This section keeps you up-to-date on the latest news and upcoming public appearances of Lavery professionals.
News
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Lavery helps Cultures Gen V become Quebec’s largest greenhouse grower
On July 4, 2023, Cultures Gen V, one of Quebec’s leading greenhouse growers, announced the acquisition of Serres Royales. The acquisition furthers Cultures Gen V’s business strategy, which aims to improve Quebec’s food self-sufficiency by expanding sustainable greenhouse growing and offering consumers a wider variety of superior quality products. This transaction makes Cultures Gen V the largest diversified greenhouse grower in Quebec, adding 9 hectares of tomatoes to its current acreage, for a total of 36 hectares. Lavery was privileged to represent Cultures Gen V in the transaction. Not only did the firm implement the group’s pre-transaction refinancing, it also negotiated and closed the transaction. The Lavery team was led by Étienne Brassard with the assistance of Gabrielle Ahélo and France Camille De Mers and the collaboration of Béatrice Bull, Pamela Cifola, Éric Gélinas, Jessica Parent, Chantal Desjardins, James Duffy, Valérie Belle-Isle, Sonia Guérin, Joseph Lauzon-Potts, Arielle Supino, Bernard Trang, Katerina Kostopoulos, Charlotte Dangoisse, David Tournier, Ana Cristina Nascimento, Joëlle Montpetit and Nadine Giguère.
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Lavery assists Agile MV Inc. in the sale of all of its shares to Resonetics
On June 13, 2022, Resonetics announced the purchase of the entirety of the shares of Agile MV, a Montréal-based medical device design and development contract manufacturing company. The transaction was motivated by the quality of expertise that Agile MV's team of engineers, scientists, and technicians possess throughout the entire production cycle, from initial concept consolidation to mass production. Our partner, Audrey Gibeault, had the privilege of representing the company in this major transaction that involved complex tax planning, among other things. In business law, this transaction was led by our partner Étienne Brassard. Ms. Gibeault and Mr. Étienne Brassard were mainly assisted in this transaction by Gabrielle Ahélo. They were assisted by Luc Pariseau, Sonia Guérin, France Camille De Mers, Brittany Carson, Éric Gélinas, André Vautour, Michael Pageau, Maxime Chabot and Charles-Hugo Gagné. —Agile MV is a Quebec-based medical device design and development contract manufacturing company. It specializes in the development of minimally invasive diagnostic and therapeutic medical devices in the following areas: cardiac electrophysiology, interventional cardiology, interventional radiology, interventional pulmonology, interventional gastroenterology, interventional pain management and interventional neurology.Resonetics specializes in advanced engineering and manufacturing solutions for the life sciences industry, laser cutting, centerless grinding, nitinol processing, thin-wall stainless steel and precious metal tubing, photochemical machining, microfluidics, sensor solutions and medical energy.
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Lavery supports Chronometriq in its acquisition of Health Myself Innovations Inc.
On June 29, Chronometriq, a North American leader in healthcare management, announced its acquisition of Health Myself Innovations Inc. A Lavery team represented and advised Chronometriq to help them succeed in this acquisition, which will enrich their platform and service offering as well as contribute to the growth of their operations in the United States. Lavery supported Chronometriq for their Series A (financing by a Silicon Valley venture capital fund) and for their Series B (financing by a New York venture capital fund). It is a privilege for us to work towards the expansion of Chronometriq and to contribute to a fast-growing Quebec success story in the field of health technologies. To read the press release, click here.
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Lavery helps Chronometriq obtain $20 million in funding
On October 1, Chronometriq, a Montréal-based supplier of technology that facilitates healthcare access and patient communications, announced that it had received more than $20 million in funding from Full In Partners. This funding will enable our client Chronometriq to strengthen its leadership position in Canada and drive its growth in the United States. Lavery played a significant role in representing Chronometriq’s interests throughout this transaction and helped it take on the kinds of challenges high-growth startups face when negotiating major funding. Chronometriq, founded in 2012, was named one of the 25 most innovative companies by C2 Montréal. It is now a leader in digital healthcare management, thanks to its range of comprehensive appointment management products suited to both clinics and patients. In the past year alone, Chronometriq has served 12 million users through the network of North American clinics that use its products. This mandate was successfully completed thanks to the extensive expertise of the Lavery team led by Jean-François Maurice and made up of Éric Gélinas, Felicia-Yifan Jin, Ali El Haskouri, Tina Basile, Guillaume Laberge, Florence Fournier, Shereen Cook and Pierre-Olivier Valiquette.
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Lavery represents EBI in a $70 million transaction
On June 26, 2018, the QFL Solidarity Fund announced a $70 million investment in EBI, a leading Quebec and Canadian firm active in the integrated residual materials sector, including the collection and transport of waste matter, recyclables and residual materials, the transformation, recovery and disposal of residual materials as well as the production of natural gas. A Lavery client for the past two decades, EBI has been represented by the firm in connection with every legal aspect of this investment initiative. The Lavery team, spearheaded by André Paquette, with the assistance of Jacques Paul-Hus, was composed of Nadia Hanine (Mergers & Acquisitions), Éric Gélinas (Taxation), Pierre Denis (Financial Services), Audrey-Julie Dallaire (Environment), Carolle Vaudry and Isabelle Normand (Corporate).
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Éric Gélinas and Audrey Gibeault speak at the Colloque en droit des sociétés
On November 23, Éric Gélinas and Audrey Gibeault, respectively a partner and an associate of the Business Law group, spoke during the Colloque en droit des sociétés held in the Conference Centre at the Intercontinental Hotel. Over 60 people attended and listened to a presentation on tax pitfalls to avoid entitled “Pièges à éviter en matière fiscale pour un avocat en droit des affaires”.
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Lavery mentioned in DealsWire and Big Deals (Lexpert) regarding the representation of Logistec in an acquisition
Lavery mentioned in DealsWire and Big Deals (Lexpert) regarding the representation of Logistec in an acquisition.
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Éric Gélinas publishes a book on “butterfly” reorganizations
Éric Gélinas, counsel at Lavery in the firm’s Corporate Law group and associate professor in the Tax Department at Université de Sherbrooke’s Faculty of Administration, published a volume entitled “L'article 55 L.I.R. et les réorganisations papillon, 2e édition” (“Section 55 (I.T.A.) and Butterfly Reorganizations, 2nd edition”). This work expounds on the “butterfly” reorganization technique as well as otheraspects of Section 55. For more information about this reference book designed specifically for tax professionals working in the business mergers, acquisitions and reorganization field or to purchase the volume, click here.
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The Société du Plan Nord and two members of the Réseau Capital Baie-James announced an important investment in Innord to develop an innovative new rare earth elements separation process
The Société du Plan Nord, and two members of the Réseau Capital Baie-James, who are la Société de Développement de la Baie-James (SDBJ) and l’Administration régionale Baie-James (ARBJ), announced on March 3, 2016, an $500,000 investment in Innord Inc., a subsidiary of GéoMégA Resources inc. Sébastien Vézina, Guillaume Synnott and Éric Gélinas, three lawyers in the firm’s Business law group acted as legal counsel for the involved parties. The investment will be used to develop an innovative new process that will significantly improve the environmental performance of rare earth elements separation. Read the Société du Plan Nord press release here. Sébastien Vézina Guillaume Synnott Éric Gélinas
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Éric Gélinas, speaker at the tax conference on business reorganization
Éric Gélinas, a counsel at Lavery, will take part in the 4th edition of the tax conference on business reorganization which will take place on November 17 and 19, 2015, in Quebec City and Montreal respectively. Mr. Gélinas will discuss the tax rules regarding Parts IV.1 and VI.1 of the Income Tax Act (ITA) and address particular situations using scenarios. These ITA provisions are often misunderstood and their unexpected application within the frame of business reorganizations might cause adverse tax consequences. For more information on this conference, click here (in French only).
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Éric Gélinas gives a conference on anti-avoidance rules at the Canadian Tax Foundation’s Technical seminar on private corporations
On January 29, 2015, Mr. Éric Gélinas, legal counsel at Lavery and member of the Business Law Group, gave a conference entitled “Specific Anti-Avoidance Rules: paragraphs 56(2), 75(2), 83(2.1), 83(2.2) and 83(2.4) ITA – within the scope of corporate reorganization and corporate sale planning” (Les règles anti-évitement spécifiques: paragr. 56(2), 75(2), 83(2.1), 83(2.2) et 83(2.4) LIR – dans le cadre de la réorganisation corporative et de la planification de vente d’entreprise) during the Canadian Tax Foundation’s Technical seminar on private corporations. For more information about the seminar, please click here.
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Lavery acts for consortium led by Magris Resources Inc. in the completion of the acquisition of the Niobec mine for a total consideration of US$530 million
Lavery is pleased to announce it has acted as legal counsel for the Province of Québec to a consortium led by Magris Resources Inc. in the completion of the acquisition of Niobec Inc., a subsidiary of IAMGOLD Corporation (TSX : IMG, NYSE: IAG) and one of the world’s three primary niobium producers. The total consideration of US$530 million was comprised of a US$500 million cash proceeds payable at closing, as well as an additional US$30 million payable upon commencement of commercial production from adjacent rare earths element properties. Lavery also acted as local counsel in connection with the financing of the acquisition. Lavery’s transactional and financing team was led by Mr. Sébastien Vézina (M&A and Mining Law) and Mr. Benjamin Gross (Financing), and included Mr. René Branchaud (Mining Law), Ms. Nicole Messier and Ms. Carole Gélinas (Real Estate Law and Mining Titles), Ms. Sophie Prégent (Environmental Law), Ms. Catherine Méthot and Mr. Raphaël Bacal (M&A), Mr. François Parent (Pension and Benefits), Ms. Catherine Maheu, Mr. Guy Lavoie and Ms. Valérie Korozs (Labour and Employement), Mr. Éric Gélinas (Tax Law), Mr. Pierre Denis and Ms. Anne-Sophie Lamonde (Financing).