Elliot A. Greenstone

Partner

Elliot A. Greenstone

Elliot A. Greenstone

Partner

Clients turn to Elliot for his keen business sense and his ability to find novel solutions to complex problems.

Elliot represents Canadian and international private equity firms, as well as market-leading companies – both public and private – in their mergers and acquisitions, financings, private equity and venture capital deals, and licensing transactions. A strategic and experienced adviser, Elliot is regularly called upon by clients to act on their business-critical transactions. Elliot’s graduate degrees in both business and science give him a unique perspective on corporate matters, including intellectual property and information technology. As a result, he is frequently asked to provide counsel on complex business and legal issues for high tech, life science and retail companies.

Elliot is the coordinator of the Corporate practice in our Montréal office and is also a member of our Technology, Talent Management and Professional Development committees.

Elliot A. Greenstone

Partner

Clients turn to Elliot for his keen business sense and his ability to find novel solutions to complex problems.

Elliot represents Canadian and international private equity firms, as well as market-leading companies – both public and private – in their mergers and acquisitions, financings, private equity and venture capital deals, and licensing transactions. A strategic and experienced adviser, Elliot is regularly called upon by clients to act on their business-critical transactions. Elliot’s graduate degrees in both business and science give him a unique perspective on corporate matters, including intellectual property and information technology. As a result, he is frequently asked to provide counsel on complex business and legal issues for high tech, life science and retail companies.

Elliot is the coordinator of the Corporate practice in our Montréal office and is also a member of our Technology, Talent Management and Professional Development committees.

New Look Vision Group Inc.

Acted for New Look Vision Group Inc. in its $120-million acquisition, by way of plan of arrangement, of Iris, le groupe visuel (1990) Inc., which has a network of 147 retail locations across Québec, British Columbia, Alberta, Ontario and New Brunswick. The purchase was financed through various arrangements, including an increase of New Look's senior secured term facility with its bank syndicate, a new junior unsecured debt facility and an equity private placement.

Claridge Inc.

Acted for Claridge Inc. in connection with its sale to C.H. Guenther & Son, Inc. of Les Plats du Chef, a Canada-based frozen meal and snack business.

Royal Greenland Seafood A/S

Acted for Royal Greenland Seafood A/S in connection with its investment in Canadian seafood producer Quin-Sea Fisheries Limited.

Selex Sistemi Integrati S.P.A.

Acted for Selex ES Ltd in connection with its acquisition of TTI Tactical Technologies Inc., a developer and service provider of electronic warfare simulation software for the international electronic warfare market.

Artmetco Inc.

Acted in connection with the sale of Artmetco Inc., a manufacturer specialized in metal fabrication, based in St. Laurent, Québec, with operations in China.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its acquisition by Endo Health Solutions Inc. in a stock and cash transaction valued at approximately $3 billion.

Jesta Capital Group

Acted for Jesta Capital Group in connection with its acquisition of the Fox Mobile Group, the wireless entertainment division of News Corporation.

Vista Equity Partners III, LLC

Acted for Vista Equity Partners portfolio companies in connection with (i) an acquisition by Aptean, Inc., a leading provider of enterprise software solutions and a Vista Equity portfolio company, of the Government & Enterprise Management Solutions Division from StarDyne Technologies Inc.; and (ii) an acquisition by PowerSchool Group LLC, the leading education technology platform for K-12 and another Vista Equity portfolio company, of the SRB Education Solutions Division of StarDyne Technologies Inc.

New Look Vision Group Inc.

Acted for New Look Vision Group Inc. in connection with its acquisition of retail optical outlets.

Knight Therapeutics Inc.

Acting regularly for Knight Therapeutics Inc. in connection with distribution, license and supply agreements.

Amcor Limited

Acted for Amcor Limited in connection with its US$114.8-million acquisition of AGI-Shorewood's tobacco packaging operations in China, Mexico, South Korea and the United States. This deal was selected as Corporate/Strategic Acquisition of the Year (Over $100mm to $1 Billion) in 2013 by The M&A Advisor.

Claridge Inc.

Acted for Claridge Inc. in connection with the sale of La Terra Fina to HP Hood LLC.

Vet Venture Capital Inc.

Acted for Vet Venture Capital Inc. in connection with its $3 million investment in Prevtec Microbia Inc.

Plusgrade L.P.

Acting regularly for Plusgrade L.P., an innovative travel technology company providing ancillary revenue opportunities to the travel industry, in connection with its SaaS and other agreements with the travel industry, including with multiple airlines.

Resolute FP Canada Inc.

Acted for Resolute FP Canada Inc., a subsidiary of Resolute Forest Products Inc., in the sale of its non-operational pulp and paper mill in Fort Frances, Ontario, to 2670568 Ontario Limited, a subsidiary of Riversedge Developments Inc.

Honeywell Venture Capital LLC

Acted for Honeywell Venture Capital LLC, one of the lead investors in a $25-million series B funding round by Attabotics, a robotics supply chain company based in Calgary.

Iris, Le Groupe Visuel (1990) Inc.

Acted for Iris, Le Groupe Visuel (1990) Inc., the optometric division of New Look Vision Group Inc., in its acquisition of substantially all of the assets of the Darryl Sher group, which operates six retail optical clinics in Southern Ontario: Toronto, Owen Sound, Midland, Alliston, Angus and Bracebridge.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in its US$5-million secured bridge loan to Triumvira Immunologics Inc. (Triumvira) to accelerate product development and the negotiation of an exclusive licence to commercialize Triumvira's future approved products for Canada, Israel, Mexico and Colombia.

Foundation Building Materials, LLC

Acted as Canadian counsel for Foundation Building Materials, LLC (FBM) in the sale of its mechanical insulation segment to Dunes Point Capital.

IDEXX Laboratories, Inc.

Acted for IDEXX Laboratories, Inc. in its acquisition of Veterinarium Corporation, a cloud software provider for veterinary professionals.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. (Knight) in a Distribution, License and Supply Agreement with Jaguar Health, Inc.

Altus Formulation Inc.

Acted for Altus Formulation Inc., in various matters, including pertaining to the exclusive licensing and commercialization of the Flexitab Product Portfolio by Searchlight Pharma Inc.

Claridge Inc.

Acted for Claridge Inc. in its strategic partnership with 49th Parallel Roasters Inc., a British Columbia based specialty grade coffee company.

Bentley Systems, Incorporated

Acted for Bentley Systems, Incorporated, a leading global provider of comprehensive infrastructure software solutions, in its acquisition of AIworx Inc., a Québec City based provider of machine learning and Internet of Things technologies and services.

GAEA Grand Holdings Limited

Acted for GAEA Grand Holdings Limited, a leading global interactive entertainment company, in its investment in Behaviour Interactive Inc.

PelicanCorp Pty Ltd.

Acted as counsel to Australia-based PelicanCorp in its acquisition of TelDig Inc., a Québec-based provider of damage-prevention software solutions doing business across Canada and the United States.

Explorance Inc.

Acted for Explorance in its acquisition, as well as the financing of the acquisition, from Gartner, Inc., of Metrics That Matter, a leading provider of learning and development data and analytics solutions for the corporate market.

CHAMP Private Equity Pty. Limited

Acted as Canadian counsel for CHAMP Private Equity Pty. Limited in its acquisition of Cell Care and its subsidiary Insception Biosciences Inc., a consumer health company with operations across Australia and Canada that collects, processes and stores umbilical cord stem cells.

Resolute Forest Products

Acted for Fibrek Recycling US Inc., a subsidiary of Resolute Forest Products Inc., in the sale of its recycled bleached kraft pulp mill in Fairmont, West Virginia to ND Fairmont LLC, a subsidiary of Nine Dragons Paper (Holdings) Limited.

eStruxture Holdings Inc.

Acted for eStruxture Data Centers in its acquisition of Backbone Datavault, a Vancouver-based colocation provider, by way of an asset purchase.

Alstom Transport Canada Inc.

Acted for Alstom Transport Canada Inc. in connection with the supply of light rail vehicles for the Greater Toronto and Hamilton Area, to Metrolinx, an agency of the Government of Ontario, for a value of $529 million.

BELLUS Health Inc.

Acted for BELLUS Heath Inc. in connection with the out-licensing of its rights to VIVIMIND and BLU8499 to FB Health S.p.A.

BELLUS Health Inc.

Acted for BELLUS Health Inc. in connection with its partnership with AmorChem to develop drug candidates for AL Amyloidosis.

Vista Equity Partners III

Acted as Canadian counsel for Vista Equity Partners in connection with its acquisition of Qualcomm Inc.'s North and Latin American transportation and logistics business, Omnitracs Inc., for US$800 million.

Speaking Engagement

Chair, American Bar Association, Business Law Section Annual Meeting, “Staying Private Longer: Why Go Public?”; Washington, D.C.

Sept. 13, 2019

Speaking Engagement

American Bar Association, Private Equity and M&A Subcommittee, “Canadian and U.S. Cross-Border Private Equity Panel Discussion”; Vancouver, BC

Mar. 29, 2019

Speaking Engagement

New York State Bar Association, International Section, “Artificial Intelligence and Cybersecurity in the M&A Industry”; Montréal, QC

Oct. 25, 2018

Bulletin

Rewards Programs May Be Covered by Québec Consumer Protection Legislation

Mar. 06, 2017 - On February 22, 2017, Bill 791: An Act to amend the Consumer Protection Act in order to regulate rewards program contracts (Proposed Amendment) was introduced as a private member’s bill in the Québec National Assembly. The Proposed Amendment extends the scope of the Québec Consumer...

Bulletin

Amendments to English Signage Requirements in Québec

Dec. 01, 2016 - On November 24, 2016, the Regulation to amend the Regulation respecting the language of commerce and business (Rules) came into force. The Rules come in the wake of Québec (Procureure générale) v Magasins Best Buy ltée. In Best Buy, the Québec Court of Appeal ruled that...

Bulletin

Digital Privacy Act

July 02, 2015 - On June 18, 2015, the Digital Privacy Act (Act) came into effect, amending the Personal Information Protection and Electronic Documents Act (PIPEDA) and implementing significant amendments to the private sector privacy regime. The amendments include the expansion of the Privacy...

Bulletin

Cryptocurrency: More Than Just Money?

June 20, 2014 - The topic of cryptocurrency has transcended niche discussion and is currently gaining mainstream interest or, at least, curiosity, turning arcane technological jargon into household buzzwords after only a few years of existence. Some have dubbed Bitcoin the “Napster of finance”, i.e. a...

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Mergers and Acquisitions

The Best Lawyers in Canada—Information Technology; Leveraged Buyouts and Private Equity Law; Mergers and Acquisitions

Bar Admissions

Québec, 2003

Education

Université de Montréal, LLB (Excellence in Intellectual Property Award), 2002
John Molson School of Business, Concordia University, MBA, 2002
McGill University, MSc (Physiology), 1999
McGill University, BSc (Physiology) (with Distinction), 1997

Professional Affiliations

American Bar Association

Community Involvement

American Bar Association, Private Equity and Venture Capital Committee, CLE co-chair
American Bar Association, Private Equity M&A Subcommittee

Clients turn to Elliot for his keen business sense and his ability to find novel solutions to complex problems.

Elliot represents Canadian and international private equity firms, as well as market-leading companies – both public and private – in their mergers and acquisitions, financings, private equity and venture capital deals, and licensing transactions. A strategic and experienced adviser, Elliot is regularly called upon by clients to act on their business-critical transactions. Elliot’s graduate degrees in both business and science give him a unique perspective on corporate matters, including intellectual property and information technology. As a result, he is frequently asked to provide counsel on complex business and legal issues for high tech, life science and retail companies.

Elliot is the coordinator of the Corporate practice in our Montréal office and is also a member of our Technology, Talent Management and Professional Development committees.

New Look Vision Group Inc.

Acted for New Look Vision Group Inc. in its $120-million acquisition, by way of plan of arrangement, of Iris, le groupe visuel (1990) Inc., which has a network of 147 retail locations across Québec, British Columbia, Alberta, Ontario and New Brunswick. The purchase was financed through various arrangements, including an increase of New Look's senior secured term facility with its bank syndicate, a new junior unsecured debt facility and an equity private placement.

Claridge Inc.

Acted for Claridge Inc. in connection with its sale to C.H. Guenther & Son, Inc. of Les Plats du Chef, a Canada-based frozen meal and snack business.

Royal Greenland Seafood A/S

Acted for Royal Greenland Seafood A/S in connection with its investment in Canadian seafood producer Quin-Sea Fisheries Limited.

Selex Sistemi Integrati S.P.A.

Acted for Selex ES Ltd in connection with its acquisition of TTI Tactical Technologies Inc., a developer and service provider of electronic warfare simulation software for the international electronic warfare market.

Artmetco Inc.

Acted in connection with the sale of Artmetco Inc., a manufacturer specialized in metal fabrication, based in St. Laurent, Québec, with operations in China.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its acquisition by Endo Health Solutions Inc. in a stock and cash transaction valued at approximately $3 billion.

Jesta Capital Group

Acted for Jesta Capital Group in connection with its acquisition of the Fox Mobile Group, the wireless entertainment division of News Corporation.

Vista Equity Partners III, LLC

Acted for Vista Equity Partners portfolio companies in connection with (i) an acquisition by Aptean, Inc., a leading provider of enterprise software solutions and a Vista Equity portfolio company, of the Government & Enterprise Management Solutions Division from StarDyne Technologies Inc.; and (ii) an acquisition by PowerSchool Group LLC, the leading education technology platform for K-12 and another Vista Equity portfolio company, of the SRB Education Solutions Division of StarDyne Technologies Inc.

New Look Vision Group Inc.

Acted for New Look Vision Group Inc. in connection with its acquisition of retail optical outlets.

Knight Therapeutics Inc.

Acting regularly for Knight Therapeutics Inc. in connection with distribution, license and supply agreements.

Amcor Limited

Acted for Amcor Limited in connection with its US$114.8-million acquisition of AGI-Shorewood's tobacco packaging operations in China, Mexico, South Korea and the United States. This deal was selected as Corporate/Strategic Acquisition of the Year (Over $100mm to $1 Billion) in 2013 by The M&A Advisor.

Claridge Inc.

Acted for Claridge Inc. in connection with the sale of La Terra Fina to HP Hood LLC.

Vet Venture Capital Inc.

Acted for Vet Venture Capital Inc. in connection with its $3 million investment in Prevtec Microbia Inc.

Plusgrade L.P.

Acting regularly for Plusgrade L.P., an innovative travel technology company providing ancillary revenue opportunities to the travel industry, in connection with its SaaS and other agreements with the travel industry, including with multiple airlines.

Resolute FP Canada Inc.

Acted for Resolute FP Canada Inc., a subsidiary of Resolute Forest Products Inc., in the sale of its non-operational pulp and paper mill in Fort Frances, Ontario, to 2670568 Ontario Limited, a subsidiary of Riversedge Developments Inc.

Honeywell Venture Capital LLC

Acted for Honeywell Venture Capital LLC, one of the lead investors in a $25-million series B funding round by Attabotics, a robotics supply chain company based in Calgary.

Iris, Le Groupe Visuel (1990) Inc.

Acted for Iris, Le Groupe Visuel (1990) Inc., the optometric division of New Look Vision Group Inc., in its acquisition of substantially all of the assets of the Darryl Sher group, which operates six retail optical clinics in Southern Ontario: Toronto, Owen Sound, Midland, Alliston, Angus and Bracebridge.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in its US$5-million secured bridge loan to Triumvira Immunologics Inc. (Triumvira) to accelerate product development and the negotiation of an exclusive licence to commercialize Triumvira's future approved products for Canada, Israel, Mexico and Colombia.

Foundation Building Materials, LLC

Acted as Canadian counsel for Foundation Building Materials, LLC (FBM) in the sale of its mechanical insulation segment to Dunes Point Capital.

IDEXX Laboratories, Inc.

Acted for IDEXX Laboratories, Inc. in its acquisition of Veterinarium Corporation, a cloud software provider for veterinary professionals.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. (Knight) in a Distribution, License and Supply Agreement with Jaguar Health, Inc.

Altus Formulation Inc.

Acted for Altus Formulation Inc., in various matters, including pertaining to the exclusive licensing and commercialization of the Flexitab Product Portfolio by Searchlight Pharma Inc.

Claridge Inc.

Acted for Claridge Inc. in its strategic partnership with 49th Parallel Roasters Inc., a British Columbia based specialty grade coffee company.

Bentley Systems, Incorporated

Acted for Bentley Systems, Incorporated, a leading global provider of comprehensive infrastructure software solutions, in its acquisition of AIworx Inc., a Québec City based provider of machine learning and Internet of Things technologies and services.

GAEA Grand Holdings Limited

Acted for GAEA Grand Holdings Limited, a leading global interactive entertainment company, in its investment in Behaviour Interactive Inc.

PelicanCorp Pty Ltd.

Acted as counsel to Australia-based PelicanCorp in its acquisition of TelDig Inc., a Québec-based provider of damage-prevention software solutions doing business across Canada and the United States.

Explorance Inc.

Acted for Explorance in its acquisition, as well as the financing of the acquisition, from Gartner, Inc., of Metrics That Matter, a leading provider of learning and development data and analytics solutions for the corporate market.

CHAMP Private Equity Pty. Limited

Acted as Canadian counsel for CHAMP Private Equity Pty. Limited in its acquisition of Cell Care and its subsidiary Insception Biosciences Inc., a consumer health company with operations across Australia and Canada that collects, processes and stores umbilical cord stem cells.

Resolute Forest Products

Acted for Fibrek Recycling US Inc., a subsidiary of Resolute Forest Products Inc., in the sale of its recycled bleached kraft pulp mill in Fairmont, West Virginia to ND Fairmont LLC, a subsidiary of Nine Dragons Paper (Holdings) Limited.

eStruxture Holdings Inc.

Acted for eStruxture Data Centers in its acquisition of Backbone Datavault, a Vancouver-based colocation provider, by way of an asset purchase.

Alstom Transport Canada Inc.

Acted for Alstom Transport Canada Inc. in connection with the supply of light rail vehicles for the Greater Toronto and Hamilton Area, to Metrolinx, an agency of the Government of Ontario, for a value of $529 million.

BELLUS Health Inc.

Acted for BELLUS Heath Inc. in connection with the out-licensing of its rights to VIVIMIND and BLU8499 to FB Health S.p.A.

BELLUS Health Inc.

Acted for BELLUS Health Inc. in connection with its partnership with AmorChem to develop drug candidates for AL Amyloidosis.

Vista Equity Partners III

Acted as Canadian counsel for Vista Equity Partners in connection with its acquisition of Qualcomm Inc.'s North and Latin American transportation and logistics business, Omnitracs Inc., for US$800 million.

Speaking Engagement

Chair, American Bar Association, Business Law Section Annual Meeting, “Staying Private Longer: Why Go Public?”; Washington, D.C.

Sept. 13, 2019

Speaking Engagement

American Bar Association, Private Equity and M&A Subcommittee, “Canadian and U.S. Cross-Border Private Equity Panel Discussion”; Vancouver, BC

Mar. 29, 2019

Speaking Engagement

New York State Bar Association, International Section, “Artificial Intelligence and Cybersecurity in the M&A Industry”; Montréal, QC

Oct. 25, 2018

Bulletin

Rewards Programs May Be Covered by Québec Consumer Protection Legislation

Mar. 06, 2017 - On February 22, 2017, Bill 791: An Act to amend the Consumer Protection Act in order to regulate rewards program contracts (Proposed Amendment) was introduced as a private member’s bill in the Québec National Assembly. The Proposed Amendment extends the scope of the Québec Consumer...

Bulletin

Amendments to English Signage Requirements in Québec

Dec. 01, 2016 - On November 24, 2016, the Regulation to amend the Regulation respecting the language of commerce and business (Rules) came into force. The Rules come in the wake of Québec (Procureure générale) v Magasins Best Buy ltée. In Best Buy, the Québec Court of Appeal ruled that...

Bulletin

Digital Privacy Act

July 02, 2015 - On June 18, 2015, the Digital Privacy Act (Act) came into effect, amending the Personal Information Protection and Electronic Documents Act (PIPEDA) and implementing significant amendments to the private sector privacy regime. The amendments include the expansion of the Privacy...

Bulletin

Cryptocurrency: More Than Just Money?

June 20, 2014 - The topic of cryptocurrency has transcended niche discussion and is currently gaining mainstream interest or, at least, curiosity, turning arcane technological jargon into household buzzwords after only a few years of existence. Some have dubbed Bitcoin the “Napster of finance”, i.e. a...

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Mergers and Acquisitions

The Best Lawyers in Canada—Information Technology; Leveraged Buyouts and Private Equity Law; Mergers and Acquisitions

Bar Admissions

Québec, 2003

Education

Université de Montréal, LLB (Excellence in Intellectual Property Award), 2002
John Molson School of Business, Concordia University, MBA, 2002
McGill University, MSc (Physiology), 1999
McGill University, BSc (Physiology) (with Distinction), 1997

Professional Affiliations

American Bar Association

Community Involvement

American Bar Association, Private Equity and Venture Capital Committee, CLE co-chair
American Bar Association, Private Equity M&A Subcommittee