Davies

Sarbjit S. Basra

Sarb Basra is a partner in the Capital Markets, Corporate/Commercial, Mergers & Acquisitions, Private Equity and India practices. He is experienced in a variety of transactions, including purchases and sales of businesses, reorganizations, financings from private and public capital sources and strategic alliances.

Sarb has extensive experience in fund formation and private equity investment transactions, and has represented fund sponsors and principals in connection with the establishment and structuring of private equity funds and other pooled investment vehicles. He has also been involved in many complex and challenging circumstances facing private equity funds, including early termination events.

Sarb is a member of the firm's Management Committee.

Representative Work

  • Acted for The Manufacturers Life Insurance Company in connection with its acquisition of a 49% interest in Q Management LP, the multi-family asset and property management entity of Conundrum Capital Corporation.

  • Acted for Beringer Capital in connection with its acquisition of AdWeek.

  • Acted for Altas Partners in connection with its investments in St. George's University and Capital Vision Services.

  • Acted for Altas Partners in connection with the establishment of Altas Partners LP, Altas' first private equity fund.

  • Acted as counsel to Waterton Nevada Splitter, LLC, a wholly owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, in connection with the acquisition of the Mt. Hamilton gold project from Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Inc.

  • Acted for ONCAP Investment Partners in connection with the formation of ONCAP III, an $800 million private equity fund.

  • Acted for TriWest Capital Partners in connection with the formation of TriWest IV, a $350 million private equity fund.

  • Acted for Birch Hill Equity Partners in connection with the formation of Birch Hill Equity Partners IV, a $1.04 billion private equity fund.

  • Acted for Nunavut Iron Ore Acquisition Inc. and The Energy and Minerals Group in takeover bid proceedings at the Ontario Securities Commission in connection with their unsolicited takeover bid for Baffinland Iron Mines Corporation, and their subsequent successful joint bid with ArcelorMittal, in a transaction valued at $590 million. Nunavut succeeded in its efforts to cease trade the Shareholders Rights Plan of Baffinland, and as a result was able to proceed with its unsolicited bid.

  • Acted for Northleaf Capital Partners in the transition from an operationally independent TD Bank subsidiary to a fully independent global private equity firm. Northleaf's predecessor, TD Capital Private Equity Investors, was the private equity fund of funds and co-investment arm of TD Bank Financial Group, one of North America's leading financial institutions.

  • Acted for Dundee Securities Corporation in connection with a bought deal private placement of units of Bellhaven Copper & Gold Inc.

  • Acted for Northleaf Capital Partners in connection with the establishment of a US$1.4-billion Northleaf global private credit program and Northleaf's related acquisition, through a new Northleaf-managed investment fund, of a 16% equity stake in Antares Holdings from CPPIB Credit Investments Inc.

  • Acted for the federal Department of Finance in connection with Canada's Venture Capital Action Plan, a comprehensive strategy for deploying $400 million in new capital over the next 7 to 10 years, including the establishment of four private sector fund of funds with private sector investors. With their initial closings in 2014/2015, Northleaf Venture Catalyst Fund accepted commitments of $233 million, Teralys Capital Innovation Fund accepted commitments of $279 million, Kensington Venture Fund accepted commitments of  $160 million and HarbourVest Canada Growth Fund accepted commitments of  $218 million.

  • Acted for the Special Committee of Western Forest Products Inc. in connection with the $95 million secondary offering of shares of Western Forest Products by Brookfield Special Situations Management Limited.

  • Acted for Paymentus Corporation, a leading electronic bill payment, presentment and customer communication technology and services company, in connection with an equity investment by Accel-KKR, a technology-focused private equity investment firm.

  • Acted for a syndicate of underwriters led by Dundee Securities Corporation in connection with a private placement of units of Aldridge Minerals Inc.

  • Acted for a syndicate of underwriters led by Dundee Securities Corporation and Scotia Capital Inc. in connection with private placement of common shares of Candente Copper Corp.

  • Acted for the Province of Ontario in the formation of the $205-million Ontario Venture Capital Fund.

  • Acted for Jinchuan Group Ltd., a Chinese state-controlled corporation and the largest producer of cobalt, nickel and platinum group metals in China, in its $214-million all-cash takeover bid for Tyler Resources Inc.

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Recognition

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  • Named Toronto Private Funds Law Lawyer of the Year 2017 in The Best Lawyers in Canada.
  • Recognized in The Best Lawyers in Canada in the area of Private Funds Law.
  • Recognized in Who's Who Legal: Private Funds as a leading business law practitioner.
  • Recognized in Expert Guides' Guide to the World's Leading Banking, Finance and Transactional Lawyers as a top legal practitioner in private equity.
  • Recognized in The Canadian Legal Lexpert Directory as a most frequently recommended lawyer in the area of Private Equity and a repeatedly recommended lawyers in the areas of Corporate/Commercial, Corporate Finance & Securities and Corporate Mid-Market.
  • Recognized in the Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada as one of 20 corporate lawyers to watch.
  • Recognized in the Lexpert special edition Canada's Leading Corporate Lawyers.

Professional Affiliations

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Canadian Venture Capital and Private Equity Association

Board Memberships

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Community Involvement

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Teaching Engagements

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Sarb has taught the business law segment of the Law Society of Upper Canada's Bar Admission Course. He was also a Special Lecturer in the Faculty of Law at Queen's University, where he taught a seminar on advanced corporate law.

Speaking Engagements

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Articles and Publications

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Sarb is the co-author of Private Equity in Canada: Recent Developments and Selected Issues.

Srabjit Basra
Sarbjit Basra
Partner
Office:
Toronto
Tel:
416.367.6926
Email:
sbasra@dwpv.com
Bar Admissions:

Ontario, 1994

Education:

Osgoode Hall Law School, LL.B., 1992

University of Alberta, B. Comm., 1992