Sarbjit S. Basra

Partner

Sarbjit S. Basra

Sarbjit S. Basra

Partner

“Our go-to private equity guy. He does a lot of fund formation, structuring PE deals, and he has good practical insight into how to market deals.” (Client – Chambers Global 2014)

Clients rely on Sarb’s expertise and strategic thinking to find solutions to their complex business initiatives – whether structuring a private equity fund or leading an M&A transaction.

Sarb is highly regarded for his creative, practical advice and understanding of market terms for private equity and venture funds. For over two decades, Canada’s leading private equity firms and institutions have trusted him for ongoing advice on fund formation, the creation of pooled investment vehicles and investment transactions – both in Canada and internationally.

Sarb is a key adviser to governments on the establishment of private sector–led funds of funds designed to spark venture capital investment from the private sector. He has, for example, advised the Department of Finance Canada on the formation of four funds of funds as part of its Venture Capital Action Plan.

Sarb is a member of our Management Committee.

Sarbjit S. Basra

Partner

“Our go-to private equity guy. He does a lot of fund formation, structuring PE deals, and he has good practical insight into how to market deals.” (Client – Chambers Global 2014)

Clients rely on Sarb’s expertise and strategic thinking to find solutions to their complex business initiatives – whether structuring a private equity fund or leading an M&A transaction.

Sarb is highly regarded for his creative, practical advice and understanding of market terms for private equity and venture funds. For over two decades, Canada’s leading private equity firms and institutions have trusted him for ongoing advice on fund formation, the creation of pooled investment vehicles and investment transactions – both in Canada and internationally.

Sarb is a key adviser to governments on the establishment of private sector–led funds of funds designed to spark venture capital investment from the private sector. He has, for example, advised the Department of Finance Canada on the formation of four funds of funds as part of its Venture Capital Action Plan.

Sarb is a member of our Management Committee.

The Manufacturers Life Insurance Company

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.

Beringer Capital

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

Altas Partners

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

Altas Partners

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

Waterton Nevada Splitter, LLC

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.

ONCAP Investment Partners

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

TriWest Capital Partners

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

Birch Hill Equity Partners

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

Nunavut Iron Ore Acquisition Inc.

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.

Northleaf Capital Partners (Canada) Limited

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.

Dundee Securities Corporation

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

500 Startups

Acting for 500 Startups in connection with the formation of its first Canadian venture capital seed fund.

Northleaf Capital Partners

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.

Department of Finance Canada

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.

Western Forest Products Inc.

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.

Paymentus Corporation

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.

Dundee Securities Corporation

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

Dundee Securities Corporation and Scotia Capital 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.

Government of Ontario

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

Jinchuan Group Ltd.

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.

Chambers Canada : Canada’s Leading Lawyers for Business—Private Equity: Fund Formation (Band 1)

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

The Canadian Legal Lexpert Directory—Private Equity (Most Frequently Recommended); Corporate/Commercial; Corporate Mid-Market; Corporate Finance and Securities

The Best Lawyers in Canada—Private Funds Law (Lawyer of the Year 2017, Toronto); Corporate Law; Leveraged Buyouts and Private Equity Law

Who’s Who Legal: Canada—Private Funds (Most Highly Regarded); Who’s Who Legal: Private Funds—Formation

Expert Guides—Private Equity

Bar Admissions

Ontario, 1994

Education

Osgoode Hall Law School, LLB, 1992
University of Alberta, BComm, 1992

Professional Affiliations

Canadian Venture Capital and Private Equity Association

Teaching Engagements

Sarb has taught the business law segment of the Law Society of Upper Canada’s Bar Admission Course. He has also presented a seminar on advanced corporate law at the Queen’s University Faculty of Law.