199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2007 (ON)
Jonah Mann is Head of the Corporate Department and a member of the Toronto Diversity, Equity & Inclusion Committee. His practice focuses on mergers and acquisitions, corporate finance, corporate governance and securities law compliance matters. Jonah regularly acts for Canadian public companies and leading investment banks on complex capital markets transactions including IPOs, acquisition financing, cross-border offerings, takeover bids and business combinations. He also frequently represents Canadian and US private equity firms on public and private M&A transactions and strategic investments across a range of industries.
On December 6, 2017, Hudson’s Bay Company (HBC) completed the US$500 million equity investment by Rhône Capital (Rhône) in the form of 8-year mandatory convertible preferred shares, the sale of the Lord & Taylor Fifth Avenue Flagship Building to WeWork in a transaction valued at US$850 million, and a series of strategic transactions, including agreements to lease retail space within select HBC department stores.
On July 7, 2017, Shutterstock, Inc. (Shutterstock), through an indirect, wholly owned subsidiary, acquired all of the issued and outstanding shares of FlashStock Technology Inc. (FlashStock) for a purchase price of approximately US$50 million, subject to customary adjustments.
On January 26, 2017, Aritzia Inc. (“Aritzia” or the “Company”) completed its secondary offering of 20,100,000 subordinate voting shares (the “Shares”) for a price of $17.45 per share (the “Offering Price”) for aggregate gross proceeds of $350,745,000 (the “Offering”).
In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.
Fortis Inc. acquired all of the outstanding shares of UNS Energy Corporation for an aggregate purchase price of approximately US$4.5 billion, including the assumption of approximately US$2 billion of debt. The acquisition was financed by a US$2-billion non-revolving acquisition term credit facilities and a US$1.8 billion offering of convertible subordinated debentures represented by instalment receipts. The offering consisted of a bought deal public offering of approximately US$1.6 billion and a concurrent private placement of approximately US$200 million.
The current owners of Canada's largest off-airport and only national car park company, Park'N Fly, completed the sale of their parking business assets, including all real estate used in connection with the business located in Montreal; Ottawa; Toronto; Edmonton and Vancouver, along with goodwill and other operating assets, to a joint venture led by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited, both companies whose shares are traded on the stock exchange of Hong Kong, each owning a 50 per cent interest.
