Hillel W. Rosen

Partner

Hillel W. Rosen

Hillel W. Rosen

Partner

“He is extraordinarily pragmatic and service-oriented. And I doubt there’s a lawyer in Canada that has his experience and expertise.” (Client – Chambers Canada 2017)

For more than 20 years, Hillel has been a key adviser to leading Canadian and foreign companies on their transactional matters. Clients in diverse sectors, including commercial real estate, energy and life science, value his thorough understanding of their businesses, his responsiveness and his pragmatic approach to challenging and time-sensitive transactions.

As a client says, “He brings a comprehensive approach to an issue and is not afraid to challenge us on the way we’re approaching something. It is a refreshing and appreciated way of working.” (Chambers Global 2016)

Hillel’s expertise in real estate financing and transactions, renewable energy projects and business acquisitions transcends borders. Clients regularly choose him for their ongoing real estate development transactions and as lead counsel in their global M&A activities.

Hillel is a former long-standing member of our Management Committee.

Hillel W. Rosen

Partner

“He is extraordinarily pragmatic and service-oriented. And I doubt there’s a lawyer in Canada that has his experience and expertise.” (Client – Chambers Canada 2017)

For more than 20 years, Hillel has been a key adviser to leading Canadian and foreign companies on their transactional matters. Clients in diverse sectors, including commercial real estate, energy and life science, value his thorough understanding of their businesses, his responsiveness and his pragmatic approach to challenging and time-sensitive transactions.

As a client says, “He brings a comprehensive approach to an issue and is not afraid to challenge us on the way we’re approaching something. It is a refreshing and appreciated way of working.” (Chambers Global 2016)

Hillel’s expertise in real estate financing and transactions, renewable energy projects and business acquisitions transcends borders. Clients regularly choose him for their ongoing real estate development transactions and as lead counsel in their global M&A activities.

Hillel is a former long-standing member of our Management Committee.

Kimco Realty Corporation

Acted for Kimco Realty Corporation in connection with the sale of its interests in 22 shopping centres to RioCan Real Estate Investment Trust for a purchase price of $715 million.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited with respect to the establishment of a joint venture by a consortium comprised of The Cadillac Fairview Corporation Limited, Canderel, the Fonds immobilier de solidarité FTQ and the Club de hockey Canadien. Representing the joint venture in connection with the development of Tour des Canadiens 2, a new 49 storey residential condominium building to be located across from the Bell Centre in the heart of downtown Montréal.

Kimco Realty Corporation

Acted for Kimco Realty Corporation, as part of separate joint ventures, in its acquisition of interests in three Canadian shopping centres comprising 377,000 square feet for USD $113.6 million, including $47.9 million of mortgage debt.

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.

Knight Therapeutics Inc.

Acted for a wholly owned subsidiary of Knight Therapeutics Inc., in the US$125 million cash sale of its Neglected Tropical Disease Priority Review Voucher, which was granted by the U.S. Food and Drug Administration with the approval of Impavidor (miltefosine) for treatment of patients with visceral, mucosal and cutaneous leishmaniasis, to Gilead Sciences, Inc.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. (RES), part of the St-Laurent Énergies consortium, consisting of EDF Énergies Nouvelles, Hydromega Services Inc. and RES, which was awarded five wind farm projects by Hydro-Québec Distribution representing a total capacity of 954 MW. These five projects represent a total anticipated investment in excess of $2 billion.

Partners Real Estate Investment Trust

Acted for Partners Real Estate Investment Trust in connection with its acquisition of two retail properties in Montréal and a portfolio of four retail properties located in the cities of Montréal, Sorel, Saint-Rémi and Repentigny in the province of Québec for a total purchase price of $98,885,500.

Waste Management of Canada Corporation

Acted for WM Québec Inc., an affiliate of Waste Management, Inc., a leading provider of comprehensive waste management services in North America, in connection with the acquisition of the RCI Group, the leading integrated waste management group in the Province of Québec.

Faubourg Boisbriand Shopping Centre Holdings Inc.

Acted for Faubourg Boisbriand Shopping Centre Holdings Inc. (a partnership among Kimco Realty Corporation, Sun Life Assurance Company of Canada and Sterling (Canada) Inc./North American (Boisbriand) Corporation) in its $92.6 million refinancing of the Faubourg Boisbriand lifestyle retail complex.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in connection with its $180-million bought deal private placement of special warrants.

Knight Therapeutics Inc.

Acting for Knight Therapeutics Inc. in connection with its $75-million bought deal private placement of special warrants.

Paladin Labs

Acted for Paladin Labs in connection with its strategic partnership with South Africa's Litha Healthcare Group, whereby Paladin merged its South Africa based Pharmaplan subsidiary with Litha. Paladin became Litha's largest shareholder.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with the acquisition of Bioniche Life Sciences Inc.'s debt facility with Capital Royalty Partners II L.P. and its affiliates for approximately US$22 million, the entering into of an amended loan agreement whereby Paladin Labs Inc. provided an additional US$8-million facility and the entering into of a licensing agreement for Bioniche Life Sciences Inc.'s bladder cancer product.

Kimco Realty Corporation

Acted for Kimco North Trust III, an indirect wholly-owned entity of Kimco Realty Corporation, in connection with its offering of $200 million unsecured notes on a private placement basis in Canada.

Blue Property Holdings L.P.

Acted for The Cadillac Fairview Corporation Limited with respect to the establishment of a joint venture by a consortium comprising The Cadillac Fairview Corporation Limited, Canderel and Club de hockey Canadien. Davies is representing the joint venture in the development of Tour des Canadiens 3, a new 55-storey residential condominium building to be located across from the Bell Centre in the heart of downtown Montréal, and in the establishment of its co-ownership with Tour des Canadiens 2.

Tour des Canadiens 2 S.E.C.

Acted for Tour des Canadiens 2 S.E.C. regarding a $150-million construction facility by a consortium of lenders for the construction financing of Tour des Canadiens 2 in Montréal, Québec. Tour des Canadiens 2 S.E.C. is a limited partnership, whose direct and indirect partners include The Cadillac Fairview Corporation Limited, Ontario Teachers' Pension Plan Board, Canderel, CH Group Limited Partnership and Fonds Immobilier de Solidarité FTQ Inc.

Kimco Realty Corporation

Acted for Kimco Realty Corporation in connection with the sale by its affiliates of co-ownership interests and partnership interests in a portfolio of 18 shopping centres located in Alberta and British Columbia to Anthem Properties Group Ltd. for $413 million dollars.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in connection with the sale by Synergy Strips Corp of the U.S. rights to Neuragenr, an innovative OTC product that helps relieve pain caused by diabetic nerve damage. Knight retains Canadian rights and ex-U.S. global rights to Neuragenr.

Paladin Labs Inc.

Advised Paladin Labs Inc., an operating company of Endo International plc, on an exclusive distribution agreement with Nasdaq-listed ARIAD Pharmaceuticals Inc. for the distribution of Iclusigr in Canada for its newly approved indications.

Kimco Realty Corporation

Acted for Kimco Realty Corp. in connection with the sale of its 50% interest in Tillicum, a 468,533-square foot shopping centre located in Victoria, British Columbia, to RioCan REIT at a net purchase price of $58.9 million along with a possible future consideration to Kimco based on additional potential residential density.

Oceanwide Inc.

Acted for Oceanwide Inc., a Montréal based insurance software firm, in connection with the sale of its business to Insurity Inc., a provider of core insurance processing and data integration and analysis solutions, based in Hartford, Connecticut.

Kimco Realty Corporation

Acted for Kimco Realty Corporation and certain of its wholly owned subsidiaries in connection with Kimco's sale of its interest in Brentwood Village in Calgary, Alberta and Grand Park in Mississauga, Ontario to RioCan Real Estate Investment Trust for an aggregate purchase price of $87.5 million, and Kimco's acquisition of RioCan's interest in Montgomery Plaza in Fort Worth, Texas for a purchase price of US$58.3 million.

Endo International plc

Acted for Endo International plc in connection with its US$2.6 billion acquisition of Auxilium Pharmaceuticals Inc.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. (RES) in connection with a financing arrangement with Pattern Energy. This transaction involved arrangements between RES and Pattern Energy concerning six wind farm development bids being made in response to an RFP by Hydro-Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its unsolicited takeover bid for Canmarc Real Estate Investment Trust, valued at approximately $904 million.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its acquisition of Labopharm Inc. by way of a Court-sanctioned plan of arrangement.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its unsolicited takeover bid for Afexa Life Sciences Inc.

Arrow Electronics

Acted for Arrow Electronics in the acquisition of the RF, Wireless and Power Division of Richardson Electronics, Ltd., the leading global component distributor and provider of engineered solutions on the global radio frequency and wireless communications market.

Paladin Labs. Inc

Acted for Paladin Labs Inc. in connection with its acquisition of the Tempra line of products in Canada from Bristol-Myers Squibb.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. in connection with its sale of interests in seven wind farm projects in the province of Québec totalling 1003.2 MW.

Paladin Labs Inc.

Acted for Paladin Labs Inc., in connection with a $40.25-million bought deal financing.

Time Inc.

Acted as Canadian counsel for Time Inc. in its acquisition of QSP, Inc., in the United States, and Quality Service Products Inc., in Canada, from The Readers Digest Association Inc. in a transaction valued at US$110 million.

Guide

Investment Canada Act: Guide for Foreign Investors in Canada, 2017 Edition

Sept. 21, 2017 - The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the Investment Canada Act (ICA), Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how...

Guide

Investment Canada Act: Guide for Foreign Investors in Canada, 2016 Edition

June 08, 2016 - The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the ICA, Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how it is applied. Topics addressed...

In the News

Dealmakers adapt to U.S. tax-inversion restrictions – Lexpert

Apr. 29, 2016 - In a Lexpert article exploring how advance knowledge of the U.S. Treasury Department’s anti-inversion regulations has lessened their impact, Davies partner Hillel Rosen discusses the M&A boom in life sciences. “We’re reading about inversion, but the real story is that M&A is the new ...

Bulletin

Canadian Government Announces Changes to Foreign Investment Review Regime

Mar. 26, 2015 - On March 25, 2015, the Canadian government announced that it would implement long-awaited changes to Canada’s foreign investment review regime under the Investment Canada Act (ICA). These changes will significantly alter the threshold used in most transactions to determine whether foreign...

Bulletin

Top Competition and Foreign Investment Review Trends for 2015

Jan. 15, 2015 - Our top Canadian competition and foreign investment review trends to watch for in 2015 reflect a confluence of key themes. In particular, developments are unfolding in a regulatory environment in which the administration and enforcement of the Competition Act and Investment Canada...

Chambers Canada: Canada’s Leading Lawyers for Business—Corporate/Commercial: Québec; Life Sciences

IFLR1000: The Guide to The World’s Leading Financial Law Firms—Mergers and Acquisitions

The Legal 500 Canada—Real Estate (Recommended)

Report on Business/Lexpert Special Edition Canada’s Leading Corporate Lawyers

Report on Business/Lexpert Special Edition Canada’s Leading Energy Lawyers

Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada—Mergers and Acquisitions

The Canadian Legal Lexpert Directory—Corporate Mid-Market

The Best Lawyers in Canada—Banking and Finance Law; Corporate Law; Mergers and Acquisitions Law; Real Estate Law

Bar Admissions

Québec, 1988

Education

University of Oxford, MA, 1987
McGill University, BCL/LLB (Double Gold Medallist), 1985

Board Memberships

Jewish Public Library, honorary director
Montréal YMHA, director

Community Involvement

McGill University Faculty of Law, Advisory Board

“He is extraordinarily pragmatic and service-oriented. And I doubt there’s a lawyer in Canada that has his experience and expertise.” (Client – Chambers Canada 2017)

For more than 20 years, Hillel has been a key adviser to leading Canadian and foreign companies on their transactional matters. Clients in diverse sectors, including commercial real estate, energy and life science, value his thorough understanding of their businesses, his responsiveness and his pragmatic approach to challenging and time-sensitive transactions.

As a client says, “He brings a comprehensive approach to an issue and is not afraid to challenge us on the way we’re approaching something. It is a refreshing and appreciated way of working.” (Chambers Global 2016)

Hillel’s expertise in real estate financing and transactions, renewable energy projects and business acquisitions transcends borders. Clients regularly choose him for their ongoing real estate development transactions and as lead counsel in their global M&A activities.

Hillel is a former long-standing member of our Management Committee.

Kimco Realty Corporation

Acted for Kimco Realty Corporation in connection with the sale of its interests in 22 shopping centres to RioCan Real Estate Investment Trust for a purchase price of $715 million.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited with respect to the establishment of a joint venture by a consortium comprised of The Cadillac Fairview Corporation Limited, Canderel, the Fonds immobilier de solidarité FTQ and the Club de hockey Canadien. Representing the joint venture in connection with the development of Tour des Canadiens 2, a new 49 storey residential condominium building to be located across from the Bell Centre in the heart of downtown Montréal.

Kimco Realty Corporation

Acted for Kimco Realty Corporation, as part of separate joint ventures, in its acquisition of interests in three Canadian shopping centres comprising 377,000 square feet for USD $113.6 million, including $47.9 million of mortgage debt.

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.

Knight Therapeutics Inc.

Acted for a wholly owned subsidiary of Knight Therapeutics Inc., in the US$125 million cash sale of its Neglected Tropical Disease Priority Review Voucher, which was granted by the U.S. Food and Drug Administration with the approval of Impavidor (miltefosine) for treatment of patients with visceral, mucosal and cutaneous leishmaniasis, to Gilead Sciences, Inc.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. (RES), part of the St-Laurent Énergies consortium, consisting of EDF Énergies Nouvelles, Hydromega Services Inc. and RES, which was awarded five wind farm projects by Hydro-Québec Distribution representing a total capacity of 954 MW. These five projects represent a total anticipated investment in excess of $2 billion.

Partners Real Estate Investment Trust

Acted for Partners Real Estate Investment Trust in connection with its acquisition of two retail properties in Montréal and a portfolio of four retail properties located in the cities of Montréal, Sorel, Saint-Rémi and Repentigny in the province of Québec for a total purchase price of $98,885,500.

Waste Management of Canada Corporation

Acted for WM Québec Inc., an affiliate of Waste Management, Inc., a leading provider of comprehensive waste management services in North America, in connection with the acquisition of the RCI Group, the leading integrated waste management group in the Province of Québec.

Faubourg Boisbriand Shopping Centre Holdings Inc.

Acted for Faubourg Boisbriand Shopping Centre Holdings Inc. (a partnership among Kimco Realty Corporation, Sun Life Assurance Company of Canada and Sterling (Canada) Inc./North American (Boisbriand) Corporation) in its $92.6 million refinancing of the Faubourg Boisbriand lifestyle retail complex.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in connection with its $180-million bought deal private placement of special warrants.

Knight Therapeutics Inc.

Acting for Knight Therapeutics Inc. in connection with its $75-million bought deal private placement of special warrants.

Paladin Labs

Acted for Paladin Labs in connection with its strategic partnership with South Africa's Litha Healthcare Group, whereby Paladin merged its South Africa based Pharmaplan subsidiary with Litha. Paladin became Litha's largest shareholder.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with the acquisition of Bioniche Life Sciences Inc.'s debt facility with Capital Royalty Partners II L.P. and its affiliates for approximately US$22 million, the entering into of an amended loan agreement whereby Paladin Labs Inc. provided an additional US$8-million facility and the entering into of a licensing agreement for Bioniche Life Sciences Inc.'s bladder cancer product.

Kimco Realty Corporation

Acted for Kimco North Trust III, an indirect wholly-owned entity of Kimco Realty Corporation, in connection with its offering of $200 million unsecured notes on a private placement basis in Canada.

Blue Property Holdings L.P.

Acted for The Cadillac Fairview Corporation Limited with respect to the establishment of a joint venture by a consortium comprising The Cadillac Fairview Corporation Limited, Canderel and Club de hockey Canadien. Davies is representing the joint venture in the development of Tour des Canadiens 3, a new 55-storey residential condominium building to be located across from the Bell Centre in the heart of downtown Montréal, and in the establishment of its co-ownership with Tour des Canadiens 2.

Tour des Canadiens 2 S.E.C.

Acted for Tour des Canadiens 2 S.E.C. regarding a $150-million construction facility by a consortium of lenders for the construction financing of Tour des Canadiens 2 in Montréal, Québec. Tour des Canadiens 2 S.E.C. is a limited partnership, whose direct and indirect partners include The Cadillac Fairview Corporation Limited, Ontario Teachers' Pension Plan Board, Canderel, CH Group Limited Partnership and Fonds Immobilier de Solidarité FTQ Inc.

Kimco Realty Corporation

Acted for Kimco Realty Corporation in connection with the sale by its affiliates of co-ownership interests and partnership interests in a portfolio of 18 shopping centres located in Alberta and British Columbia to Anthem Properties Group Ltd. for $413 million dollars.

Knight Therapeutics Inc.

Acted for Knight Therapeutics Inc. in connection with the sale by Synergy Strips Corp of the U.S. rights to Neuragenr, an innovative OTC product that helps relieve pain caused by diabetic nerve damage. Knight retains Canadian rights and ex-U.S. global rights to Neuragenr.

Paladin Labs Inc.

Advised Paladin Labs Inc., an operating company of Endo International plc, on an exclusive distribution agreement with Nasdaq-listed ARIAD Pharmaceuticals Inc. for the distribution of Iclusigr in Canada for its newly approved indications.

Kimco Realty Corporation

Acted for Kimco Realty Corp. in connection with the sale of its 50% interest in Tillicum, a 468,533-square foot shopping centre located in Victoria, British Columbia, to RioCan REIT at a net purchase price of $58.9 million along with a possible future consideration to Kimco based on additional potential residential density.

Oceanwide Inc.

Acted for Oceanwide Inc., a Montréal based insurance software firm, in connection with the sale of its business to Insurity Inc., a provider of core insurance processing and data integration and analysis solutions, based in Hartford, Connecticut.

Kimco Realty Corporation

Acted for Kimco Realty Corporation and certain of its wholly owned subsidiaries in connection with Kimco's sale of its interest in Brentwood Village in Calgary, Alberta and Grand Park in Mississauga, Ontario to RioCan Real Estate Investment Trust for an aggregate purchase price of $87.5 million, and Kimco's acquisition of RioCan's interest in Montgomery Plaza in Fort Worth, Texas for a purchase price of US$58.3 million.

Endo International plc

Acted for Endo International plc in connection with its US$2.6 billion acquisition of Auxilium Pharmaceuticals Inc.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. (RES) in connection with a financing arrangement with Pattern Energy. This transaction involved arrangements between RES and Pattern Energy concerning six wind farm development bids being made in response to an RFP by Hydro-Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its unsolicited takeover bid for Canmarc Real Estate Investment Trust, valued at approximately $904 million.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its acquisition of Labopharm Inc. by way of a Court-sanctioned plan of arrangement.

Paladin Labs Inc.

Acted for Paladin Labs Inc. in connection with its unsolicited takeover bid for Afexa Life Sciences Inc.

Arrow Electronics

Acted for Arrow Electronics in the acquisition of the RF, Wireless and Power Division of Richardson Electronics, Ltd., the leading global component distributor and provider of engineered solutions on the global radio frequency and wireless communications market.

Paladin Labs. Inc

Acted for Paladin Labs Inc. in connection with its acquisition of the Tempra line of products in Canada from Bristol-Myers Squibb.

Renewable Energy Systems Canada Inc.

Acted for Renewable Energy Systems Canada Inc. in connection with its sale of interests in seven wind farm projects in the province of Québec totalling 1003.2 MW.

Paladin Labs Inc.

Acted for Paladin Labs Inc., in connection with a $40.25-million bought deal financing.

Time Inc.

Acted as Canadian counsel for Time Inc. in its acquisition of QSP, Inc., in the United States, and Quality Service Products Inc., in Canada, from The Readers Digest Association Inc. in a transaction valued at US$110 million.

Guide

Investment Canada Act: Guide for Foreign Investors in Canada, 2017 Edition

Sept. 21, 2017 - The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the Investment Canada Act (ICA), Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how...

Guide

Investment Canada Act: Guide for Foreign Investors in Canada, 2016 Edition

June 08, 2016 - The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the ICA, Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how it is applied. Topics addressed...

In the News

Dealmakers adapt to U.S. tax-inversion restrictions – Lexpert

Apr. 29, 2016 - In a Lexpert article exploring how advance knowledge of the U.S. Treasury Department’s anti-inversion regulations has lessened their impact, Davies partner Hillel Rosen discusses the M&A boom in life sciences. “We’re reading about inversion, but the real story is that M&A is the new ...

Bulletin

Canadian Government Announces Changes to Foreign Investment Review Regime

Mar. 26, 2015 - On March 25, 2015, the Canadian government announced that it would implement long-awaited changes to Canada’s foreign investment review regime under the Investment Canada Act (ICA). These changes will significantly alter the threshold used in most transactions to determine whether foreign...

Bulletin

Top Competition and Foreign Investment Review Trends for 2015

Jan. 15, 2015 - Our top Canadian competition and foreign investment review trends to watch for in 2015 reflect a confluence of key themes. In particular, developments are unfolding in a regulatory environment in which the administration and enforcement of the Competition Act and Investment Canada...

Chambers Canada: Canada’s Leading Lawyers for Business—Corporate/Commercial: Québec; Life Sciences

IFLR1000: The Guide to The World’s Leading Financial Law Firms—Mergers and Acquisitions

The Legal 500 Canada—Real Estate (Recommended)

Report on Business/Lexpert Special Edition Canada’s Leading Corporate Lawyers

Report on Business/Lexpert Special Edition Canada’s Leading Energy Lawyers

Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada—Mergers and Acquisitions

The Canadian Legal Lexpert Directory—Corporate Mid-Market

The Best Lawyers in Canada—Banking and Finance Law; Corporate Law; Mergers and Acquisitions Law; Real Estate Law

Bar Admissions

Québec, 1988

Education

University of Oxford, MA, 1987
McGill University, BCL/LLB (Double Gold Medallist), 1985

Board Memberships

Jewish Public Library, honorary director
Montréal YMHA, director

Community Involvement

McGill University Faculty of Law, Advisory Board