Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
Announcement
Xplornet Communications Acquired by Stonepeak Infrastructure Partners
Davies recently acted for Xplornet Communications Inc. (Xplornet), Canada’s largest rural-focused broadband service provider, in completing its sale on June 10, 2020, to Stonepeak Infrastructure Partners (Stonepeak), an infrastructure-focused private equity firm based in New York with a history of investing in mission-critical telecommunications businesses.
The new capital provided by Stonepeak will allow Xplornet to execute its plan of expanding coverage, increasing investment and improving its national hybrid fibre wireless and satellite broadband network for rural Canadians.
The transaction received all regulatory approvals and completed new financing for a fully capitalized business.
The Davies team working on this transaction was led by Cameron Rusaw and Kevin Greenspoon and included Gilles Comeau, Daniel Pearlman, Marc Pontone, Avani Verma and Harrison Nemirov (Corporate/M&A); Scott Hyman, David Wilson and Evan Kenyon (Banking); Chris Anderson, Julie Colden and Ryan Abrahamson (Tax); and Mark Katz and Dajena Pechersky (Regulatory).
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As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada
Oct. 20, 2023 - Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with competing demands. Activism has also been on the rise in response to M&A...
