Mergers and Acquisitions

BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business

Bank of Montreal
Key Contact
Douglas Marshall

Partner, Corporate, Toronto

Team
Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Patrick Marley

Partner, Tax, Toronto

David Davachi

Partner, Tax, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Adam Kardash

Partner, Privacy and Data Management, Toronto

John M. Valley

Partner, Corporate, Toronto

Kelly Moffatt

Partner, Franchise and Distribution, Toronto

 

On September 10, 2015, BMO Financial Group (“BMO”), Canada’s fourth-largest lender, announced the acquisition of GE Capital's Transportation Finance business in the U.S. and Canada.

The proposed transaction will grow BMO’s U.S. commercial banking business.

GE Capital's Transportation Finance business is the largest financier to the commercial truck and trailer segment in North America with a track record of providing wholesale and commercial end user financing solutions to the transportation industry for more than 40 years.

The transaction closed on December 1, 2015.

Osler advised on all Canadian regulatory and commercial aspects of the transaction, including on matters relating to Bank Act and consumer protection with a team comprised of Doug Marshall and Daniel Fombonne (Mergers & Acquisitions), Kashif Zaman, Kevin Whittam and Stephen Clark (Banking and Finance), Patrick Marley, Monica Biringer, David Davachi, Sean Aylward and  D’Arcy Schieman (Taxation), Doug Rienzo and Jon Marin (Pensions & Benefits), Daniel Wong (Employment & Labour), Kelly Moffatt (IT/IP), Shuli Rodal (Competition/Antitrust) and Adam Kardash (Privacy).

Value
-
Date Closed
December 1, 2015
Lead Office
Toronto
Key Contact
Douglas Marshall

Partner, Corporate, Toronto

Team
Shuli Rodal

Partner, Competition/Antitrust and Foreign Investment
Chair, Diversity Committee, Toronto

Patrick Marley

Partner, Tax, Toronto

David Davachi

Partner, Tax, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Adam Kardash

Partner, Privacy and Data Management, Toronto

John M. Valley

Partner, Corporate, Toronto

Kelly Moffatt

Partner, Franchise and Distribution, Toronto