The Canadian arm of the international firm Dentons is recognised for syndicated lending, capital markets note offerings and restructuring.
In banking and finance the firm mainly advised on the lender side in acquisition financing, asset-based lending and syndicated and mezzanine credit facilities in the mining, drug manufacturing, waste management and recycling, media, construction and real estate sectors.
In capital markets work the firm was extremely active in debt and equity offerings, particularly in Canada’s emerging cannabis sector. It mainly advised underwriters in the offerings of fixed-to-floating rate subordinated notes; senior high-yield and term notes, subscription receipts, and rate reset preferred shares. It also advised issuers in common share private and public offerings.
In M&A the firm had large mandates in the agriculture, renewable power and cannabis sectors, working for buyers and sellers. Notable clients include Bayer, Enbridge, Sky Power Global and PharmaCann.
In restructuring and insolvency the firm advised lending syndicates in cross-border restructurings and advised in Carillion Group companies’ creditors’ arrangement act (CCAA) proceedings.
In recent staffing changes, Gary Rose, Kevin Rooney, Adam Allouba, Mira Gauvin, Michael Sabusco, Kimberley Burns, Tim Theroux, Rick Skeith, Alex Farcas, Ora Wexler, Grant MacKenzie, James O’Sullivan, Kirsten Thompson, Bennett Wong and Jay Hayden were hired as partners in the research period. In departures, Ray Rutman, Ron Matheson, William Cheung, Dale Skinner and Frank Alexander retired and Trevor Morawski, Cynthia Hickey, Shawna Vogel, Kris Miks, Nicholas Roy, Jay Haugen and Joseph Palin left the firm.
Recent Deal Data highlights
•ARI Financial Services C$600 million financing
•Carillion Group restructuring
•Enbridge $750 million bond issue
•Flexiti Financial C$353 million financing
•MedMen Enterprises US$682 million acquisition of PharmaCann
•Poseidon Concepts restructuring
•Shaw Communications C$1 billion bond issue
•Wynnchurch Capital C$120 million financing
“Thorough analysis of the situation. Very commercial review of issues of concern. Thoughtful consideration of solutions to get things done.” – Capital markets: Equity
“Exceptional depth of knowledge of Canadian law with specific expertise in oil and gas. Additional cross-border capabilities provide balanced solutions for our clients.” – Capital markets: Equity
“Dentons has provided solid legal advice and has focused on being practical and finding solutions which is appreciated.” – Capital markets: Equity
“Very knowledgeable staff who are always ready to help.” – Financial services regulatory
“I have worked with Dentons (specifically Jay Duffield and Andrew Bourns) on several M&A transactions, several large-scale equity raises, and some structuring of our investment funds. They are dedicated to helping us successfully navigate these transactions to achieve our objectives. They are client focused and have never let me down on a key deliverable or deadline. They also bring a practical approach to risk management which gives me comfort that we're protected but allows us to efficiently conclude these transactions.” – Investment funds
“We have found Dentons to be highly articulate and professional. They have handled some highly complex M&A cases for us and the team, led by Tim Haney, was outstanding. Very strong and would highly recommend. The firm has some of the best lawyers in the country.” – M&A
“The Dentons team does an excellent job working with our clients. They provide clear concise feedback to our clients, quickly understand their business and do a good job of focusing on items in a transaction that are a risk to our clients without getting bogged down in minutia. They consistently win concessions for our clients that are critical deal points without slowing the process. Our clients find them trustworthy, honest and fair. The tax team does a good job structuring transactions and have found material tax savings for our clients. They are a great resource and add significant value for our clients. When selecting a firm we want a group that we can have open and honest dialogue with. We want a firm that can understand our clients business and who we can trust to quickly and competently close a transaction. We have never had any issues with Dentons. Negotiations and closings have always gone smoothly and that is a credit to their team. We have had issues with many of the other firms we deal with and that is why we consistently bring work to Dentons.” – M&A
“The work performed was excellent and of the highest quality. Concerns were answered promptly and appropriately. No weaknesses or negative feedback comes to mind.” – M&A
“Tim Haney is the lead on our file at Dentons and we have worked together for over 15 years. He brings the best teams to the plate and provides the best service in relation to cost in my experience.” – Real estate