its dispute before the Tax Court of Canada and Federal Court of Appeal with respect to the tax treatment of break fees.
Acted for the syndicate of agents, co-led by BMO Capital Markets, National Bank Financial and TD Securities, in TMX Group Limited's Canadian private placement of C$1.1 billion aggregate principal amount of senior debentures issued across three series.
Acted for RBC Capital Markets, LLC and RBC Dominion Securities Inc. on the US$723.4-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.
Acted for Mason Graphite Inc. with the sale of the Lac Guéret Property, targeted for the development of graphite at the Uatnan Mining Project, to Nouveau Monde Graphite Inc. in consideration of 6,208,210 common shares of Nouveau Monde Graphite Inc.
Acted as Canadian counsel for RelationShop Inc. in its acquisition of all of the issued and outstanding shares of Mercatus Technologies, a leading provider of eCommerce solutions for regional grocers and independents.
Acting for Blackstone in its US$3.5-billion take-private acquisition of Tricon Residential Inc., an owner, operator and developer of a portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto.
Acted as Canadian counsel for Rogers Communications Inc. in its US$2.5-billion U.S. public offering of two series of senior notes registered via the multi-jurisdictional disclosure system.
Acted for PSP Investments with the establishment of its new wholly-owned subsidiary, Canada Growth Fund Investment Management Inc., and the negotiations with the Government of Canada and Canada Development Investment Corporation in connection with the management of the newly-established $15-billion Canada Growth Fund.
Acted for Blackstone Real Estate Income Trust, Inc. in its acquisition of a portfolio of 12 seniors' housing residences in Québec.
Acted for Plusgrade in connection with General Atlantic’s strategic investment in the ancillary revenue powerhouse. The investment represents a monumental transaction for the global travel tech sector.
Acted for funds affiliated with Viking Global Investors LP in connection with Valsoft Corporation Inc.'s note issuance in an initial aggregate amount of US$170-million to Coatue Management and funds affiliated with Viking Global Investors LP.
Acted for Golden Ventures in connection with the formation of its fifth fund, Golden Ventures V, a leading seed-stage venture capital fund investing across North America.
Acting as Canadian counsel to OUTFRONT Media Inc. in the C$410-million sale of its Canadian outdoor advertising business to Bell Media, a wholly-owned subsidiary of BCE.
Acted for Wolseley Canada Inc., the leading wholesale distributor to plumbing, HVAC/R, waterworks and industrial markets in Canada, in its acquisition of Yorkwest Plumbing Supply Inc., a distributor of building and industrial products in the greater Toronto area.
Acted as Canadian counsel to RLH Equity Partners, in its acquisition of Red Clay Consulting, an Atlanta based business focused on providing software platforms using Oracle Utilities applications.
Acted for the syndicate of underwriters, co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank, in the second green bond offering of C$4-billion by the Government of Canada.
Acting as Canadian counsel to Red 5 Limited, an Australia-based gold miner, in a merger of equals with Silver Lake Resources, creating a leading mid-tier gold company with a combined value of approximately A$2.2 billion.
Acted for Rogers Sugar Inc. in its C$117.9-million equity offering, comprised of a C$57.5-million public offering and C$60.4-million concurrent non-brokered private placements to Fonds de solidarité des travailleurs du Québec (F.T.Q.) and Belkorp Industries Inc., the net proceeds of which will be used to fund a portion of its C$200-million sugar capacity expansion project.
Acted for ArcTern Ventures in the formation of its third flagship fund, ArcTern Ventures Fund III, a US$335 million venture capital fund focused on climate technology companies around the world.
Acted for Vance Street Capital, a Los Angeles private equity fund, in the sale of Terra Insights, a Vancouver-based geotechnical, structural and geospatial monitoring company, to Orica for cash consideration of C$505 million.
Acted for Camac Partners, LLC in connection with its shareholder engagement with Rocky Mountain Liquor Inc. regarding board composition, governance and strategic matters, which culminated in an agreement to appoint two of Camac’s nominees to the Rocky Mountain board.
Acted as tax counsel for Sprott Resource Streaming and Royalty Corp., as lead arranger for its resource lending investment funds, in its holistic financing solution provided to Bunker Hill in respect of its zinc, lead and silver project located in Idaho, U.S. The financing package included a debt facility, convertible debentures, a royalty convertible debenture and a streaming arrangement in respect of the project.
Acted for BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and a syndicate of agents in a $300 million offering of Metro Inc.’s 4.657% Series K senior unsecured notes due February 7, 2033.
Acted as financing counsel to Lithium Royalty Corp. in establishing a US$25-million revolving credit facility with National Bank of Canada.
Acted for Beanfield Metroconnect, a portfolio company of DigitalBridge, in securing a strategic equity investment from OMERS Infrastructure.
Acted as tax counsel to Foodtastic Inc., a leading franchisor of restaurant brands in Canada, in its C$74.4-million acquisition of Freshii Inc.
Acted for MacKinnon, Bennett & Co. in connection with the C$32-million merger of its portfolio company Bird Canada Inc. with Bird Global, Inc.
Acting as counsel to partners of ROBIC, LLP, one of Canada's preeminent intellectual property firms, in connection with ROBIC’s business combination with IPH Limited.
Acted for BELLUS Health Inc. in its US$2-billion sale to GSK plc, a British-based pharmaceutical company.
Acted as Canadian counsel to Genstar Capital-backed Numerix LLC, a leader in capital markets risk management technology, in its acquisition of all the issued and outstanding shares of FinancialCAD Corporation.
Acted for Goldman Sachs & Co. LLC on the US$658-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.
Acted for Fengate Asset Management Ltd. in the sale of a 75% interest in the 40 MW Grand Valley III wind project in Ontario to Axium Infrastructure.
Acting for Russel Metals Inc. in the C$61-million sale of its 50% equity interest in TriMark Tubulars Ltd. to Marubeni-Itochu.
Acted for Velan Inc., a global leading manufacturer of industrial valves, in its $329-million all-cash sale and privatization by way of plan of arrangement by Flowserve Corporation, one of the world’s leading providers of fluid motion and control products and services.
Acted for Axium Infrastructure in connection with a mezzanine financing of a portfolio of solar projects located in Ontario.
Acted for Caisse de dépôt et placement du Québec and CDP Financial Inc. in the series 15 offering by CDP Financial of US$500 million of senior notes due in 2025 under its Senior Notes Program
Acted for Umicore SA/NV, a circular materials technology company headquartered in Belgium, in the development and construction of a first-of-its kind EV battery materials manufacturing plant in Loyalist Township, Ontario, that will be 100% fuelled by renewable energy from the start of production.
Acting for Lerøy Seafood Group, a seafood production and distribution company based in Bergen, Norway, in defending a proposed Federal Court of Canada class action, which alleges that Lerøy and the other defendants colluded to fix the global and North American supply and prices of salmon.
Acted for Caisse de dépôt et placement du Québec and CDP Financial Inc. in the reopening of the series 15 offering by CDP Financial of US$500 million of senior notes due in 2025 under its Senior Notes Program
Acting for Vistara Capital in the formation of its fifth fund, Vistara Technology Growth Fund V, a US$400-million technology focused private credit fund.
Acted for Trinity Industries, Inc., in its acquisition of Holden America, a manufacturer of market-leading multilevel vehicle securement and protection systems, gravity-outlet gates and gate accessories for freight rail in North America, for an initial purchase price of US$70 million and an additional minimum of US$5 million per year for the next two years
Acted for American Holt, LLC, a portfolio company of Arcline Investment Management, in its acquisition of DMA Solution Inc., a leading engineering company for solutions in the manufacturing of high performance products for the PET plastic container and beverage industries.
Acted for BMS Group in its acquisition of Smith & Reid Insurance Brokers and O’Neil Insurance Brokers.
Acted for Manulife Financial Corporation on the financing of battery energy storage systems to be installed at three existing solar power projects in southern Alberta (Concord’s Coaldale, Monarch and Vulcan properties).
Acting for Hydromega Services Inc. in its sale, including its ownership interests in five hydropower generating stations in Québec and five additional hydropower generating stations in Northeastern Ontario, to FirstLight Power, a wholly owned subsidiary of PSP Investments and a leading clean power producer, developer and energy storage company.
Acting for the Insolvency Institute of Canada as an intervenor before the Supreme Court of Canada in Aquino v. Ernst & Young Inc. and Scott v. Doyle Salewski Inc., two cases raising important questions about corporate attribution and set-off in the insolvency context.
Acting for Nemaska Lithium Inc. in proceedings instituted by Victor Cantore requesting that Nemaska be compelled to convey him a 3% net smelter return royalty on all metals extracted from Nemaska's Whabouchi mine.
Acted as lead tax counsel and Canadian transaction counsel to Apotex International Inc., a global pharmaceutical company that produces high-quality affordable medicine, in the sale of a 50% interest in Arrotex Pharmaceuticals (Australia) to DBG Health.
Acted for Permanent Capital Partners Inc. with CDPQ's minority investment in AVENIR GLOBAL, a Montréal-based holding managing public relations and communications firm that ranks in the international top 25.
Acted as counsel to TPG in its acquisition (and related financings) from Oxford Property Group of a 75% interest in two Class-A industrial business parks in the Greater Toronto Area valued at C$1.3-billion.
Acted for Fortis Inc. in establishing its at-the-market public offering of up to C$500-million of common shares, which may be sold through the Toronto Stock Exchange, the New York Stock Exchange or on any other marketplace in Canada or the United States on which the common shares are traded.
Acted for Cordis-X, the lead investor in the C$34-million Series A funding round by Puzzle Medical Devices Inc., a medical device company specializing in the development of a minimally invasive long-term hemodynamic transcatheter pump.
Successfully acted for Shaw Communications Inc. in a landmark trial before the Competition Tribunal and subsequent appeal before the Federal Court of Appeal challenging the company’s C$26-billion merger with Rogers Communications Inc. This was the largest case ever heard by the Tribunal and the first pre-closing merger challenge to go to trial before the Tribunal. This case won Commercial Litigation Team of the Year at the 2023 Canadian Law Awards and was named the #1 business decision of 2023 by Law360 Canada.
Acted as tax counsel to Sprott Resource Lending Corp., as lead arranger for its resource lending investment funds, in the US$150-million financing of Foran Mining Corporation’s McIvenna Bay project in east-central Saskatchewan.
Acted for Royal Bank of Canada in connection with the establishment of senior secured “green loan” credit facilities in favour of a subsidiary of the University of Toronto, the proceeds of which will be used to complete deep energy retrofit projects – such as converting gas boilers to electric boilers and installing energy storage solutions – to reduce greenhouse gas emissions by more than 50 per cent, or 45,000 tonnes of CO2 equivalents, by 2030. Canada Infrastructure Bank provided subordinated credit facilities.
Acting for National Beef Packing Company in antitrust class actions commenced in Québec and British Columbia alleging a supply and price-fixing conspiracy in respect of cattle and beef.
Acted as Canadian counsel to the initial purchasers, led by BofA Securities, in the add-on private placement of US$125 million of senior secured notes of a Canadian private issuer.
Acted for Claridge IC Properties 3, Limited Partnership in the acquisition of a property in the City of Dorval, and its related acquisition financing and development thereon of approximately 255 residential rental units and ancillary commercial property, in a joint venture with Pur Immobilia, Oktodev, Endévco and Palomino Capital.
Acted for Fengate Asset Management Ltd. in the sale of the 72.6 MW Weaver wind project in Hancock County, Maine, United States to Greenbacker Renewable Energy.
Acted for The Canada Life Assurance Company in the establishment of credit facilities to finance the operations of Intragas Limited Partnership.
Acted for funds managed by Blackstone Credit in connection with its sale of Grafton Apparel Ltd., the leading Canadian retailer of men's clothing, which operates under the Tip Top, George Richards and Mr. Big & Tall banners, to an affiliate of Stern Partners Inc.
Acted for Alimentation Couche-Tard Inc. both in its acquisition of Cape D’Or Holdings Limited and Barrington Terminals Limited, which operate an independent convenience store and fuel network in Atlantic Canada under the Esso, Wilsons Gas Stops and Go! Store brands, and in connection with obtaining the Canadian Competition Bureau’s approval for the transaction. Also acted for Alimentation Couche-Tard Inc. in the divestiture of 52 retail and fuel locations to Harnois Énergies.
Acted for Caisse de dépôt et placement du Québec and CDP Financial Inc. in the series 13 offering by CDP Financial of C$1.25 billion of senior notes due in 2028 under its Senior Notes Program.
Acting for a real estate joint venture before the Court of Québec in a tax dispute against Revenu Québec with respect to the characterization of tenant inducement payments.
Acting as Canadian tax counsel to Siemens Energy in the sale of Trench business in Canada to Triton, a leading European mid-market private equity investor.
Acted for Cookin Inc., a homemade food delivery marketplace, in a Series Seed extension for its strategic partnership with Sobeys, an Empire company.
Acted for Caisse de dépôt et placement du Québec and CDP Financial Inc. with a series 18 offering by CDP Financial of C$750 million of senior notes due in 2030 under its Senior Notes Program.
Acted for WideOrbit, Inc., a California-based media vertical software provider, in its sale to Constellation Software Inc. and its subsidiary Lumine Group Inc., and the related spin-out of the combined Lumine Group Inc. as a new public company listed on the TSX-V.
Acted for Integrated Media Company, a TPG platform dedicated to the new media ecosystem, in its C$147.5-million acquisition of Toon Boom Animation Inc., an Emmy® Award-winning Montreal-based animation software company, from Nelvana Limited, a subsidiary of Corus Entertainment Inc.
Acting for Waterton Global Resource Management and Waterton Copper Corp. in connection with the acquisition by Wheaton Precious Metals Corp. of a US$115-million silver stream on the Mineral Park Mine in Arizona owned by Waterton Copper Corp. and the provision of a US$25 million secured debt facility from Wheaton to Waterton Copper.
Acted for co-investors MacKinnon, Bennett & Co. and Idealist Capital in their growth capital equity investment in XNRGY Climate Systems, a leader in the design and manufacturing of energy efficient commercial HVAC systems.
Acted for Lakeside Book Company, a portfolio company of Atlas Holdings, in its acquisition of Marquis Books.
Acting for Banque de Développement du Canada (“BDC”) in relation to the CCAA Proceedings of Forex Inc. et als. proceedings under the Companies’ Creditors Arrangement Act.
Acted for Newmont Mining Corporation, Fronteer Gold Inc. and its founder Mark O’Dea in a successful defence against a claim for over C$1.2 billion in damages and other relief asserted by Jacqui Safra and his holding company, NWG Investments Inc. Safra alleged fraud and misrepresentation concerning a transaction in which Fronteer acquired a mineral exploration company he founded and controlled. Safra’s claim was commenced after the newly formed Government of Nunatsiavut imposed a moratorium on uranium mining in April 2008. Justice Steele of the Superior Court of Ontario dismissed the claim on the grounds of delay in August 2023.
Acted for Metropolitan Life Insurance Company, CIBC World Markets Inc., TD Securities Inc. BMO Nesbitt Burns Inc. and Scotia Capital Inc. in the Canadian private placement of C$1 billion of floating-rate and fixed-rate notes by Metropolitan Life Global Funding I, a special purpose statutory trust organized under Delaware law, secured by a funding agreements issued by Metropolitan Life Insurance Company.
Acting for OMERS Administration Corporation in its US$200-million acquisition of 54.5% stake of global royalties on MAVYRET, from Enanta Pharmaceruticals, Inc.
Acted for Caisse de dépôt et placement du Québec and CDP Financial Inc. with the series 16 offering by CDP Financial of US$1.5 billion of senior notes due in 2028 under its Senior Notes Program.
Acted for DIF Capital Partners, through its DIF Core Infrastructure Fund III (DIF CIF III), in its acquisition of RFNow Inc., an independent enterprise fiber, residential fiber, fixed wireless internet and phone services provider in Manitoba and Saskatchewan.
Acting for Morgan Stanley in class action proceedings in Québec and in Ontario taken against it and other banks and financial institutions, alleging the manipulation of the market for precious metals.
Acted for Alaris Equity Partners, in its US$546-million investment with Brookfield Special Investments, in Body Contour Centers LLC.
Acting for Giant Tiger in defence of a proposed class action in Québec for alleged “greenwashing”, or misleading environmental claims, of recyclable bags. This is one of the first actions in Canada concerning greenwashing claims.
Acted as Canadian counsel to Altas Partners in connection with the fundraising for its third fund, Altas Partners Holdings III.
Acted for MacKinnon, Bennett & Co. in the sale of its C$52-million stake in Miovision, a leading provider of intelligent transportation solutions, to TELUS Ventures.
Acted for Basic Resources, Inc. in its US$160-million acquisition of the Warners, Olga and True & Co businesses from the fashion conglomerate PVH Corp.
Acted for The Canada Life Assurance Company and its affiliates with the C$185.5-million financing of a portfolio of three hydroelectric generating facilities located in British Columbia and Quebec totalling approximately 107 MW owned by Innergex Renewable Energy Inc. The Gilles Lefrancois Project (24 MW) is located in Levis, Quebec and the Rutherford Creek (50 MW) and Miller Creek (33 MW) Projects are located near Squamish-Lillooet, British Columbia. The projects are fully-contracted with take-or-pay contracts with Hydro-Quebec and BC Hydro, respectively.
Acted for Agnico Eagle Mines Limited in its earn-in agreement with FireFox Gold Corp. to form a property-level joint venture in respect of the Kolho property located in northern Finland, together with a concurrent equity investment in FireFox Gold Corp. and the negotiation of an investor rights agreement.
Acted as tax counsel for Sprott Resource Streaming and Royalty Corp., as lead arranger for its resource lending investment funds, in its streaming transaction with Cerrado Gold Inc. regarding gold and silver produced by its Monte do Carmo project in Brazil.
Acted as Canadian counsel to the initial purchasers, led by J.P. Morgan, in the private placement of US$1 billion of senior secured notes of GFL Environmental Inc.
Acted for a special committee of independent trustees of Centurion Apartment Real Estate Investment Trust, a private, unlisted REIT with over $6.5 billion in assets, with restructuring of the REIT’s asset management agreement and related arrangements with its external asset manager, Centurion Asset Management Inc.
Acted for Black Swan Graphene Inc., which produces patented low-cost and high-performance graphene powders, in its strategic partnership with Nationwide Engineering Research and Development Ltd, the developer of a graphene-enhanced admixture for concrete, Concretene.
Acted as Canadian counsel to Nasdaq-listed Shockwave Medical, Inc., in its acquisition of Nasdaq- and TSX-listed British Columbia–based Neovasc Inc., for a total transaction value of up to US$147 million consisting of a purchase price per share of cash and a contingent value right.
Acted for Tecpetrol Investments S.L. in its successful unsolicited take-over bid to acquire Alpha Lithium Corporation for C$310 million.
Acted as Canadian counsel to Design World LLC d/b/a WTWH Media, LLC, a Mountaingate Capital portfolio company, in its acquisition via a wholly owned Canadian subsidiary of substantially all the assets of Engineering.com Incorporated, a media website operator focused on engineering related content.
Acted as tax counsel for Sprott Resource Streaming and Royalty Corp., as lead arranger for its resource lending investment funds, in its US$110-million streaming transaction with Ascot Resources Ltd. regarding the Premier Gold Project located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia.
Successfully represented StarKist Company and Dongwon Industries Company Limited in class action proceedings commenced in Ontario alleging anti-competitive behaviour in the market for canned tuna. Davies successfully defeated certification in the Ontario Superior Court.
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