Chima Ubani

Chima is a partner in the Emerging and High Growth Companies Group of our Montreal office and Chair of Osler's Venture Fund Group. He practices corporate and securities law with an emphasis on private equity/venture capital fund formations and investments, emerging companies, corporate finance and private mergers and acquisitions.

Chima has acted for various private equity and venture capital funds in connection with their structuring and formation. He also has experience advising pension funds in connection with their investments in Canadian and international private equity funds. Chima regularly advises emerging companies at all stages of growth as well as the venture capital funds and other investors that finance them. He has also acted for corporations and investment banks in connection with corporate finance transactions and has extensive experience advising buyers and sellers in connection with acquisitions and dispositions of shares and assets.

In 2020 Chima was recognized as a Lexpert Rising Star: Leading Lawyers Under 40.

Representative Work

  • iNovia Capital Inc., in connection with the formation of its new venture capital fund, iNovia Investment Fund 2015, which raised $175,000,000.
  • Information Venture Partners, in connection with the formation of its new venture capital fund, Information Venture Partners II, which raised $72,500,000 at its initial closing.
  • HarbourVest Partners in connection with the formation of HarbourVest Canada Growth Fund, a venture capital fund of funds formed as part of the Government of Canada’s Venture Capital Action Plan. The fund raised $197 million at its initial closing.
  • TPG Capital LP in connection with its agreement to form a partnership (with Fosun, Caisse de dépôt et placement du Québec and Guy Laliberté) and to acquire the Cirque du Soleil (the largest private equity deal in Québec in 2015).
  • Blockstream Corporation in connection with Seed and Class A preferred share financings.
  • H.I.G. Capital, in connection with the acquisition of ATX Networks Corporation.
  • Formation of the following private equity / venture capital funds: Teralys Capital Fund of Funds, Rho Canada Ventures II, Persistence Capital Partners, Lumira Capital II, Merck Lumira Biosciences Fund, iNovia Investment Fund III, TVM Life Science Ventures VII, Réal Investment Fund (Real Ventures), CTI Life Sciences Fund and others.
  • TELUS Corporation in connection with its 2015 acquisition of a 20% interest in Alithya, a Quebec based IT and consulting services provider.
  • Rho Capital, iNovia Capital, Real Ventures, BDC Capital, Cycle Capital, in several equity and debt investments in emerging companies.
  • Chemtrade Logistics Income Fund in connection with the sale of its Montreal East sulphur removal and compliance services business to Suncor Energy Products Inc. for $120 million.
  • J.P. Morgan and the other initial purchasers in connection with private placements by New Gold Inc. of US$300 million and US$500 million senior notes in the United States and Canada
  • MEGA Brands Inc. in connection with its US$460 million acquisition by Mattel.
  • TELUS Corporation in connection with the 2012 acquisitions of privately held KinLogix, the largest provider of cloud-based Electronic Medical Records (EMR) in Quebec, and of Wolf Medical Systems, Canada’s leading EMR solution provider.
  • MEGA Brands Inc. in a recapitalization under the Canada Business Corporations Act including a debt reduction of approximately US$290 million; a public bought deal of subscription receipts in an amount of $110 million and a US$121.25 million private placement of common shares, debentures and warrants.
  • March Networks Corporation, World Color Press Inc., Tim Horton’s Inc., Miranda Technologies Inc., Kinross Gold Corporation, NOVA Chemicals Corporation, TELUS Corporation and Groupe CVTech Inc., among other issuers, in the preparation and implementation of shareholder rights plans and defense planning.

Latest Insights

  • Osler Update Jan 27, 2023

    VC funds – not one size fits all

    The aggregation of private capital for the purpose of investing in startups and emerging and high growth companies continues to be one of the drivers...

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  • Osler Update Dec 13, 2021

    VC fund managers innovate to keep pace

    Activity levels in the venture capital (VC) and growth equity market in 2021 show no signs of slowing down.

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  • Osler Update Jul 25, 2017

    VC and PE firm codes of conduct

    Recent events at certain venture capital (VC) firms in Silicon Valley have brought into focus the importance of VC and private equity firms adopting...

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Awards and Recognition

  • The Canadian Legal Lexpert Directory: Recognized in Investment Funds & Asset Management
  • Lexpert Rising Stars: Leading Lawyers Under 40: Recognized as a Rising Star (2020)
  • Best Lawyers in Canada: Recognized in Mergers and Acquisitions Law; Private Funds Law; "Lawyer of the Year", Private Funds Law (2022)

Media Mentions

  • Osler News Aug 8, 2022

    Osler’s Emerging and High Growth Companies practice launches Venture Fund Group

    Osler’s Emerging and High Growth Practice is proud to announce the formation of a dedicated Venture Fund Group.

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  • Osler News Aug 26, 2021

    Osler recognized in 2022 edition of Best Lawyers Canada

    Osler is proud to announce that 168 of our lawyers have been recognized in the 2022 Best Lawyers Canada rankings

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  • Osler News Feb 19, 2021

    Lexpert recognizes 21 Osler lawyers as technology leaders

    Osler is pleased to announce 21 of our lawyers have been recognized as leading lawyers in the Lexpert Special Edition: Technology 2021.

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  • Osler News Nov 16, 2020

    Alex Gorka and Chima Ubani recognized as Lexpert Rising Stars: Leading Lawyers Under 40

    Osler is pleased to congratulate Alex Gorka and Chima Ubani for being recognized as 2020 Lexpert Rising Stars: Leading Lawyers Under 40.

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Speaking and Writing

Published Work



  • McGill University, LL.B/B.C.L.
  • McGill University, B.Sc. (Biochemistry)


  • French
  • English

Professional Affiliations

  • Barreau du Québec
  • Canadian Bar Association