66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1999 (ON)
Partner based in Toronto focused primarily on mergers & acquisitions and capital markets transactions. Vendors, purchasers, targets, and special committees of boards of directors trust Robert’s experience and strategic advice in connection with the purchase and sale of shares and assets of public and private companies. Issuers, investment dealers, and investors look to his advice on public and private offerings of securities. Additionally, he regularly advises clients on continuous disclosure and corporate governance matters.
As part of the transaction, an affiliate of OMERS subscribed for an aggregate of $30 million of Dye & Durham common shares, on a private placement basis
On December 15th, 2019, Cineplex Inc. signed an arrangement agreement with Cineworld Group, plc, pursuant to which Cineworld Group will acquire Cineplex shares for C$34 per share for a total transaction value of approximately C$2.8 billion.
On June 14, 2018, Nouvelle Autoroute 30, s.e.n.c.(NA30) successfully closed the $1.2 billion bond refinancing for Montreal highway Autoroute 30 (A-30) concession project (the A-30 Project). The bonds included approximately $828 million in long-term bonds, due 2042, priced at roughly 4.11% and approximately $390 million in medium-term bonds, due 2033, carrying a coupon of approximately 3.75%.
On January 5, 2018, BCE Inc. (Bell) completed its acquisition of all of the approximately 11.4 million common shares of AlarmForce Industries Inc. (AlarmForce) for a total aggregate consideration of approximately $182 million The Acquisition is part of Bell’s Connected Home strategy.
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.
As part of the continuing transformation of its business since its spin-off from Element Financial, Steve Hudson’s ECN Capital Corp. [TSX: ECN] completed the acquisition of Triad Financial Services in December 2017 and sold its Canadian commercial and vendor finance business to Canadian Western Bank in January 2018.
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.
On May 31, 2017, DHX Media Ltd. (DHX) completed the closing of a bought deal private placement offering (the Offering) of subscription receipts of DHX (the Subscription Receipts) for gross proceeds of $140 million.
On December 11, 2015, BCE Inc. (BCE), Canada’s largest communications company, completed a bought deal common share offering for total aggregate gross proceeds of $862,838,100. BCE issued 15,111,000 common shares at a price of $57.10 per common share, including the 1,971,000 common shares issued as a result of the exercise in full of the over-allotment option granted to the syndicate of underwriters.
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.
ORBCOMM Inc., a global provider of Machine-to-Machine (M2M) solutions, completed the acquisition of SkyWave Mobile Communications Inc., the largest M2M service provider on the Inmarsat global L-band satellite network for approximately US$130 million. SkyWave, an Ottawa-based company, will add more than 250,000 subscribers, 400 channel partners, and annualized revenues of over $60 million to ORBCOMM.
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.
