Leading Canadian businesses and financial institutions have for years looked to us to enable their international investing and cross-border transactional activities.
As one of the original and most authentically global law firms, few, if any, can match our combined global reach, local strength and ability to deliver New York, English and local law advice across so many relevant jurisdictions and areas of practice. This makes us a natural choice for many Canadian clients in key areas such as cross-border mergers and acquisitions, international capital markets transactions, cross-border project financings and bank finance transactions, complex international financial restructuring and insolvency matters, "big-ticket" litigation, international arbitration and international trade.
Lawyers in these key practice areas are also able to access resources and expertise in an array of complementary practices as needed, ensuring clients receive rapid, comprehensive and integrated deal management. These areas include: antitrust, employment and benefits, environmental, intellectual property, investment funds, private equity, real estate, regulatory and tax.
AWARDS & RECOGNITION
Ranked #2 for M&A in Canada by deal value in 2016, according to Bloomberg and Thomson Reuters M&A League Tables
ITC Holdings, 2016, UNS Energy Corporation, 2014 and CH Energy Group, 2013
We represented Fortis, Canada's largest publicly owned distribution utility, in its US$11.3 billion acquisition, together with Singapore Sovereign Wealth Fund GIC, of ITC Holdings. We also represented Fortis on over US$4 billion of bank and bond financing in connection with this acquisition.
We represented Fortis in the US$4.3 billion acquisition of UNS Energy Corporation, an energy holding company headquartered in Tucson, Arizona.
We represented Fortis in the US$1.5 billion acquisition of CH Energy Group Inc. The transaction marked the initial entry by Fortis into the US-regulated electric utility marketplace and was named "Energy Deal of the Year" by The M&A Advisor.
Canadian Solar, 2016
We represented Canadian Solar in connection with a private placement with Prudential Capital Group, pursuant to which, Prudential Financial, Inc. agreed to purchase non-recourse notes with principal amount totaling approximately JPY 6.2bn (USD 60m). The proceeds from the private placement are to be used to finance a portfolio of solar power plants totaling 21.2MWp in Japan.
St. Marys Cement, 2016
We represented St. Marys Cement, a wholly-owned Canadian subsidiary of Votorantim Cimentos, on its inaugural US$500 million Rule 144A/Regulation S high-yield notes offering. Proceeds from the notes offering were used to fund concurrent tender offers on behalf of Votorantim Cimentos for certain classes of its outstanding notes.
Element Fleet Management, 2015
We represented a special purpose vehicle subsidiary of our Canada-based client Element Fleet Management (formerly part of Element Financial Corporation) in connection with two offerings of asset-backed notes in aggregate value of approximately US$2.5 billion. The proceeds were used to refinance the acquisition debt incurred by Element to finance the purchase of General Electric's fleet leasing business.
Gold Reserve, 2015
We achieved a major victory for Canadian mining company Gold Reserve in a long-running ICSID arbitration against Venezuela relating to one of the world's largest undeveloped gold/copper deposits. In a unanimous award, the tribunal found that Venezuela had acted unlawfully in violation of the Canada-Venezuela bilateral investment treaty and awarded Gold Reserve over US$740 million in damages and legal costs.
Export Development Canada, 2014
We represented Export Development Canada (EDC), Canada's export credit agency, which is a Crown corporation 100 percent owned by the Government of Canada, in its first issuance in the Mexican market for MXN 50 million (approximately US$3.8 million) of short-term debt certificates. The issuance was made under EDC's MXN 3 billion (approximately US$230 million) program authorized by the Mexican Banking and Securities Commission. EDC was the first direct foreign issuer in the Mexican commercial paper market.
RBC Capital Markets, 2013
We represented RBC Capital Markets, as sponsor, in connection with the admission to the premium listing segment of the Official List of the Financial Conduct Authority and trading on the London Stock Exchange's main market for listed securities of all of the issued and outstanding shares of Caracal Energy Inc. (formerly Griffiths Energy International Inc.), a company incorporated under the Canada Business Corporations Act, with its head office in Calgary, Alberta.