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
123Dentist, Altima Dental and Lapointe Group Announce Strategic Merger
Davies is acting as Canadian counsel to KKR, a leading global investment firm, in its equity investment in connection with the strategic merger between 123Dentist, Altima Dental and Lapointe Group. The merger will create one of the largest dental support organizations in Canada, with nearly 350 supported dental practices. The transaction is being financed through equity capital provided by Peloton Capital Management, KKR, Heartland Dental and Sentinel Capital Partners.
The deal is subject to customary closing conditions, including clearance under the Competition Act (Canada), and is expected to close in the third quarter of 2022.
The Davies team advising on the transaction includes Kevin Greenspoon, Joseph DiPonio, Jack Franklin, Nazish Mirza and Elliot A. Greenstone (Corporate/Private M&A); Jim Dinning (Competition); and Chris Anderson and Taj Kudhail (Tax).
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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...
