Sébastien Thériault

Partner

Sébastien Thériault

Sébastien Thériault

Partner

Sébastien works in close partnership with domestic and international clients to provide business-minded and creative solutions for their merger and acquisition, private equity and financing matters.

He advises on complex and high-profile cross-border and domestic mergers and acquisitions, joint ventures, investments and financing matters for a wide variety of clients, including private and public companies, and private equity and venture capital funds. Clients across diverse industries, such as retail, manufacturing, energy and clean technology, turn to him for his practical and business-minded advice.

Sébastien regularly advises clients on fund formation and private equity investment transactions in Canada and abroad. Institutional and strategic investors can rely on Sebastien’s wealth of knowledge and good sense of market trends.

Sébastien also has particular expertise in working with clients through all stages of their real estate transactions, from negotiation to financing. He acts as lead counsel on a number of significant financing transactions, including acquisition, asset-based, mezzanine, project and real estate financing and cross-border syndicated facilities. He has acted as key adviser in a number of transformative REIT transactions.

Sébastien Thériault

Partner

Sébastien works in close partnership with domestic and international clients to provide business-minded and creative solutions for their merger and acquisition, private equity and financing matters.

He advises on complex and high-profile cross-border and domestic mergers and acquisitions, joint ventures, investments and financing matters for a wide variety of clients, including private and public companies, and private equity and venture capital funds. Clients across diverse industries, such as retail, manufacturing, energy and clean technology, turn to him for his practical and business-minded advice.

Sébastien regularly advises clients on fund formation and private equity investment transactions in Canada and abroad. Institutional and strategic investors can rely on Sebastien’s wealth of knowledge and good sense of market trends.

Sébastien also has particular expertise in working with clients through all stages of their real estate transactions, from negotiation to financing. He acts as lead counsel on a number of significant financing transactions, including acquisition, asset-based, mezzanine, project and real estate financing and cross-border syndicated facilities. He has acted as key adviser in a number of transformative REIT transactions.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. (ACT) in its strategic investment in Fire & Flower Holdings Corp., a leading independent cannabis retailer based in Edmonton, Alberta, to (i) purchase $25,989,985.42 principal amount of 8% convertible unsecured debentures and (ii) be issued three series of share purchase warrants, which, if exercised in full, would subsequently increase ACT's ownership interest to 50.1% on a fully diluted basis.

Cycle Capital Management (CCM) Inc.

Acted for Cycle Capital Management (CCM) Inc. in the formation of a $300 million fund which will invest in clean tech companies at the commercialization stage.

Alimentation Couche-Tard Inc.

Acted for MC Cannabis Inc., an affiliate of Alimentation Couche-Tard Inc., in connection with agreements with one of the winners of the Alcohol and Gaming Commission of Ontario's Expression of Interest Application Lottery conducted on January 11, 2019, which will operate a "Tweed-branded" retail store in the city of London, Ontario.

Alimentation Couche-Tard Inc.

Acted for MC Cannabis Inc., an affiliate of Alimentation Couche-Tard Inc., in connection with the negotiation and structuring of a multi-year agreement with Tweed Franchise Inc., an affiliate of Canopy Growth Corporation, to launch Tweed-branded cannabis retail stores in Ontario.

Caisse de dépôt et placement du Québec

Acted for Caisse de dépôt et placement du Québec in connection with its investment in iNovia Growth Fund L.P., a new investment fund focused on growth stage Communication Technology (ICT) opportunities.

Novacap Investments Inc.

Acting for Novacap Investments Inc. in the formation and fundraising of its latest fund, Novacap Industries V, L.P., a private equity fund focusing on the industrial and manufacturing sectors, as well as in services, distribution and retail sales platforms.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in the sale of 13 gas stations and retail sites to Irving Oil Limited in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.

Confidential client

Acted for a U.S. state retirement system in its joint venture with a real estate development company for the acquisition of various industrial properties in Ontario.

Cominar Real Estate Investment Trust

Acted for Cominar REIT in the sale of non-core property assets to Slate Acquisitions Inc. for $1.14 billion.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. in the creation of Qingdao Chengtou Haisi Cycle Equity Investment Fund, a $125-million technology venture capital fund.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in an offering of US$900 million principal amount of senior unsecured notes on a private placement basis in the United States.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in a new US$4.3-billion three-year credit facility made available to Couche-Tard to finance its acquisition, by way of merger, of the Texas-based gas-and-convenience store chain, CST Brands, Inc.

BMO Nesbitt Burns Inc.

Acted for the Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which together have committed bank facilities of $3.4 billion to finance the cash portion of Metro Inc.'s $4.5 billion acquisition of The Jean Coutu Group Inc.

Novacap Management Inc.

Acted for Novacap Management Inc. in the formation and fundraising of Novacap TMT V, L.P. and Novacap International TMT V, L.P., an $840-million private equity fund in the technology, media and telecommunications sector in Canada.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with its private offerings of (i) US$2.5 billion principal amount of senior unsecured notes in the United States; and (ii) C$700 million principal amount of senior unsecured notes in Canada.

Phoenix Partners Management Inc.

Acted for Phoenix Partners Management Inc. in connection with (i) the creation of Phoenix Partners Fund I, L.P., first private equity fund of Phoenix Partners; (ii) the acquisition by 9356-0126 Québec Inc., a subsidiary of Phoenix Partners Fund I, L.P., of Les Industries Bernard & Fils Ltée, a Québec company in the maple syrup industry; (iii) the co-investment by Fonds de solidarité des travailleurs du Québec (F.T.Q.) for the acquisition; and (iv) the partial financing of the acquisition by the National Bank of Canada.

Caisse de dépôt et placement du Québec

Acted for Caisse de dépôt et placement du Québec in connection with an investment of $1.9 billion in SNC-Lavalin Group Inc. to finance a portion of the acquisition by SNC-Lavalin of all the share capital of WS Atkins plc. The Caisse's investment is structured as (i) a loan of $1.5 billion, secured by the value and cash flows of SNC-Lavalin's interest in the Highway 407 ETR project; and (ii) a subscription of approximately $400 million in subscription receipts of SNC-Lavalin.

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.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with (1) its acquisition of, by way of merger, the Texas-based gas-and-convenience-store chain CST Brands, Inc., valued at approximately US$4.4 billion; and (2) Alimentation Couche-Tard Inc.'s subsequent sale of a portion of CST Brands, Inc.'s Canadian assets to Parkland Fuel Corporation for approximately US$750 million, subject to adjustments.

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.

Revera Inc.

Acted for Revera Inc. and Welltower Inc. in connection with the acquisition of Regal Lifestyle Communities Inc.

Grafton-Fraser Inc.

Acted for Grafton-Fraser Inc., the owner and operator of Tip Top Tailors, in its acquisition, through a wholly owned subsidiary, of the Canadian retail assets of Jones Apparel (Canada) Ltd., a women's apparel retailer of the Jones New York brand.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with an offering of $700-million principal amount of 3.60% Series 5 senior unsecured notes due 2025, on a private placement basis in Canada.

Alimentation Couche-Tard inc.

Acted for Alimentation Couche-Tard Inc. in connection with its acquisition of U.S.-based The Pantry, Inc. for approximately US$1.7 billion including assumed debt and the financing of such acquisition.

Novacap Industries IV, L.P.

Acted for Novacap Industries IV, L.P. in connection with its investment of more than $165 million in Knowlton Development Corporation, together with institutional partners, including the Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC) and Fondaction CSN.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap Industries IV, L.P. and Novacap International Industries IV, L.P., a $425-million private equity fund focusing on the industrial and manufacturing sectors, as well as in services, distribution and retail sales platforms. The fund had a $300-million initial closing.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap TMT IV, L.P. and Novacap International TMT IV, L.P., a $375-million private equity fund in the technology, media and telecommunications (TMT) sector in Canada.

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.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the acquisition of Centre Rockland from Ivanhoé Cambridge for $271,685,000. Davies also represented Cominar in financing the acquisition by way of an unsecured bridge facility of up to $275 million.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust with respect to a $350 million three-year senior unsecured credit facility with National Bank of Canada serving as lead arranger and administrative agent, and a syndicate of lenders.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the $1.527-billion acquisition of a portfolio of 11 shopping centres, three office properties and one industrial property from Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec. The firm also represented Cominar in financing the acquisition, through the issuance of $250 million of trust units to Ivanhoé Cambridge by way of private placement, the issuance of $250 million of trust units to the public by way of a bought deal, the establishment of new unsecured bridge facilities of up to $850 million, a $100-million unsecured credit facility, and mortgage financings of $250 million.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its $100.7-million acquisition of a portfolio of 14 mainly industrial and mixed-used properties in the Greater Toronto Area from Niagara Acquisition LP.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its $228-million acquisition of a portfolio of 11 office properties in the Greater Toronto Area and in Montréal from Redbourne Realty Fund.

Revera Inc.

Acted for Revera Inc. in connection with a joint venture between Revera Inc. and Réseau Sélection which combines Revera's seven retirement residences in Québec with eleven residences owned and managed by Réseau Sélection, along with the residence "Le Cambridge" which was already owned in joint venture by Revera and Réseau Sélection.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with an offering of $300 million principal amount of 4.214% series 4 senior unsecured notes due 2020.

Purchasers of Secured Notes issued by Cogeco Cable Inc.

Acted for the purchasers of US$215 million senior secured notes due June 16, 2025 issued by Cogeco Cable Inc. to US institutional accredited investors on a private placement basis.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. in connection with the formation of Cycle Capital Fund III, L.P., a $108-million clean tech venture capital fund.

CIBC World Markets Inc.

Acted for a syndicate of underwriters led by CIBC World Markets Inc. in connection with Cogeco Cable Inc.'s public debt offering on a bought deal basis of $300 million of senior secured debentures due 2023.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its acquisition of a portfolio of 18 industrial properties primarily located on the South Shore of Montréal and one office property located in Montréal for a purchase price of $149.8 million.

Cycle-C3E, L.P

Acted for Cycle-C3E, L.P., a clean technology seed fund, in connection with its creation with an initial capitalization of $41.5 million by Investissement Québec, Fonds de solidarité des travailleurs du Québec (FTQ), FIER Partenaires, Société en Commandite, Cycle Capital II, L.P. and leading industrial partners.

Bell Canada

Acted for Bell Canada in connection with the acquisition of the hosting division of 6126472 Canada Inc. (dba Hypertec Availability Systems), Québec's leading top tier data hosting provider.

Yoplait France SAS

Acted for Yoplait France SAS, the second largest brand in fresh dairy products in the world, in connection with its acquisition of Québec-based Liberté Brand Products from its management and investment firms, Swander Pace Capital LLC and Roynat Capital Inc.

J.P. Morgan and TD Securities Inc.

Acted for the initial purchasers led by J.P. Morgan and TD Securities Inc. in connection with Air Canada's US$1.1 billion private placement offering of secured notes. The offering consisted of US$600 million of first-lien secured notes, $300 million of Canadian dollar-denominated first-lien secured notes and US$200 million of second-lien secured notes.

Laura Secord and Gordon Brothers Merchant Partners, LLC

Acted for Laura Secord and Gordon Brothers Merchant Partners, LLC in connection with the sale of Laura Secord to an affiliate of Aliments NutriArt Inc.

The Aldo Group Inc.

Acted for the Aldo Group Inc. in connection with its credit facilities.

Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec

Acted for Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec, the Initial Limited Partners, in the formation and investment in Teralys Capital Fund of Funds, L.P., a $700-million Québec-based venture capital Fund of Funds.

Mill Road Capital, L.P.

Acted for U.S.-based private equity firm Mill Road Capital, L.P. in its successful "white knight" bid for Cossette Inc. for approximately $134 million.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. on the formation of its first $80-million investment fund devoted to the clean technology and renewable energy sector, Cycle Capital Fund I, L.P.

3Ci Inc.

Acted for 3Ci Inc. in connection with the development and sale of a 156MW wind power project named Des Moulins Wind Farm located in the Thetford Mines region. The development of the project started in 2008 and continued until the sale of the project.

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Banking; Capital Markets: Debt; Investment Funds

The Legal 500 Canada—Banking and Finance (Recommended)

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

The Canadian Legal Lexpert Directory—Corporate Commercial Law

The Best Lawyers in Canada—Energy Law (Lawyer of the Year 2018, Montréal); Private Funds Law (Lawyer of the Year 2020, Montréal); Real Estate Law

Who’s Who Legal: Canada—Private Funds; Who’s Who Legal: Private Funds—Regulatory

Bar Admissions

Québec, 1997

Education

Université de Montréal, LLB, 1996

Board Memberships

Écotech Québec, director and secretary

Sébastien works in close partnership with domestic and international clients to provide business-minded and creative solutions for their merger and acquisition, private equity and financing matters.

He advises on complex and high-profile cross-border and domestic mergers and acquisitions, joint ventures, investments and financing matters for a wide variety of clients, including private and public companies, and private equity and venture capital funds. Clients across diverse industries, such as retail, manufacturing, energy and clean technology, turn to him for his practical and business-minded advice.

Sébastien regularly advises clients on fund formation and private equity investment transactions in Canada and abroad. Institutional and strategic investors can rely on Sebastien’s wealth of knowledge and good sense of market trends.

Sébastien also has particular expertise in working with clients through all stages of their real estate transactions, from negotiation to financing. He acts as lead counsel on a number of significant financing transactions, including acquisition, asset-based, mezzanine, project and real estate financing and cross-border syndicated facilities. He has acted as key adviser in a number of transformative REIT transactions.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. (ACT) in its strategic investment in Fire & Flower Holdings Corp., a leading independent cannabis retailer based in Edmonton, Alberta, to (i) purchase $25,989,985.42 principal amount of 8% convertible unsecured debentures and (ii) be issued three series of share purchase warrants, which, if exercised in full, would subsequently increase ACT's ownership interest to 50.1% on a fully diluted basis.

Cycle Capital Management (CCM) Inc.

Acted for Cycle Capital Management (CCM) Inc. in the formation of a $300 million fund which will invest in clean tech companies at the commercialization stage.

Alimentation Couche-Tard Inc.

Acted for MC Cannabis Inc., an affiliate of Alimentation Couche-Tard Inc., in connection with agreements with one of the winners of the Alcohol and Gaming Commission of Ontario's Expression of Interest Application Lottery conducted on January 11, 2019, which will operate a "Tweed-branded" retail store in the city of London, Ontario.

Alimentation Couche-Tard Inc.

Acted for MC Cannabis Inc., an affiliate of Alimentation Couche-Tard Inc., in connection with the negotiation and structuring of a multi-year agreement with Tweed Franchise Inc., an affiliate of Canopy Growth Corporation, to launch Tweed-branded cannabis retail stores in Ontario.

Caisse de dépôt et placement du Québec

Acted for Caisse de dépôt et placement du Québec in connection with its investment in iNovia Growth Fund L.P., a new investment fund focused on growth stage Communication Technology (ICT) opportunities.

Novacap Investments Inc.

Acting for Novacap Investments Inc. in the formation and fundraising of its latest fund, Novacap Industries V, L.P., a private equity fund focusing on the industrial and manufacturing sectors, as well as in services, distribution and retail sales platforms.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in the sale of 13 gas stations and retail sites to Irving Oil Limited in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.

Confidential client

Acted for a U.S. state retirement system in its joint venture with a real estate development company for the acquisition of various industrial properties in Ontario.

Cominar Real Estate Investment Trust

Acted for Cominar REIT in the sale of non-core property assets to Slate Acquisitions Inc. for $1.14 billion.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. in the creation of Qingdao Chengtou Haisi Cycle Equity Investment Fund, a $125-million technology venture capital fund.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in an offering of US$900 million principal amount of senior unsecured notes on a private placement basis in the United States.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in a new US$4.3-billion three-year credit facility made available to Couche-Tard to finance its acquisition, by way of merger, of the Texas-based gas-and-convenience store chain, CST Brands, Inc.

BMO Nesbitt Burns Inc.

Acted for the Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which together have committed bank facilities of $3.4 billion to finance the cash portion of Metro Inc.'s $4.5 billion acquisition of The Jean Coutu Group Inc.

Novacap Management Inc.

Acted for Novacap Management Inc. in the formation and fundraising of Novacap TMT V, L.P. and Novacap International TMT V, L.P., an $840-million private equity fund in the technology, media and telecommunications sector in Canada.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with its private offerings of (i) US$2.5 billion principal amount of senior unsecured notes in the United States; and (ii) C$700 million principal amount of senior unsecured notes in Canada.

Phoenix Partners Management Inc.

Acted for Phoenix Partners Management Inc. in connection with (i) the creation of Phoenix Partners Fund I, L.P., first private equity fund of Phoenix Partners; (ii) the acquisition by 9356-0126 Québec Inc., a subsidiary of Phoenix Partners Fund I, L.P., of Les Industries Bernard & Fils Ltée, a Québec company in the maple syrup industry; (iii) the co-investment by Fonds de solidarité des travailleurs du Québec (F.T.Q.) for the acquisition; and (iv) the partial financing of the acquisition by the National Bank of Canada.

Caisse de dépôt et placement du Québec

Acted for Caisse de dépôt et placement du Québec in connection with an investment of $1.9 billion in SNC-Lavalin Group Inc. to finance a portion of the acquisition by SNC-Lavalin of all the share capital of WS Atkins plc. The Caisse's investment is structured as (i) a loan of $1.5 billion, secured by the value and cash flows of SNC-Lavalin's interest in the Highway 407 ETR project; and (ii) a subscription of approximately $400 million in subscription receipts of SNC-Lavalin.

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.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with (1) its acquisition of, by way of merger, the Texas-based gas-and-convenience-store chain CST Brands, Inc., valued at approximately US$4.4 billion; and (2) Alimentation Couche-Tard Inc.'s subsequent sale of a portion of CST Brands, Inc.'s Canadian assets to Parkland Fuel Corporation for approximately US$750 million, subject to adjustments.

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.

Revera Inc.

Acted for Revera Inc. and Welltower Inc. in connection with the acquisition of Regal Lifestyle Communities Inc.

Grafton-Fraser Inc.

Acted for Grafton-Fraser Inc., the owner and operator of Tip Top Tailors, in its acquisition, through a wholly owned subsidiary, of the Canadian retail assets of Jones Apparel (Canada) Ltd., a women's apparel retailer of the Jones New York brand.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with an offering of $700-million principal amount of 3.60% Series 5 senior unsecured notes due 2025, on a private placement basis in Canada.

Alimentation Couche-Tard inc.

Acted for Alimentation Couche-Tard Inc. in connection with its acquisition of U.S.-based The Pantry, Inc. for approximately US$1.7 billion including assumed debt and the financing of such acquisition.

Novacap Industries IV, L.P.

Acted for Novacap Industries IV, L.P. in connection with its investment of more than $165 million in Knowlton Development Corporation, together with institutional partners, including the Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, Investissement-Québec, Export Development Canada (EDC) and Fondaction CSN.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap Industries IV, L.P. and Novacap International Industries IV, L.P., a $425-million private equity fund focusing on the industrial and manufacturing sectors, as well as in services, distribution and retail sales platforms. The fund had a $300-million initial closing.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap TMT IV, L.P. and Novacap International TMT IV, L.P., a $375-million private equity fund in the technology, media and telecommunications (TMT) sector in Canada.

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.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the acquisition of Centre Rockland from Ivanhoé Cambridge for $271,685,000. Davies also represented Cominar in financing the acquisition by way of an unsecured bridge facility of up to $275 million.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust with respect to a $350 million three-year senior unsecured credit facility with National Bank of Canada serving as lead arranger and administrative agent, and a syndicate of lenders.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the $1.527-billion acquisition of a portfolio of 11 shopping centres, three office properties and one industrial property from Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec. The firm also represented Cominar in financing the acquisition, through the issuance of $250 million of trust units to Ivanhoé Cambridge by way of private placement, the issuance of $250 million of trust units to the public by way of a bought deal, the establishment of new unsecured bridge facilities of up to $850 million, a $100-million unsecured credit facility, and mortgage financings of $250 million.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its $100.7-million acquisition of a portfolio of 14 mainly industrial and mixed-used properties in the Greater Toronto Area from Niagara Acquisition LP.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its $228-million acquisition of a portfolio of 11 office properties in the Greater Toronto Area and in Montréal from Redbourne Realty Fund.

Revera Inc.

Acted for Revera Inc. in connection with a joint venture between Revera Inc. and Réseau Sélection which combines Revera's seven retirement residences in Québec with eleven residences owned and managed by Réseau Sélection, along with the residence "Le Cambridge" which was already owned in joint venture by Revera and Réseau Sélection.

Alimentation Couche-Tard Inc.

Acted for Alimentation Couche-Tard Inc. in connection with an offering of $300 million principal amount of 4.214% series 4 senior unsecured notes due 2020.

Purchasers of Secured Notes issued by Cogeco Cable Inc.

Acted for the purchasers of US$215 million senior secured notes due June 16, 2025 issued by Cogeco Cable Inc. to US institutional accredited investors on a private placement basis.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. in connection with the formation of Cycle Capital Fund III, L.P., a $108-million clean tech venture capital fund.

CIBC World Markets Inc.

Acted for a syndicate of underwriters led by CIBC World Markets Inc. in connection with Cogeco Cable Inc.'s public debt offering on a bought deal basis of $300 million of senior secured debentures due 2023.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with its acquisition of a portfolio of 18 industrial properties primarily located on the South Shore of Montréal and one office property located in Montréal for a purchase price of $149.8 million.

Cycle-C3E, L.P

Acted for Cycle-C3E, L.P., a clean technology seed fund, in connection with its creation with an initial capitalization of $41.5 million by Investissement Québec, Fonds de solidarité des travailleurs du Québec (FTQ), FIER Partenaires, Société en Commandite, Cycle Capital II, L.P. and leading industrial partners.

Bell Canada

Acted for Bell Canada in connection with the acquisition of the hosting division of 6126472 Canada Inc. (dba Hypertec Availability Systems), Québec's leading top tier data hosting provider.

Yoplait France SAS

Acted for Yoplait France SAS, the second largest brand in fresh dairy products in the world, in connection with its acquisition of Québec-based Liberté Brand Products from its management and investment firms, Swander Pace Capital LLC and Roynat Capital Inc.

J.P. Morgan and TD Securities Inc.

Acted for the initial purchasers led by J.P. Morgan and TD Securities Inc. in connection with Air Canada's US$1.1 billion private placement offering of secured notes. The offering consisted of US$600 million of first-lien secured notes, $300 million of Canadian dollar-denominated first-lien secured notes and US$200 million of second-lien secured notes.

Laura Secord and Gordon Brothers Merchant Partners, LLC

Acted for Laura Secord and Gordon Brothers Merchant Partners, LLC in connection with the sale of Laura Secord to an affiliate of Aliments NutriArt Inc.

The Aldo Group Inc.

Acted for the Aldo Group Inc. in connection with its credit facilities.

Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec

Acted for Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and Investissement Québec, the Initial Limited Partners, in the formation and investment in Teralys Capital Fund of Funds, L.P., a $700-million Québec-based venture capital Fund of Funds.

Mill Road Capital, L.P.

Acted for U.S.-based private equity firm Mill Road Capital, L.P. in its successful "white knight" bid for Cossette Inc. for approximately $134 million.

Cycle Capital Management Inc.

Acted for Cycle Capital Management Inc. on the formation of its first $80-million investment fund devoted to the clean technology and renewable energy sector, Cycle Capital Fund I, L.P.

3Ci Inc.

Acted for 3Ci Inc. in connection with the development and sale of a 156MW wind power project named Des Moulins Wind Farm located in the Thetford Mines region. The development of the project started in 2008 and continued until the sale of the project.

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Banking; Capital Markets: Debt; Investment Funds

The Legal 500 Canada—Banking and Finance (Recommended)

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

The Canadian Legal Lexpert Directory—Corporate Commercial Law

The Best Lawyers in Canada—Energy Law (Lawyer of the Year 2018, Montréal); Private Funds Law (Lawyer of the Year 2020, Montréal); Real Estate Law

Who’s Who Legal: Canada—Private Funds; Who’s Who Legal: Private Funds—Regulatory

Bar Admissions

Québec, 1997

Education

Université de Montréal, LLB, 1996

Board Memberships

Écotech Québec, director and secretary