Montreal, February 23, 2011 – Lavery is pleased to announce that its Business and Securities Law team was involved in a number of notable transactions valued at over $1.7 billion in 2010 which included the following transactions:
Cominar Real Estate Investment Trust completed a $86.25 million public offering of convertible unsecured subordinated debentures. Marc Rochefort, Michel Servant, Philip Nolan and Guillaume Lavoie advised the syndicate of underwriters led by National Bank Financial Inc. and BMO Nesbitt Burns Inc.
Pharmaxis Ltd., a publicly-traded Australian company, acquired Topigen Pharmaceutical Inc., a clinical-stage Canadian biopharmaceutical company, in a share exchange transaction. Benoit Morel, Luc Pariseau, Phillipe Asselin and Catherine Rioux advised Pharmaxis Ltd. in this transaction valued at approximately $25 million.
Industrial Alliance, Insurance and Financial Services Inc., completed a $200 million public offering of common and preferred shares. The shares were sold to a syndicate of underwriters led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. Marc Rochefort, Michel Servant, Philip Nolan and Guillaume Lavoie acted on behalf of Industrial Alliance.
TSO3 Inc. completed a $16 million public offering of common shares. The shares were sold to a syndicate of underwriters led by Canaccord Adams and Versant Partners Inc. Claude Lacroix, René Branchaud, Josianne Beaudry and Marie-Eve Clavet represented TSO3 Inc.
Cominar Real Estate Investment Trust completed a $115 million public offering of units. The units were sold to a syndicate of underwriters led by National Bank Financial Inc. and BMO Nesbitt Burns Inc. Marc Rochefort, Michel Servant, Philip Nolan and Guillaume Lavoie advised the underwriters.
Richmont Mines Inc. completed a $16.5 million public offering of common shares. The shares were sold to a syndicate of underwriters led by Desjardins Securities Inc. René Branchaud and Josianne Beaudry represented the underwriters.
OMERS Private Equity Inc. acquired Logibec Groupe Informatique Ltd. for a consideration of approximately $235.5 million. Lavery acted as Quebec counsel to OMERS with a team comprised of Michel Servant, François Renaud, Benjamin Gross, Édith Jacques, Catherine Maheu and Guillaume Lavoie.
IAMGOLD Corporation completed a $41.5 million private placement of flow-through shares. Michel Servant, Philip Nolan and Guillaume Lavoie acted for IAMGOLD.
Green Mountain Coffee Roasters Inc. executed a share purchase agreement with LJVH Holdings Inc., a subsidiary of Littlejohn & Co., LLC, in connection with its acquisition of Van Houtte Inc. for a cash purchase price of $915 million. Lavery acted as Quebec counsel on behalf of Green Mountain Coffee Roasters Inc. Lavery’s team consisted of Carl M. Ravinsky, Melanie Chartrand, Jean Tessier, Sive Burns, Chantal Joubert, Catherine Rioux, France Legault, Catherine Maheu, Yvan Biron and Sophie Prégent.
Golden Goose Resources Inc. and Kodiak Exploration Ltd. agreed to combine business operations by way of a plan of arrangement. Benoît Morel, Josianne Beaudry, Philippe Asselin and Jocelyne Gagné represented Golden Goose Resources Inc. in this share exchange transaction valued at over $20 million.
“Our Business and Securities Law team was once again very active throughout 2010,” declared Marc Rochefort. “Lavery is major player in corporate finance and mergers and acquisitions in Quebec and, given the current climate, we look forward to an equally active year in 2011.”