On August 3, 2018, an affiliated entity of Teranet Inc., CM Solutions Inc., acquired all of the issued and outstanding shares of D+H Collateral Management Corp., a division of Finastra Holdings Inc.
Teranet is Canada’s leader in the delivery of statutory registry services. The company is owned by OMERS Infrastructure, the infrastructure investment manager of OMERS, the defined benefit pension plan for Ontario’s municipal employees.
D+H Collateral Management Corp. is the market leader in Canadian lien registration and search, asset recovery services, and insolvency management.
TD Securities and The Bank of Nova Scotia co-led a senior credit financing in support of the acquisition.
Teranet was represented in-house by Agostino Russo, Chief Legal Officer & Corporate Secretary, and Jacqueline Hawkins, Senior Legal Counsel, and assisted by Gowling WLG (Canada) LLP with a team led by Ian Palm and that included, among others, Pam Vermeersch and David Torchetti (corporate/M&A), Ian Macdonald (competition), Paul Carenza (tax), Christopher Alam, Bahar Hafizi and Leila Burden Nixon (financial services), Daniel Hayhurst (pensions), Neena Gupta (employment) and Anita Nador (IP).
OMERS Infrastructure was represented in-house by Jennifer Guerard, Managing Director, Legal, and Matt Segal, Associate Director, Legal.
Finastra was represented in-house by Audrey Douek, General Counsel (Canada) & Chief Privacy Officer (Americas), Joshua Chud, Senior Corporate Counsel and David Schulze, Senior Corporate Counsel and assisted by Stikeman Elliott LLP with a team of Martin Langlois, Melissa Therien and Julia Dmitrijeva (corporate/M&A), Paul Collins, Mike Kilby and Megan MacDonald (competition), Craig Mitchell (banking), Kathleen Chevalier (employment) and Natasha vandenHoven (pensions).
Goodmans LLP represented the syndicate of lenders led by The Toronto-Dominion Bank with a team that included David Nadler, Jeffrey Citron and Theresa Kennedy (banking & finance) and Kabir Jamal (tax).