Davies Ward Phillips & Vineberg

Canada

IFLR1000 Reviews

Financial and corporate

A very balanced firm, Davies maintains strong banking, debt capital markets, equity capital markets, M&A, project development, project finance and restructuring and insolvency practices.  

The firm worked with a number of underwriters on equity and debt capital markets deals in industries such as gaming, financial services and cannabis over the research period.  

The capital markets team hired partner Aaron Atkinson from Fasken over the research period.  

Recent Deal Data highlights 

•Aurora Cannabis C$3.2 billion acquisition of MedReleaf 

•Brookfield Infrastructure Partners C$4.3 billion acquisition of Enercare 

•Brookfield Renewable Partners C$750 million investment in TransAlta  

•Constellation Brands C$5 billion investment in Canopy Growth 

•Groupe Michelin C$1.7 billion acquisition of Camso 

•Ipsen $1.31 billion acquisition of Clementia Pharmaceuticals 

•Lions Gate Capital $520 million 5.875% bond issue 

•The Stars Group $950 million secondary offering

Client feedback 

“Great service. Great quality work.” – Banking  

“Strengths: excellent depth of experience to draw on - including project finance, insolvency and insights into regulatory environment for new industry; reliability, availability and quick response time; and pragmatism and creative problem solving. The senior lawyer is always the main contact. Pro-active on many occasions (i.e. in making suggestions), follows up without prompting and excellent at negotiations and other interactions with borrower counsel.” – Banking  

“Davies is an outstanding firm with exceptional lawyers who are very bright and capable. They staff files leanly, which means they are efficient and the whole team is aware of what is happening on the transaction. They also have innovative solutions to complex problems.” – Banking  

“Great firm with strong lawyers.” – Banking  

“Very knowledgeable of cross-border issuance matters, specifically considerations for SEC-registered issuers. Provided practical advice throughout the process and was very commercially focused.” – Capital markets: Debt 

“They provide valuable advice and pay attention to details without getting distracted by them. I wish the agreements were easier to understand for end-users.” – Capital markets: Debt 

“Davies (and in particular our lawyer, Olivier Desilets) is always available, tireless and creative, with incredible attention to detail.  More than anything, it has the ability to provide creative solutions to problems.” – Capital markets: Equity 

“Excellent, professional and timely. The firm provides valuable advice and recommendations, meets deadlines and demonstrates genuine concern and care about our file.” – M&A 

“Excellent. High quality, timely and thorough.” – M&A 

“Fantastic.  Always creative, flexible and responsive. Solves issues with creative solutions” –M&A 

“Top shelf legal and strategic advice; organized and efficient; incredibly responsive; impeccable work product; and a team that is deep and works together seamlessly across disciplines.” – M&A 

“Excellent work across all practice areas” – M&A  

“Exceptional performance. The contract negotiations and agreement is completely in line with our expectations. Very satisfied.” – Project development 

“Outstanding. Unparalleled breadth and depth, with a constant focus on what really matters to us.” – Project finance 

“One of the leading firms in the country in all areas. Excellent restructuring and insolvency group. Recognized as a leading practice. Practical and sensible legal advice. Largely cost-effective. Excellent on all matters. Broad depth of expertise can be brought to restructuring mandates.” – Restructuring and insolvency 

“The firm's work is the best in the business. Our contacts are readily accessible. We enjoy great creativity from the firm and the counsel forms an integral part of the team in developing and implementing strategies.” – Restructuring and insolvency