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
123Dentist, Altima Dental and Lapointe Group Announce Strategic Merger
Davies is acting as Canadian counsel to KKR, a leading global investment firm, in its equity investment in connection with the strategic merger between 123Dentist, Altima Dental and Lapointe Group. The merger will create one of the largest dental support organizations in Canada, with nearly 350 supported dental practices. The transaction is being financed through equity capital provided by Peloton Capital Management, KKR, Heartland Dental and Sentinel Capital Partners.
The deal is subject to customary closing conditions, including clearance under the Competition Act (Canada), and is expected to close in the third quarter of 2022.
The Davies team advising on the transaction includes Kevin Greenspoon, Joseph DiPonio, Jack Franklin, Nazish Mirza and Elliot A. Greenstone (Corporate/Private M&A); Jim Dinning (Competition); and Chris Anderson and Taj Kudhail (Tax).
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...
