Capital Markets

The Underwriters in connection with the $403 million IPO by Alignvest Acquisition II Corporation on the TSX

Underwriters in connection with Alignvest Acquisition II Corporation’s IPO
Expertise
Capital Markets
Key Contact
James R. Brown

Partner, Corporate, Toronto

Team
Jeremy Brisset

Partner, Corporate, Montréal

Timothy Hughes

Partner, Tax, Toronto

Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Rob Lando

New York Managing Partner, New York

Kai Sheffield

Partner, Corporate, Toronto

 

On May 25, 2017, Alignvest Acquisition II Corporation completed its initial public offering ("IPO") of $402.5 million of Class A restricted voting units on the Toronto Stock Exchange (including the exercised of the Underwriters’ over-allotment option). The Toronto-based company had initially planned to raise $225 million from the IPO and increased the offering size.

Alignvest Acquisition II Corporation is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying acquisition. Its sponsor is Alignvest II LP, a limited partnership of which Alignvest II Corporation is the general partner, and which is indirectly controlled by Alignvest Management Corporation, a leading alternative investment management firm that seeks to deliver risk-adjusted returns for its clients, which include pension plans, foundations, and ultrahigh net worth family offices.

Osler, Hoskin & Harcourt LLP represented the underwriters (led by Scotia Capital and Citigroup) with a team consisting of James Brown, Shahir Guindi, Jeremy Brisset, Kai Sheffield, Rob Lando (Corporate), Tim Hughes, and Paul Seraganian (Taxation).

Value
$403 million
Date Closed
May 25, 2017
Lead Office
Toronto
Key Contact
James R. Brown

Partner, Corporate, Toronto

Team
Jeremy Brisset

Partner, Corporate, Montréal

Timothy Hughes

Partner, Tax, Toronto

Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Rob Lando

New York Managing Partner, New York

Kai Sheffield

Partner, Corporate, Toronto