Clients count on Kim for excellent service and advice that combine strong technical expertise with a business-minded approach.
With a practice focusing on corporate tax planning, Kim advises on the tax aspects of mergers and acquisitions, corporate reorganizations, corporate finance, partnerships, trusts, real estate and cross-border transactions. She works with companies of all sizes, across all industry sectors. Kim also advocates for clients to resolve tax disputes with the Canada Revenue Agency.
Acted for Fortis Inc. in connection with its $500-million direct registered offering of common shares to a U.S. institutional investor. The shares were sold pursuant to a cross-border shelf prospectus filed by Fortis under the multi-jurisdictional disclosure system.
RBC Capital Markets and Scotiabank
Acted for the syndicate of underwriters, led by RBC Capital Markets and Scotiabank, in connection with a US$166-million bought deal public offering of common shares of New Gold Inc. The net proceeds from the offering were used to finance the completion of the construction of the Rainy River gold project in Ontario, Canada.
TIO Networks Corp.
Acting 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.
Syndicate of underwriters, led by CIBC Capital Markets and RBC Capital Markets
Acted as Canadian counsel for a syndicate of underwriters, managed by CIBC World Markets Inc., Jefferies Securities, Inc., RBC Dominion Securities Inc. and Robert W. Baird & Co. Incorporated, in connection with the $125-million initial public offering and secondary offering of an aggregate of 10,900,000 Class A subordinate voting shares of Freshii Inc., a Canadian healthy fast-casual franchise. The offering was the first Canadian initial public offering on the Toronto Stock Exchange in 2017.
Acted for Fortis Inc. in connection with its $500-million public offering, by way of prospectus supplement, of 2.85% senior unsecured notes due 2023. Fortis established its first cross-border shelf prospectus on November 30, 2016, using the multijurisdictional disclosure system.
BMO Capital Markets and CIBC World Markets Inc.
Acted for a syndicate of underwriters co-led by BMO Capital Markets and CIBC World Markets Inc. in connection with a $193-million bought deal public offering of trust units of Milestone Apartments Real Estate Investment Trust. The REIT intends to use the proceeds from the offering to fund a portion of the purchase price for its US$242-million acquisition of a portfolio of six multi-family properties.
Acted for Fortis Inc. in connection with its US$2 billion notes offering under Rule 144A with registration rights in the United States. The net proceeds will be used to finance a portion of the cash consideration for the previously announced acquisition of ITC Holdings Corp.
DAK Americas LLC
Acted for DAK Americas LLC, a producer of PET (polyethylene terephthalate) resins, in connection with its acquisition of a controlling interest in Selenis Canada from IMG Group. Selenis Canada operates a PET plant in Montréal.
Acted for Fortis Inc. in connection with the US$1.2-billion sale of a 19.9% interest in ITC Holdings Corp. to GIC, a sovereign wealth fund of the Government of Singapore.
USKAL Corporation LLC and the Serruya Family
Acted as tax counsel to USKAL Corporation LLC and the Serruya Family in connection with the sale of Kahala Brands, Ltd., which operates 18 brands at 2,800 fast-food locations in 27 countries, to MTY Food Group Inc. for US$310 million.
Fintech TIO Networks to Be Acquired by PayPal for C$304 Million
Mar. 09, 2017 - Davies is advising the Special Committee of the board of directors of TIO Networks Corp., a leading North American cloud-based multi-channel bill payment processor, in its acquisition by PayPal Holdings, Inc. TIO accelerates PayPal’s entry into bill payments with 14 million consumer bill pay...
Canadian Taxation of Trusts, co-author
Dec. 31, 2016 - (Toronto: Canadian Tax Foundation)
Non-Resident Trusts: Selected Interpretive and Planning Issues – Part II, co-author
Dec. 31, 2016 - Canadian Tax Journal, Vol. 64, No. 3
Davies Partners Author Tax Book for the Canadian Tax Foundation
Dec. 05, 2016 - Davies congratulates partners Elie Roth, Tim Youdan, Chris Anderson and Kim Brown on the release of their new book, Canadian Taxation of Trusts, published by the Canadian Tax Foundation. The book documents and clarifies recent legislative, judicial and administrative developments in the taxation of...
Non-Resident Trusts: Selected Interpretive and Planning Issues – Part I, co-author
Nov. 30, 2016 - Canadian Tax Journal, Vol. 64, No. 2
Fortis Completes Acquisition of ITC for US$11.3 Billion
Oct. 14, 2016 - Davies advised Fortis Inc. in its US$11.3-billion acquisition of ITC Holdings Corp., the largest independent electric transmission company in the United States. This transformative transaction, structured as a cash and share exchange merger, made Fortis a top-15 North American utility. In...
2016 Federal Budget: Tax Highlights
Mar. 22, 2016 - The new Liberal government’s first budget (Budget 2016) has been the subject of anticipation and speculation, much of it apprehensive. Unusually, Budget 2016 is noteworthy for what it does not contain. Budget 2016 does not introduce changes to increase the tax rate on employee stock option...
Fortis Enters into Agreement to Acquire ITC for US$11.3 Billion
Feb. 09, 2016 - Davies is acting for Fortis Inc. in connection with its US$11.3-billion acquisition of ITC Holdings Corp., the largest independent electric transmission company in the United States. Fortis is a leader in the North American electric and gas utility business, serving more than three million...
Stericycle, Inc., to Acquire Shred-it International for US$2.3 Billion
July 23, 2015 - Davies is acting as Canadian counsel for Stericycle, Inc., in its acquisition of Shred-it International, a Canadian-based global secure information destruction services provider, for US$2.3 billion in cash. Stericycle, Inc., a U.S. -based company operating in 13 countries, focuses on compliance and...
Canadian Tax Foundation, annual conference workshop, “Dealing with Mistakes in a Tax Practice”
Nov. 01, 2013