Founded in 1941, Torys has grown to five offices, including four in Canada and one in New York. Renowned for its M&A and project development work, the firm excels in finance, corporate, and projects practice areas. The banking team handles credit facilities, acquisition financing, and project financing, while the capital markets team supports issuers and underwriters in debt, equity, and securitization. The M&A team represents buyers, sellers, and private equity firms, and the projects team focuses on energy and infrastructure. Torys also addresses restructuring and insolvency issues for a diverse clientele. 

Highlights 

Torys advised on two landmark transactions of national significance in 2024. The firm represents Innovation, Science and Economic Development Canada in its proposed debt and equity investment in Telesat Canada to develop the Lightspeed Low Earth Orbit satellite constellation—the largest space program in Canadian history. This transformative project positions Canada at the forefront of the global New Space Economy, bridging the digital divide and driving innovation. Additionally, Torys acts as Canadian counsel to Viterra Limited and its shareholders in Viterra’s proposed merger with Bunge Limited, creating a global agribusiness leader. The deal involved complex competition and public interest reviews under Canadian law, requiring detailed negotiations and political-level approval by the Governor-in-Council. 

Key Clients  

Bain Capital, Brookfield Group of Companies, Canadian Western Bank, Department of Justice Canada, Scotiabank and Viterra Limited. 

Testimonials 

“The Torys team is highly competent and highly responsive. They worked alongside us and felt like they were part of our team rather than just a third-party advisor.” (M&A client) 

“Torys LLP's professionals are extremely knowledgeable, dependable and responsive. The quality of their work is outstanding.” (Project development client) 

“It is truly a full-service firm. Because it has project finance experience, we are able to rely on that, so we ensure that for every step we take and every contract signed, it is bankable. They are also very fast and responsive and knowledgeable.” (Project development client) 

“Torys has an excellent restructuring team comprised of top-end experienced practitioners (Demarinis/Bish/Bomhof) as well as up and coming partners recently entering their prime (Slavens), which has helped solidify capabilities and learned experience/expertise across generations.  It is very efficient with the expected fees closely matching or beating my expectations, having worked with many competitors.  Its full-service offering is critical to complex restructuring mandates that touch industry, human capital, financing, investigations, litigation, and other legal specialties - all of which the Torys team can capably fill.” (Restructuring client) 

“Adam is a terrific lawyer who is at the start of his prime with the opportunity to solidify himself as a go-to advisor in the Canadian market.  He is accountable, practical, and solution oriented.” (Restructuring client) 

“Krista Hill does everything extremely well.” (Project development client) 

“Chris Christopher is very knowledgeable in his area and in the jurisdiction (power purchase agreements for renewable projects in Alberta). He is very responsive and detailed and good at explaining difficult concepts.” (Project development client) 

“Huw has an incredible knowledge of corporate law and expertise when it comes to M&A in the energy sector. He also has a breadth of legal knowledge outside of just energy transactions. He is also great a problem solving.”