Spinrite Income Fund completes C$202 million initial public offering
Torys acted as counsel to the fund, Spinrite Limited Partnership and its financial sponsor, Sentinel Capital Partners, with a team that included Philip Brown, Adam Armstrong, Rena Shadowitz, Jamie Koumanakos, Michelle Campbell and Danial Lam (corporate), Adam Delean, Amanda Balasubramanian and Andrew Lannon (lending), Corrado Cardarelli, Ron Nobrega and Catrina Card (tax), Dennis Mahony (environmental), Don Roger (real estate) and Christina Medland and Nadine Côté (employment and compensation).
On February 8, 2005, Spinrite Income Fund (TSX:SNF) completed its C$202,912,000 initial public offering of trust units. The fund owns Spinrite Limited Partnership, a leading yarn manufacturer based in Listowel, Ontario and founded in 1956. Spinrite Income Fund's IPO follows Sentinel Capital Partners' acquisition in January 2004 of Spinrite Limited Partnership.