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
New Look Vision Completes Sale to NL1 AcquireCo
New Look Vision Group Inc. has completed its $800-million sale to NL1 AcquireCo Inc., an entity created by funds managed by FFL Partners, LLC, Caisse de dépôt et placement du Québec and the Dr. H. Doug Barnes Family. All issued and outstanding Class A common shares of New Look Vision were acquired.
Davies acted for New Look Vision on the transaction, which provides the company with additional capital to further its expansion domestically and internationally, and increase its strategic investments in technology.
The Davies team advising on the transaction included Olivier Désilets, Richard Cherney, Elliot Greenstone, Elise Beauregard, Amélie Doyon, Talya Kornitzer, Tyson Lowrie and Arianna Yoffe (Mergers and Acquisitions); Dan Wolfensohn (Finance); Elisa Kearney (Competition, Antitrust and Foreign Investment); Brian Bloom and John Lennard (Tax); and Louis-Martin O’Neill and Faiz Lalani (Dispute Resolution).
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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...
