On January 6, 2006, Newalta Income Fund purchased PSC Industrial Services Canada Inc. and its subsidiaries from Philip Services Corporation for approximately $110 million. The acquisition—the first by Newalta into the Ontario marketplace—was financed from a new senior credit facility arranged through a syndicate of four Canadian chartered banks. Newalta is an industrial waste management company headquartered in Calgary.
Newalta Income Fund was represented by Took Whiteley, general counsel, and a team from Bennett Jones LLP led by John Kousinioris that included Hugo Alves and Paul Barbeau (corporate), Mitch Williams (banking), Greg Johnson (tax) and Beth Riley (competition).
Philip Services was led by Deborah Huston, vice-president, secretary and general counsel, and represented by Osler, Hoskin & Harcourt LLP with a team comprised of Michael Davies, David Hanick and John Valley (corporate), Richard Pratt (financing), Alex Pankratz and Cassandra Priede (tax), Jack Cook (real estate), Damian Rigolo (employment), Evan Howard and Sean Maxwell (pensions) and Peter Franklyn and Steve Sansom (competition).
Newalta Income Fund was represented by Took Whiteley, general counsel, and a team from Bennett Jones LLP led by John Kousinioris that included Hugo Alves and Paul Barbeau (corporate), Mitch Williams (banking), Greg Johnson (tax) and Beth Riley (competition).
Philip Services was led by Deborah Huston, vice-president, secretary and general counsel, and represented by Osler, Hoskin & Harcourt LLP with a team comprised of Michael Davies, David Hanick and John Valley (corporate), Richard Pratt (financing), Alex Pankratz and Cassandra Priede (tax), Jack Cook (real estate), Damian Rigolo (employment), Evan Howard and Sean Maxwell (pensions) and Peter Franklyn and Steve Sansom (competition).
