Paul D. Davis

Advising public company issuers dissidents and investors, across all key industry sectors with respect to numerous high-profile proxy fights and precedent setting contested transactions. These include representing:
- Madison Dearborn Partners in connection with its US$960 million acquisition of IPL Plastics Inc. (TSX:IPLP).
- The Catalyst Capital Group Inc. in its successful transaction to enhance shareholder value in connection with the going private transaction of Hudson’s Bay Company (TSX: HBC).
- Certain shareholders of Eco Oro Minerals Corp. (TSX:EOM) in connection with a requisitioned shareholders’ meeting to reconstitute the board, various litigation relating thereto and a settlement between Eco Oro and shareholders representing approximately 66.3% of the issued and outstanding common shares of Eco Oro.
- Aurora Cannabis (TSX:ACB) in its unsolicited takeover bid for CanniMed Therapeutics Inc. (TSX:CMED).
- Photon Control Inc. in a proxy fight led by three of the company’s directors in a dispute between a deadlocked board of directors.
- Harrington Global in the successful reconstitution of the boards of Dacha Strategic Metals Inc. (TSXV:DSM) and Longford Energy Inc. (TSXV:LFD).
- The principal shareholder of Goldstone Resources (TSX:GRC) in the successful reconstitution of the board.
- Columbus Gold Corp. (TSX:CGT) (OTCQX:CBGDF) in its successful pursuit of the reconstitution of the board of directors of Eastmain Resources Inc. (TSX:ER-T) and the termination of the CEO of Eastmain.
- Western Wind Energy (TSX:WND) on successful proxy fight defence.
The Catalyst Capital Group Inc., in its capacity as plan sponsor in the restructuring of Pacific Exploration & Production Corporation, which resulted in the conversion of US$5.5 billion of unsecured listed bonds and bank lender debt into equity, and the funding by Catalyst of US$240 million also converted into equity on closing of the plan.
Niko Resources Ltd. (TSX:NKO) in connection with its US$340 million senior term loan credit facilities and amendment to the indenture governing its 7% senior secured convertible notes (CAD$115 million).
Wausau Financial Systems Inc., a subsidiary of Deluxe Corporation (NYSE:DLX), in its acquisition by plan of arrangement of all of the issued and outstanding shares of RDM Corporation (TSX:RC).
Israel Chemicals Ltd. (TLV:ICL) in the approximately US$164 million acquisition of Allana Potash Corp. (TSX:AAA).
The Catalyst Capital Group Inc. in connection with the $3 billion restructuring of Homburg Invest Inc., including an investment and the transfer of the valuable European property portfolio to a newly established European listed company controlled by Catalyst.
Petroflow Energy Corporation in the approximately US$200 million acquisition of all the shares of Equal Energy Ltd.; and a related US$51 million defeasance of Equal Energy’s (NYSE:EQU) (TSX:EQU) outstanding listed debentures.
Detour Gold Corporation (TSX:DGC ) in a US$500 million private placement financing of convertible notes.
private and public companies and independent directors thereof in connection with corporate governance matters.
The Bank of Nova Scotia, as administrative agent for a syndicate of lenders that included all six major Canadian banks, along with Desjardins, in negotiating a settlement of the lenders’ CAD$369 million loans to Yellow Media Inc. in connection with a CAD$2.4 billion recapitalization transaction pursuant to a plan of arrangement under the Canada Business Corporations Act and a termination and settlement agreement with the lenders under Yellow Media’s former credit agreement.

Paul D. Davis

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Insights (32 Posts)

Fireside Discussion with Grant Vingoe, OSC Acting Chair

Deals & Cases (12 Posts)