199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2001 (ON)
Stewart Sutcliffe is a partner in and former Head of the Private Equity and Private Mergers & Acquisitions Groups and is a member of the Management Committee in the Toronto office. Stewart has a diversified corporate practice, focusing on domestic and cross-border private and public mergers and acquisitions and private equity investments, including PIPE transactions.
More insolvencies and consolidations are seen for the cannabis sector in 2020; in agribusiness, food security may become more important in the wake of covid-19
On July 17, 2017, Norgine B.V., a European specialist pharmaceutical company, acquired all issued and outstanding shares of Merus Labs International Inc. (Merus), pursuant to a plan of arrangement for $1.65 per common share in cash, including the assumption of all debt obligations, for a total enterprise value of approximately $342 million.
On December 14, 2016, Sotawall Inc. (“Sotawall”) completed the sale of substantially all of its assets to a wholly owned subsidiary of Apogee Enterprises, Inc. (“Apogee”), a leader in technologies involving the design and development of value-added glass products and services, for approximately US$135 million
On May 31, 2016, TELUS Corporation (TELUS) completed a previously-announced transaction whereby Baring Private Equity Asia (Baring Asia) acquired a 35-per cent equity stake in TELUS International (Cda) Inc. (TELUS International).
On December 17, 2015, subsidiaries of Waterton Precious Metals Fund II Cayman, LP completed the acquisition of Barrick Gold Corporation's 70 per cent interest in the Spring Valley project and 100 per cent of the Ruby Hill mine for a total of $110 million in cash.
Ashland Inc. successfully completed the divestment of its global Ashland Water Technologies (AWT) business unit to a fund managed by private investment firm Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Net proceeds from the sale totaled approximately US$1.4 billion, which will be used to return capital to shareholders in the form of share repurchases.
