Jessica Bullock

Partner

Jessica Bullock

Jessica Bullock

Partner

Jessica uses her deep knowledge of pensions, benefits and executive compensation structures to provide clients with strategic and practical solutions for their most complex business arrangements. She is recognized for her ability to adapt, both proactively and reactively, in a dynamic regulatory environment.

Clients rely on Jessica’s advice in their challenging mergers, acquisitions and insolvencies. She advises on intricate issues relating to pension plan investments and administration, on the design and implementation of executive compensation arrangements and on sensitive employment issues.

Her clients – large Canadian and U.S. public issuers, private equity funds and pension funds – trust her ability to understand their business objectives. In deal and non-deal contexts, they appreciate her pragmatic advice, down-to-earth approach and sophisticated understanding of their issues.

Jessica provides pro bono legal services to Own the Podium and the Canadian Foundation for AIDS Research and is an active mentor for Young Women in Law.

Jessica Bullock

Partner

Jessica uses her deep knowledge of pensions, benefits and executive compensation structures to provide clients with strategic and practical solutions for their most complex business arrangements. She is recognized for her ability to adapt, both proactively and reactively, in a dynamic regulatory environment.

Clients rely on Jessica’s advice in their challenging mergers, acquisitions and insolvencies. She advises on intricate issues relating to pension plan investments and administration, on the design and implementation of executive compensation arrangements and on sensitive employment issues.

Her clients – large Canadian and U.S. public issuers, private equity funds and pension funds – trust her ability to understand their business objectives. In deal and non-deal contexts, they appreciate her pragmatic advice, down-to-earth approach and sophisticated understanding of their issues.

Jessica provides pro bono legal services to Own the Podium and the Canadian Foundation for AIDS Research and is an active mentor for Young Women in Law.

United Steelworkers Union

Acting as co-counsel on behalf of the United Steelworkers Union in connection with the restructuring of Stelco Inc. under the Companies' Creditors Arrangement Act and the establishment of Legacy Lands L.P.

TIO Networks Corp.

Acted for the Special Committee of the board of directors of TIO Networks Corp., in connection with its $304-million acquisition by PayPal Holdings, Inc. TIO is a North American cloud-based multi-channel bill payment processing and receivables management company.

HP Inc.

Acting as Canadian counsel to HP Inc., a world leader in printing, in connection with its US$1.05-billion acquisition of the printer business from Samsung Electronics Co., Ltd.

Vista Equity Partners III, LLC

Acted for Vista Equity Partners portfolio companies in connection with (i) an acquisition by Aptean, 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.

PPG Canada Inc.

Acted for PPG Industries in connection with its agreement to sell the assets of its flat glass manufacturing and glass coating operations to Vitro S.A.B. de C.V., a leading producer of flat glass and specialty products, for approximately US$750 million in gross cash proceeds.

Amcor Rigid Plastics USA, Inc.

Acted for Amcor Rigid Plastics USA, Inc. in connection with its US$280-million acquisition of the North American rigid plastics blow molding operations of Sonoco Products Company, a global packaging company based in the United States.

Panolam Industries International, Inc.

Acted as Canadian counsel to Panolam Industries International, Inc., a portfolio company of funds managed by affiliates of Apollo Global Management, LLC, in connection with its acquisition by Insight Equity Management Company LLC, a leading middle market private equity firm.

Unique Fabricating, Inc.

Acted as Canadian counsel to Unique Fabricating, Inc. in connection with its $27.5-million acquisition of all of the assets of Intasco Corporation and all of the outstanding capital stock of Intasco-USA Inc., Intasco's U.S. affiliate, and in connection with a related US$62-million senior credit facility.

Management Shareholders of Give and Go Prepared Foods Corp.

Acted for the Management Shareholders of Give and Go Prepared Foods Corp., a market leader in the North American bakery industry, in connection with its sale by OMERS Private Equity and Management Shareholders to Thomas H. Lee Partners, L.P.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc., the leader in the Canadian convenience store industry, in connection with its $1.68-billion acquisition of 279 Esso-branded fuel and convenience sites; 229 of these sites are located in Ontario and 50 are located in Québec. The acquisition also includes land banks and dealer-operated sites, as well as a long-term supply agreement with Imperial Oil.

McKesson Corporation

Acted for McKesson Corporation, a leading international healthcare services and information technology company, in connection with its $3-billion acquisition of Rexall and Rexall Pharma Plus, which operate approximately 470 pharmacies in Canada, from Katz Group, one of Canada's largest privately owned enterprises.

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.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners in its acquisition of Advance Engineered Products Ltd.'s tank production and services business under a sale proceeding conducted pursuant to the Companies' Creditors Arrangement Act. The assets purchased also include the mobile vacuum systems business carried on under the Westech Vac Systems name and the metal fabrication and machining business carried on under the Dumur Industries name.

First Quality Enterprises, Inc.

Acted as Canadian counsel to First Quality Enterprises, Inc., and its affiliates in connection with the acquisition of Fempro I Inc. and related companies.

The MANN+HUMMEL Group

Acted as Canadian counsel to The MANN+HUMMEL Group of Ludwigsburg, Germany, in connection with its acquisition of the global filtration operations (excluding the South American operations) of Affinia Group for a purchase price of approximately US$1.335 billion (US$513 million for the equity and the assumption of US$822 million of debt).

Fortis Inc.

Acted for Fortis Inc. in connection with its sale to Energy Ottawa Inc. of 10 run-of-river hydroelectric facilities located in Ontario and New York State representing 31 megawatts of installed operating capacity.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners in connection with its investment in Alliance Corporation, a distributor and manufacturer of products and solutions for North American wireless, broadband, broadcast and wireline networks.

Birch Hill Equity Partners

Acted for Birch Hill Equity Partners and Sleep Country Canada in connection with the $300-million initial public offering of common shares of Sleep Country Canada Holdings Inc. and in connection with a new $175-million senior secured credit facility. The proceeds of the initial public offering were used to acquire Sleep Country Canada Inc.

Airboss of America Corp.

Acted for AirBoss of America Corp. in connection with its acquisition of Immediate Response Technologies, LLC, a privately owned U.S. company that is a leading provider of personal protection and safety products, for an initial purchase price of approximately US$37 million with additional contingent payments of up to approximately US$25 million.

Bentall Kennedy (Canada) Limited Partner

Acted for the Bentall Kennedy Group, a premier real estate investment management firm operating in Canada and the United States, in its acquisition by Sun Life Financial Inc. for a purchase price of $560 million.

Zoom Media Group Inc.

Acted for Zoom Media Group Inc. in the sale of its non-fitness indoor advertising business (consisting of campus, fashion, business, medical and golf networks) to Newad Media Inc. and in the acquisition of Newad Media Inc.'s fitness indoor advertising business.

Mitchell Goldhar, SmartCentres and Walmart

Acted for Mitchell Goldhar, SmartCentres and Walmart in connection with the sale of the SmartCentres platform to Calloway REIT for $1.16 billion.

Birch Hill Equity Partners

Acted for Birch Hill Equity Partners in connection with its investment in Sigma Systems, a Toronto-based communications software company.

Fortis Inc.

Acted for Fortis Inc. (Fortis) and Fortis Properties Corporation (FPC) in connection with the sale by FPC of its commercial real estate portfolio to Slate Office REIT for $430 million.  The portfolio comprises 2.8 million square feet of leasable space located in Newfoundland, New Brunswick and Nova Scotia and includes the Delta Brunswick hotel in Saint John.  Davies also acted for Fortis in connection with its related $35 million investment in trust units of Slate Office REIT.

Square, Inc. and Square Canada Inc.

Acted as Canadian counsel to Square, Inc. and Square Canada Inc. in the acquisition of assets of Kili Technologies, a Canadian developer of silicon, electronics and software that simplify and optimize payment processing.

Central National-Gottesman Inc.

Acted for Central National-Gottesman Inc., a global distributor of pulp, paper and forestry products, and its subsidiary Spicers Canada ULC in connection with the acquisition of the assets and business of Spicers Canada Limited, a distributor of fine paper, sign and display media, industrial packaging and graphic arts supplies, headquartered in Vaughan, Ontario and with locations across Canada, and the related financing with Bank of America, N.A. (Canada branch), as agent.

Deutsche Bank Securities Inc., RBC Capital Markets, LLC, CIBC World Markets Corp. and Imperial Capital, LLC

Acted as Canadian counsel for the initial purchasers, Deutsche Bank Securities Inc., RBC Capital Markets, LLC, CIBC World Markets Corp. and Imperial Capital, LLC, in a US$375-million private placement of senior secured notes due 2019 issued by Tembec Industries Inc., a wholly-owned subsidiary of Tembec Inc.

Fortress Investment Group, LLC and Holiday Retirement

Acted for Fortress Investment Group, LLC and Holiday Retirement in connection with the sale of 29 Canadian senior living communities to Ventas, Inc.

Burger King Worldwide, Inc.

Acted for Burger King Worldwide, Inc. in connection with its acquisition of Tim Hortons Inc. for approximately US$12.5 billion, the related financing, which involved a US$3-billion preferred equity investment from Berkshire Hathaway Inc., a secured US$7.25-billion credit facility and a private placement of US$2.25 billion of second lien secured notes, and an associated tender offer for Tim Hortons' outstanding US$1.2 billion of debt securities. This transaction resulted in the creation of Restaurant Brands International, a new global company headquartered in Canada, and the third-largest quick service restaurant in the world with approximately US$23 billion in system sales and over 18,000 restaurants in 100 countries. The transaction was recognized as Global M&A Deal of the Year: Canada by The American Lawyer's 2015 Global Legal Awards.

Marlin Equity Partners

Acted as Canadian counsel to global investment firm Marlin Equity Partners in connection with its acquisition of the Arcserve division from CA Technologies. Arcserve is a leading global provider of data protection software solutions with offices in 30 countries.

TransMontaigne Inc.

Acted as Canadian counsel for TransMontaigne Inc., a US oil pipeline and terminal company, in connection with the sale of Canterm Canadian Terminals Inc., a company with two distribution terminals for the storage and handling of refined products in Montréal and Québec City, to Royal Vopak, the world's largest independent liquid bulk tank storage service by capacity.

Diversified Global Asset Management Corporation

Acted for Diversified Global Asset Management Corporation, a global manager of hedge funds with more than $6.7 billion in managed and advised assets, in its acquisition by The Carlyle Group. 

Bureau Veritas SA

Acted for Bureau Veritas SA in connection with its $650-million acquisition of Maxxam Analytics International Corporation.

New Look Eyewear Inc.

Acted for New Look Vision Group Inc. in connection with its acquisition of all the assets and business of Vogue Optical Inc. New Look financed the acquisition through new credit facilities and the private placement of subscription receipts.

In the News

Legal Post: Employers Need to Take a Look at the OSC’s Whistleblower Program

Sept. 09, 2016 - An article in the September 6, 2016, Legal Post focused on the Ontario Securities Commission’s new whistleblower program and how it affects employers. The piece acknowledged and quoted from a recent client communication written by Davies lawyer Jessica Bullock. Jessica’s insights are originally...

Bulletin

The OSC Whistleblower Program and Employment Agreements

Aug. 29, 2016 - On July 14, 2016, the Ontario Securities Commission (OSC) launched the Office of the Whistleblower, the first paid whistleblower program by a securities regulator in Canada. The OSC whistleblower program offers compensation of up to C$5 million to individuals who come forward with tips on ...

Speaking Engagement

Institute and Faculty of Actuaries, International Pension and Employee Benefits Lawyers Association, IACA, PBSS, and IAAHS Joint Conference, “Pension (& Benefits?) Aspects of Cross-Border M&A”; St. John’s, NL

June 28, 2016

Speaking Engagement

The Association of Canadian Pension Management, Pensions Conference, “Defined Benefit Plans: Why Are We Moving Away from Them? What Are We Leaving Behind?” (co-presented with Malcolm Hamilton, Senior Fellow, C.D. Howe Institute; Jim Keohane, president and CEO, Healthcare of Ontario Pension Plan; and Jeff Richardson, staff representative, United Steelworkers); Toronto, ON

Dec. 01, 2015

Speaking Engagement

The Canadian Institute, Canadian Workplace Pensions Forum, “Meeting Your Fiduciary Duties” post-conference master class; Toronto, ON

Sept. 30, 2015

In the News

Focus: Employers’ Counsel Unhappy with Navistar Pension Ruling – Law Times

Aug. 25, 2015 - In a Law Times article detailing the Divisional Court’s July 2015 decision in Navistar Canada Inc. v. Superintendent of Financial Services, Davies partner Jessica Bullock outlines some concerns regarding the ruling, which requires Navistar to include certain former employees in...

Speaking Engagement

International Pension & Employee Benefits Law Association, 15th International Conference, “Pension Pitfalls in Cross Border M&A” and “Changing World of Deferred Compensation”; Brussels, Belgium; May 17 to 20, 2015

May 17, 2015

Speaking Engagement

Federated Press, 18th Executive Compensation Course, “Compensation Governance: Opportunities and Risks for Directors”; Toronto, ON

Mar. 25, 2015

Speaking Engagement

Osgoode Hall Law School, Board of Directors 6735, “The Compensation Committee and the Board’s Role in Executive Compensation”; Toronto, ON

Feb. 19, 2015

Speaking Engagement

The Association of Canadian Pension Management, Pensions Conference, “The Impacts of Older Workers on the Workplace and Pension and Benefits Design”; Toronto, ON

Dec. 09, 2014

Lexpert Rising Stars: Leading Lawyers Under 40

The Canadian Legal Lexpert Directory—Pensions & Employee Benefits: Employer

The Best Lawyers in Canada—Employee Benefits Law

Lexpert Zenith Award—Innovative Student Program—Non-Law-Student Innovation

Winner of the Tony Thurman Award for best international pension paper published between 2007 and 2009 (“Plan Sponsors and Service Providers—Allocating Risks and Responsibilities”)

Bar Admissions

Ontario, 2008
Alberta, 2003

Education

Peter A. Allard School of Law, University of British Columbia, LLB, 2002
University of Victoria, BSc, 1999

Professional Affiliations

Canadian Bar Association

Community Involvement

Association of Canadian Pension Management, Ontario Regional Council
Canada Revenue Agency, Pension Advisory Committee
Canadian Bar Association, Pensions and Benefits Section, Professional Development Committee, chair
Canadian Foundation for AIDS Research
Own the Podium
Young Women in Law, mentor

Teaching Engagements

Jessica is a co-lecturer on pension law at the University of Toronto Faculty of Law. Jessica also teaches the Corporation Transactions section of the Osgoode Hall Law School’s Professional Development’s Certificate in Pension Law program.