Mar. 27, 2024 - Substantial amendments to the Investment Canada Act (ICA) were enacted on March 22, 2024, with the passing of Bill C-34, the National Security Review of Investments Modernization Act. These amendments, long in the works, will come into effect on a date to be fixed by Cabinet. It...
Announcement
DIF Capital Partners Buys Majority Stake in Valley Fiber
Davies acted for DIF Capital Partners in its majority investment in Valley Fiber Ltd., a rapidly growing Manitoba-based fiber-optics developer. Valley Fiber aims to connect more than 15,000 homes and businesses in rural Manitoba to high-speed networks over the next few years. DIF’s all-equity investment, made through DIF Core Infrastructure Fund II, will fuel this growth and provides an innovative but conservative capital structure for the company.
The Davies team advising on the transaction included Cameron Rusaw, Cynthia Hill, Avani Verma and Mathieu Taschereau (Corporate/M&A); Elisa Kearney (Competition); and Mark Firman (Employment & Labour).
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Mar. 13, 2024 - The Canadian government recently issued two policy statements (IDM Statements) affirming that it will enhance its scrutiny under the Investment Canada Act (ICA) of foreign investments in the Canadian Interactive Digital Media (IDM) sector. One of the statements sets out the...
