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Feb 19, 2020

McMillan acted as lead counsel to The Catalyst Capital Group Inc. in connection with its successful fight to increase the offer price in the acquisition of Hudson’s Bay Company. This was one of the most high-profile transactions in Canada’s capital markets involving Hudson’s Bay Company, the oldest company in North America which was founded in 1670.

The matter resulted in the Ontario Securities Commission issuing new guidance regarding the role and responsibilities of a special committee in a conflicted going-private transaction and reconfirmed long-held principles regarding disclosure obligations of issuers.

Catalyst is a Canadian private equity investment firm, which specializes in control and/or influence investments in distressed and undervalued Canadian situations. The Catalyst team collectively possesses more than 110 years of relevant experience in restructuring, credit markets and merchant and investment banking in both the U.S. and Canada.

The McMillan team was led by Paul Davis, and included Brett Harrison, Adam Chisholm, Sandra Zhao, Samantha Gordon, Jeffrey Levine and Kelly Kan.