199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2003 (ON)
Justin Parappally is a partner in the Banking and Finance Group. He has expertise in acquisition financing, gold streaming transactions, mining debt finance, forward gold sales, debtor-in-possession financing, and asset-based lending transactions. Justin acts for financial institutions, non-bank lenders and borrowers in domestic, cross-border, and international banking and lending transactions. He acts for private equity funds in connection with leveraged acquisitions and acts as corporate counsel to numerous Canadian corporations. Justin is a member of the Diversity and Inclusion Committee in the Toronto office.
On November 14, 2017, BV Investment Partners (BV), a middle-market private equity firm focused on the business services, software and IT services sectors, completed a strategic investment in Ontario-based Precision Nutrition (PN), the leading nutrition certification and coaching software and services provider in North America.
Vista Equity Partners (“Vista”) acquired all of the outstanding shares of Toronto-based DH Corp. (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, by way of a plan of arrangement for $25.50 per share in cash, for a total enterprise value of approximately $4.8 billion, including the assumption of D+H’s debt.
On May 1, 2017, all of the issued and outstanding common shares of Halogen Software Inc. (“Halogen”) were acquired by Saba Software Inc. (“Saba”), Vector Capital and its affiliates (“Vector”), and Michael Slaunwhite, Halogen’s founder, executive chairman and largest shareholder.
Essar Steel Algoma Inc. (Algoma) concluded its comprehensive US$1.4 billion recapitalization and refinancing. Algoma restructured certain of its existing debt obligations by way of a plan of arrangement under the CBCA and refinanced its outstanding debt through concurrent Term Loan, ABL, High Yield Debt and Junior Notes financings.
Corsa Coal Corp. (“Corsa”) completed its acquisition of PBS Coals from OAO Severstal for US$60 million in cash and the assumption of US$60 million of liabilities, as well as its related US$65 million equity private placement financing and US$25 million credit facility. As part of the financing of the transaction, Sprott Resource Corp. (“SRC”) invested US$33.4 million to purchase Corsa shares.
