Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Announcement
Leaseweb Global Acquires Montréal’s iWeb
Davies acted as counsel to Leaseweb Global, a leading hosting and cloud services company based in the Netherlands, in its recently announced acquisition of iWeb, a Canadian cloud hosting, server hosting and hosted solutions provider.
The acquisition enables Leaseweb to build a significant market presence in Canada, which now becomes its third biggest international region by revenue, behind the Netherlands and the United States. Additionally, the integration of iWeb with Leaseweb’s global network will allow current and future customers to seamlessly expand into the region, while benefiting from globally available cloud infrastructure.
The Davies team advising on this transaction included Brian Kujavsky, Vanessa Pendenza and Zach Hershenfeld (Corporate/M&A); Marie-Claude Bellemare and Chloé D’Astous (Environmental & Indigenous); and Michael N. Kandev (Tax). Leaseweb was also advised internally by its General Counsel Jacqueline van de Werken.
Related
Governance Insights: Nominee Directors – Fiduciary Obligations and the Limits of Information Sharing
Oct. 08, 2024 - The corporate life of a nominee director has been characterized as having the potential to be “neither happy nor long. ” In this Governance Insights article, we discuss the fundamental fiduciary considerations that nominee directors, nominating shareholders and companies should bear in...
