199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 2009 (ON)
Michael advises clients in a wide variety of capital markets transactions and securities regulatory matters, including mergers and acquisitions, public and private financings, private equity and other business transactions, with an emphasis on the representation of public and private issuers and the investment banks advising such companies. He acts on transactions involving a wide range of industry sectors, including technology, financial institutions and financial services, health care, cryptocurrency, mining, power generation and consumer products. He provides ongoing advice to a variety of public issuers regarding corporate governance (including board advisory and special committee mandates) and continuous disclosure obligations and also provides strategic advice to clients on environmental, social and governance considerations in connection with financings, sustainable investment transactions and ongoing reporting obligations. Michael spent over a year in the Firm's New York office, where he focused on Canada/US cross-border M&A as well as corporate finance and private equity transactions, while providing Canadian corporate advice to both Canadian and foreign clients conducting business or offerings in Canada.
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.
