Three Torys finance and M&A deals recognized in Lexpert’s Big Deals roundup

May 05, 2021

We are delighted to announce that three deals Torys advised on have been recognized by Lexpert as some of the largest Canadian finance and M&A deals in its Big Deals roundup.

Lexpert praised Torys as one of the law firms that “led the pack”—with deals we advised on worth hundreds of millions to billions of dollars—between November 2020 to March 2021.

See below to learn about our involvement in Lexpert’s Big Deals roundup.

Sagen MI Canada Inc.’s completion of preferred share, debenture, hybrid note offering

Sagen MI Canada Inc. (“Sagen MI Canada”) completed a series of financings partially used to fund the distribution to shareholders in connection to Brookfield Business Partners’ (“Brookfield”) C$1.6 billion acquisition of the remaining 43% interest in Sagen MI Canada not already owned by Brookfield. Torys represented Brookfield in this transaction.

The Torys team included Karrin Powys-Lybbe, Josh Lavine, Carly Klinkhoff and Jesse Leonard (corporate/M&A), Blair Keefe and Eli Monas (financial services regulatory), Jennifer Lennon and Brad Tartick (employment), Corrado Cardarelli, Richard Johnson and Benjamin Mann (tax).

Duo Bank of Canada’s acquisition of Fairstone Financial Holdings

Torys represented Duo Bank of Canada in its acquisition of Fairstone Financial Holdings Inc. from an investor group led by J.C. Flowers & Co. LLC and Värde Partners, Inc.

Torys represented Duo Bank of Canada with a team led by Richard Willoughby and that included David Seville, Leah Frank, Steve Rotchtin, Stephen Neil, Parker Baglole and Sarah Strong (corporate/M&A), Blair Keefe, Peter Aziz, Eli Monas (financial services regulatory), Chris Richter and Matthew Angelus (Quebec consumer protection), Jill McCutcheon and Melissa Prado (insurance regulatory), Mitch Frazer and Tom Stevenson (employment), Dany Assaf and Zee Derwa (competition), Tom Zverina (lending), Ronak Shah (privacy), Jerald Wortsman and Ryan Walker (tax).

Intact Financial completes offerings to fund proposed acquisition of RSA Insurance Group PLC

Torys represented the agents/underwriters in multiple offerings to fund a portion of the purchase price of Intact Financial Corporation’s (“Intact”) proposed acquisition of RSA Insurance Group PLC. This included representing CIBC Capital Markets, Barclays Capital and the syndicate of underwriters in Intact’s C$1.25 billion private placement of subscription receipts and CIBC Capital Markets, TD Securities, National Bank Financial and the syndicate of agents in Intact’s C$600 million private placement of medium term notes.

The Torys teams included David Seville, Mile Kurta, Josh Lavine, Michael Murphy, Emily Debono, Sarah Strong and Sarah Fallis (corporate/securities).

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