Fintech

Novacap Management Inc., 2024

Acted for Novacap, a leading Canadian private equity firm, in connection with the rollover of its investment in the approximately $6.3-billion privatization of Nuvei Corporation to a new continuation vehicle and other Novacap funds.

Riot Platforms Inc., 2024

Acted for Riot Platforms Inc. in connection with its strategic pursuit of change at Bitfarms Ltd., including its shareholder meeting requisition and successful challenge to Bitfarms' 15% trigger poison pill at the Ontario Capital Markets Tribunal, which culminated in the parties entering into a settlement agreement and Riot's director nominee being appointed to Bitfarms' board. 

ALT 5 Sigma Inc., 2024

Acted as tax counsel to ALT 5 Sigma Inc., a leading next generation blockchain financial technology provider, in its acquisition by JanOne Inc.

Riot Platforms Inc., 2024

Acted for Riot Platforms Inc., a Bitcoin mining and digital infrastructure company, in connection with its successful application to the Capital Markets Tribunal of Ontario to cease trade the 15% trigger poison pill adopted by Bitfarms Ltd., a Toronto-based bitcoin mining company, in response to Riot’s unsolicited strategic pursuit of Bitfarms and shareholder meeting requisition. This decision was named one of the top 10 business decisions of 2024 by Law360 Canada.

IOU Financial Inc., 2023

Acted for IOU Financial Inc., a fintech company listed on the TSX-V, in its sale to 9494-3677 Québec Inc., a corporation created by a group composed of funds managed by Neuberger Berman, Palos Capital and Fintech Ventures, for an all-cash consideration.

Numerix LLC, 2023

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.

Ingeniarts Technologies Inc., 2022

Acted for Ingeniarts Technologies Inc., operating as UgoWork, in its C$22.8-million series B financing from investors such as Fonds de solidarité des travailleurs du Québec (F.T.Q.), Export Development Canada, Capital régional et coopératif Desjardins and Investissement Québec.

QuadFi, 2022

Acted for QuadFi, a Canadian mission-driven global fintech firm, in securing a US$100-million financing commitment from Crayhill Capital Management, a New York-based minority-owned private credit manager.

Block Inc., 2022

Acted for Block Inc., a U.S. fintech company, in its C$3-million investment in Indigenous Growth Fund, a government-backed loan fund for Indigenous entrepreneurs.

Moka Financial Technologies Inc., 2021

Acted as special Canadian and U.S. securities law and tax counsel to Moka Financial Technologies Inc. in its sale to Mogo Inc., a digital payments and financial technology company listed on the TSX and Nasdaq, in a share-for-share transaction valuing Moka at approximately $50 million.

Canadian Business Growth Fund, 2021

Acted for Canadian Business Growth Fund in the C$340-million sale of PayBright Inc., one of Canada's leading buy-now-pay-later provider, to Affirm Holdings Ltd.

IOU Financial Inc., 2020

Acted for IOU Financial Inc. in its strategic transaction with Neuberger Berman, which comprised a non-brokered private placement of common shares of the company for gross proceeds of approximately C$2.1 million and a loan purchase agreement with a fund managed by Neuberger Berman for up to US$150 million per year over the next two years.

Novacap Management and Caisse de dépôt et placement du Québec, 2020

Acted for various funds managed by Novacap Management Inc. (as selling shareholders) and for Caisse de dépôt et placement du Québec in connection with the US$833-million initial public offering and concurrent private placement of Nuvei Corporation, representing the largest technology IPO, by both equity capital raised and market capitalization at the time of listing, in TSX history.

Square, Inc., 2020

Acted as Canadian counsel to Square, Inc. in its acquisition of Dessa, a Toronto-based company building machine learning applications that address significant real-world challenges for all types of businesses.

A significant real estate investment fund, 2020

Acted for a significant real estate investment fund in an arbitration relating to the termination of an offer to purchase a property to establish a crypto-mining facility and a dispute relating to the release of a purchase price of $3.5 million held in trust by a third party.

Total System Services Inc. (TSYS), 2019

Acted for Total System Services Inc. (TSYS), a leading global payments provider, on competition matters related to its US$26-billion merger of equals with Global Payments Inc., to create a global technology-enabled payments company.

Caisse de dépôt et placement du Québec and Business Development Bank of Canada, 2019

Acted for Caisse de dépôt et placement du Québec and Business Development Bank of Canada regarding the restructuring of Portag3 Ventures, an early-stage investor initially formed to establish a leading, interconnected fintech ecosystem, operating in Toronto, Montréal, New York and Singapore.

The Bank of Nova Scotia, 2018

Acted for a syndicate of lenders, led by The Bank of Nova Scotia, in the financing of Thinking Capital Financial Corporation, Canada's leading fintech lender to small businesses, which was acquired by Purpose Financial LP.

tZERO.com, subsidiary of Overstock.com, 2018

Acting as Canadian counsel for tZERO.com, the financial technology subsidiary of Overstock.com, in its USD$250-million offering of security tokens using blockchain technology by way of a Simple Agreement for Future Equity (SAFE).

Equibit Group Ltd., 2018

Acted for Equibit Group Ltd., a blockchain development company focused on building a decentralized securities network that facilitates the issuance and transfer of securities on the blockchain.

National Bank of Canada, 2018

Acted for National Bank of Canada in a $80-million secured capital call loan made available to a fintech venture fund focused on investments in the global financial technology sector.