199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 2000 (ON); 2001 (New York)
Shlomi's practice focuses on mergers and acquisitions and public company advisory matters. He has advised strategic and financial buyers, target companies and vendors on public and private cross-border transactions. Shlomi also regularly provides corporate governance advice to Canadian public companies, including acting for special committees in connection with M&A transactions. Recent transactions include advising Cleveland-Cliffs on its acquisition of Stelco Holdings, Advent International on its acquisition of Nuvei Corporation, PENN Entertainment on its acquisition of Score Media & Gaming and BCE on public and private company transactions.
ECN Capital Corp. (TSX: ECN) completed its second public financing deal in May 2017, and then subsequently announced the acquisition of Service Finance Co. of Florida.
On June 2, 2017, Trican Well Service Ltd. (“Trican”) and Canyon Services Group Inc. (“Canyon”) completed the previously announced acquisition of Canyon by Trican pursuant to a plan of arrangement for approximately $627 million and an assumption of approximately $38 million of net debt.
On May 25, 2017, Sirius XM Canada Holdings Inc. completed its statutory plan of arrangement whereby all its shares were acquired by a corporation, 2517835 Ontario Inc., owned by Slaight Communications Inc., Obelysk Media Inc. and Sirius XM Radio Inc. Sirius XM Canada Holdings also announced that it will be redeeming all of its outstanding 5.625 per cent senior unsecured notes due April 23, 2021, at a redemption price equal to 102.813 per cent of the principal amount of the Existing Notes plus accrued and unpaid interest.
On October 3, 2016, Element Financial Corporation completed a butterfly reorganization by way of plan of arrangement pursuant to which the business was split into two separate companies: Element Fleet Management Corp. and ECN Capital Corp.
On September 30, 2015, Element Financial Corporation (TSX: EFN) completed its US$8.6 billion acquisition of GE Capital’s fleet management operations in the United States, Australia, New Zealand and Mexico. Element had previously acquired the Canadian operations of GE Capital’s North American fleet management business in June of 2013. With the completion of the acquisition, Element’s total assets increased to approximately C$22 billion.
On May 20, 2015, BCE Inc. (BCE) and Rogers Communications Inc. (Rogers) completed their acquisition of GLENTEL Inc. (GLENTEL), a Canadian-based multi-carrier mobile products distributor.
Element Financial Corporation acquired the assets and operations of PHH Arval, PHH Corporation's North American fleet management services business, for a purchase price of US$1.4 billion in cash. Element also assumed PHH's obligations under the PHH fleet securitization programs in the US and Canada.
Element Financial Corporation (TSX: EFN) completed its largest acquisition to date with the $570-million purchase of the assets comprising GE Canada's fleet leasing business. GE Canada's fleet vehicle portfolio consists of 650 regionally diversified customers and integrated fleet management services for vehicle and light and medium truck financings. As part of the acquisition, Element also entered into a strategic alliance agreement with GE Capital Fleet Services in the US pursuant to which the companies will collaborate primarily on the pursuit of Canadian/US cross-border fleet management opportunities.
