This section keeps you up-to-date on the latest news and upcoming public appearances of Lavery professionals.
News
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Lavery represents Industrial Alliance in a $237.3 million bought deal financing
On February 27, 2013, Industrial Alliance Insurance and Financial Services Inc. completed a bought deal financing pursuant to which it issued 6,330,000 Common Shares at a price of $37.50 per Common Share for total aggregate gross proceeds of approximately $237.3 million. The net proceeds of this offering will be used to redeem all of the outstanding 8.25% subordinated debentures due March 27, 2019 with a nominal value of $100 million and to redeem all of the Industrial Alliance Trust Securities – Series A (IATS) with a nominal value of $150 million. The Common Shares were sold to a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Nesbitt Burns Inc. and including RBC Dominion Securities, Scotia Capital Inc., CIBC World Markets Inc., TD Securities Inc., Desjardins Securities Inc. and Industrial Alliance Securities Inc. Industrial Alliance was represented in-house by Douglas Carrothers, Vice-President, Legal Services and Corporate Secretary and Jennifer Dibblee, Director, Corporate Affairs, Legal Department; and by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax).Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company with operations in all regions of Canada as well as in the United States.
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Lavery Represents the Syndicate of Agents in the Re-opening of Cominar's 4.23% Series 2 Debentures in the Principal Amount of $100 Million
On February, 8, 2013, Cominar Real Estate Investment Trust completed the re opening of its 4.23% Series 2 senior unsecured debentures due December 4, 2019 in the principal amount of $100 million. The debentures were offered to the public by a syndicate of agents led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including Desjardins Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. The syndicate of agents was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Cominar is the third largest diversified real estate investment trust in Canada and the largest commercial property owner in the Province of Québec.
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Lavery represents the syndicate of agents in the offering of $200 million of 4.23% series 2 senior unsecured debentures of Cominar Real Estate Investment Trust
On December 4, 2012, Cominar Real Estate Investment Trust completed a public offering of $200 million aggregate principal amount of 4.23% Series 2 senior unsecured debentures due December 4, 2019, for total net proceeds to Cominar of approximately $199.0 million. The debentures were offered to the public by a syndicate of agents led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including Desjardins Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. The syndicate of agents was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Cominar is the third largest diversified real estate investment trust in Canada and the largest commercial property owner in the Province of Québec.
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Lavery welcomes six new lawyers
Lavery is pleased to announce that six lawyers have joined the firm in the last few weeks. The new lawyers will be members of three of Lavery’s practice groups. Business Law Mr. Louis Thibault-Germain 2009 Mr. Simon Lacerte-Lamontagne 2007 Mr. Jean-Philippe Latreille 2010 LitigationMs. Laure Bonnave* 2012Ms. Émilie Laplante Paquin* 2012 Administrative LawMr. Guillaume Laberge* 2012 *Articling student at Lavery.The year of call to the Quebec Bar appears after each name. "The addition of these lawyers shows Lavery’s desire to attract young talent who will reinforce our practice groups. Three of these lawyers completed their articling with the firm, demonstrating our continued commitment to the development of professional skills within the firm, which is part of Lavery’s forward-looking business philosophy", said Don McCarty, Managing Partner of the firm.
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Lavery recognized by Lexpert magazine in one of the Top 10 Corporate Deals of 2012
Lavery was recognized as a significant player in one of the Top 10 Canadian Corporate Deals, being the acquisition of Canmarc Real Estate Investment Trust by Cominar Real Estate Investment Trust in an amount of $838.2 million, as reported in the January 2013 issue of Lexpert magazine. In this transaction, a team of Lavery composed of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax) represented the syndicate of underwriters led by National Bank Financial Inc. and BMO Nesbitt Burns Inc. in connection with equity financings of Cominar totalling nearly $350 million. For more information on the transaction, click here to consult pages 40 and 42 of Lexpert.
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Lavery represents Black Diamond in the acquisition of White Birch Paper Company in Quebec
On September 18, 2012, Black Diamond Capital Management, L.L.C. and BD White Birch Investment LLC announced the acquisition of the assets of White Birch Paper Company, the second largest newsprint manufacturer in North America. This transaction represents an important milestone in the restructuring process of the business commenced more than two years ago and will ensure the long-term viability of the new company. Black Diamond, a US-based independently owned alternative investment firm, was represented in Quebec by a multidisciplinary team from Lavery, which included Jean-Yves Simard and Jonathan Warin (restructuring and insolvency), Catherine Maheu, Josée Dumoulin and François Parent (labour and employment; pension and benefits), Dominique Bélisle, Brigitte Gauthier, Chantal Joubert and Étienne Guertin (financing and real estate law), Jean-Sébastien Desroches, Guillaume Lavoie, Ariana Lisio and Maxime Bergeron (business transactions, mergers and acquisitions), Yvan Biron and Sophie Prégent (environment) as well as Philippe Asselin and Audrey Gibeault (tax law). The Lavery team demonstrated its expertise and worked closely with colleagues at Goodmans (Toronto) and Skadden (Chicago), both counsel to Black Diamond.
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Lavery represents the syndicate of agents in the offering of $125 million of 4.274% series 1 senior unsecured debentures of Cominar Real Estate Investment Trust
On June 15, 2012, Cominar Real Estate Investment Trust completed a public offering of $125 million aggregate principal amount of 4.274% Series 1 senior unsecured debentures due June 15, 2017, for total net proceeds to Cominar of approximately $124.1 million. The debentures were offered to the public by a syndicate of agents led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. The syndicate of agents was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Cominar is the third largest diversified real estate investment trust in Canada and the largest commercial property owner in the Province of Québec.
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Lavery represents Black Diamond in the acquisition of White Birch Paper Company in Quebec
On September 18, 2012, Black Diamond Capital Management, L.L.C. and BD White Birch Investment LLC announced the acquisition of the assets of White Birch Paper Company, the second largest newsprint manufacturer in North America. This transaction represents an important milestone in the restructuring process of the business commenced more than two years ago and will ensure the long-term viability of the new company. Black Diamond, a US-based independently owned alternative investment firm, was represented in Quebec by a multidisciplinary team from Lavery, which included Jean-Yves Simard and Jonathan Warin (restructuring and insolvency), Catherine Maheu, Josée Dumoulin and François Parent (labour and employment; pension and benefits), Dominique Bélisle, Brigitte Gauthier, Chantal Joubert and Étienne Guertin (financing and real estate law), Jean-Sébastien Desroches, Guillaume Lavoie, Ariana Lisio and Maxime Bergeron (business transactions, mergers and acquisitions), Yvan Biron and Sophie Prégent (environment) as well as Philippe Asselin and Audrey Gibeault (tax law). The Lavery team demonstrated its expertise and worked closely with colleagues at Goodmans (Toronto) and Skadden (Chicago), both counsel to Black Diamond.
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Lavery represents the syndicate of underwriters in the $172.5 million bought deal financing of units of Cominar Real Estate Investment Trust
On May 30, 2012, Cominar Real Estate Investment Trust closed a public offering of 7,279,500 units for gross proceeds of $172.5 million. The units were sold to a syndicate of underwriters led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. The syndicate of underwriters was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Cominar is the third largest diversified real estate investment trust in Canada and the largest commercial property owner in the Province of Québec.
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Lavery represents the syndicate of underwriters in the $201.2 million bought deal financing of units of Cominar Real Estate Investment Trust
On February 28, 2012, Cominar Real Estate Investment Trust closed a public offering of 9,168,950 units for gross proceeds of $201.2 million. The units were sold to a syndicate of underwriters led by National Bank Financial Inc. and BMO Nesbitt Burns Inc., including Desjardins Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Macquarie Capital Markets Canada Ltd. The syndicate of underwriters was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Cominar is the third largest diversified real estate investment trust in Canada and the largest commercial property owner in the Province of Québec.
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Guillaume Lavoie will give a training organised by the Fondation du maire, next June 14
Guillaume Lavoie, a lawyer with Lavery, will be giving the members of the Fondation du maire a one-day training on shareholders’ agreements and the potential issues arising from the rights and powers provided to the shareholders of a start-up company and the adoption of the rules regarding the management of such company, next June 14. The non-profit organization supports young Montréal companies through grants and various services like this free training seminar. Mr. Lavoie evaluates applications submitted to obtain a grant from the foundation and carries out various coaching activities for the foundation’s training program in order to help business members of the foundation who are seeking expertise and advice in business law.
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Lavery represents Industrial Alliance in $250 million offering of 4.75% fixed/floating subordinated debentures
On December 14, 2011, Industrial Alliance Insurance and Financial Services Inc. closed a public offering of 4.75% Fixed/Floating Subordinated Debentures for gross proceeds of $250.1 million. The subordination debentures were offered on an agency basis by a syndicate of dealers led by RBC Dominion Securities Inc. and TD Securities Inc., including BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., Casgrain & Company Limited and Industrial Alliance Securities Inc. Industrial Alliance was represented by a team from Lavery consisting of Marc Rochefort, Michel Servant, Guillaume Lavoie and Geneviève Fournier (corporate and securities), and Philip Nolan (tax). Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company with operations in all regions of Canada as well as in the United States.