David’s practice focuses on corporate tax planning in a public and private context, including the tax aspects of mergers and acquisitions, corporate reorganizations, corporate finance and capital market transactions both from a domestic and cross-border perspective. In particular, he has extensive experience advising pension funds/tax-exempt entities, income funds, real estate investment trusts and private equity sponsors.
Areas of Expertise
Representative Work
- Nelnet Inc.
Nelnet Inc. in its agreement to acquire the student loan servicing business of Finastra in Canada
- Hydro One Inc.
Hydro One in its $1.1-billion offering of Medium Term Notes under Sustainable Financing Framework
- 180 Degree Capital
180 Degree Capital Corp. in its merger with Mount Logan Capital Inc.
- Boliden
Boliden in its acquisition of the Neves-Corvo and Zinkgruvan mines for US$1.3 billion plus contingent payments
- NOVA Chemical Corporation
NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes
- Chartwell Retirement Residences
Chartwell in the establishment of its $250-million at-the-market equity distribution program
- Spire Global
Spire Global in its agreement to sell its maritime business for approximately US$241 million
- Chartwell Retirement Residences
Chartwell in its $150-million debentures offering
- ParaPRO
ParaPRO LLC in its US$89.5-million asset sale to Cipher Pharmaceuticals
- Chartwell Retirement Residences
Chartwell in its $345 million trust unit offering
- Emera
Emera Inc. in the sale of its interest in the Labrador Island Link
- Trilogy
Trilogy in its take-private of Indigo Books & Music
- Fusion Pharmaceuticals Inc.
Fusion Pharmaceuticals in its acquisition by AstraZeneca
- Xos
Xos in its business combination with ElectraMeccanica
- iCON Infrastructure
iCON Infrastructure in its investment in QSL
- NOVA Chemicals Corporation
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- Q4
Q4 in its acquisition by Sumeru Equity Partners
- Special Committee of Tricon Residential
Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone
- Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund in its $110 million public offering of convertible debentures
- Hydro One Inc.
Hydro One in its inaugural $1.05 billion offering of Medium Term Notes under New Sustainable Financing Framework
- VAALCO Energy
VAALCO in its US$307 million business combination with TransGlobe
- Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund in its $86.5 million bought deal equity offering
- H2 Ventures 1 Inc.
H2 Ventures 1 Inc. in its $5 million initial public offering on the TSX Venture Exchange
- MindBeacon
MindBeacon in its acquisition by CloudMD
- The Underwriters
The Underwriters in Canadian Pacific Railway Company’s US$8.45 billion note offering
-
Corus Entertainment Inc. in connection with its proposed $2.65 billion purchase of Shaw Media Inc. from Shaw Communications Inc.
-
Emera Inc. in its proposed US$10.4 billion acquisition of TECO Energy Inc. and $1.9 billion Bought Deal Offering of Convertible Debentures
-
Canadian counsel to BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business
-
Calloway REIT in all aspects of its $1.2 billion acquisition of 24 retail shopping centres from entities affiliated with Mitchell Goldhar, Walmart Canada Realty Inc. and 6 other vendors
-
Calloway REIT in connection with various issuances of debentures
-
Ventas Inc. on its $980 million acquisition of 29 independent living seniors housing communities from Holiday Retirement Corp.
-
Ventas, Inc. in connection with the issuance of $650 million aggregate principal amount of senior notes by its wholly-owned subsidiary, Ventas Canada Financial Limited, pursuant to a Canadian private placement
-
OPTrust in connection with its co-investment in Dental Corporation of Canada Holdings Inc.
-
OPTrust in connection with its co-investment in St. George’s University
-
The ADT Corporation in its $555 million acquisition of Reliance Protectron from Alinda Capital
-
DSW Inc. in its agreement to purchase an approximately 49% interest in Town Shoes Limited
-
Penfund in connection with its investment in Mevotech L.P.
-
Chemtrade Logistics Income Fund in its US $860 million acquisition of General Chemical Holding Company
-
Cara Operations Limited in connection with its recapitalization transaction including the acquisition of Prime Restaurants Inc.
-
Chartwell Seniors Housing Real Estate Investment Trust in connection with its $931 million acquisition of a Canadian seniors housing portfolio in a 50/50 co-ownership with Health Care REIT, Inc.
-
Target Corporation, in connection with a $1.825 billion acquisition in Canada and establishment of its Canadian operations
-
Chemtrade Logistics Income Fund in its acquisition of Marsulex Inc.
-
Sterling Partners and Canada Pension Plan Investment Board, in connection with their $324 million acquisition of the assets of Livingston International Income Fund.
Nelnet Inc. in its agreement to acquire the student loan servicing business of Finastra in Canada
Hydro One in its $1.1-billion offering of Medium Term Notes under Sustainable Financing Framework
180 Degree Capital Corp. in its merger with Mount Logan Capital Inc.
Boliden in its acquisition of the Neves-Corvo and Zinkgruvan mines for US$1.3 billion plus contingent payments
NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes
- Chartwell Retirement Residences
Chartwell in the establishment of its $250-million at-the-market equity distribution program
- Spire Global
Spire Global in its agreement to sell its maritime business for approximately US$241 million
- Chartwell Retirement Residences
Chartwell in its $150-million debentures offering
- ParaPRO
ParaPRO LLC in its US$89.5-million asset sale to Cipher Pharmaceuticals
- Chartwell Retirement Residences
Chartwell in its $345 million trust unit offering
- Emera
Emera Inc. in the sale of its interest in the Labrador Island Link
- Trilogy
Trilogy in its take-private of Indigo Books & Music
- Fusion Pharmaceuticals Inc.
Fusion Pharmaceuticals in its acquisition by AstraZeneca
- Xos
Xos in its business combination with ElectraMeccanica
- iCON Infrastructure
iCON Infrastructure in its investment in QSL
- NOVA Chemicals Corporation
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- Q4
Q4 in its acquisition by Sumeru Equity Partners
- Special Committee of Tricon Residential
Special Committee of Tricon Residential in its US$3.5 billion acquisition by Blackstone
- Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund in its $110 million public offering of convertible debentures
- Hydro One Inc.
Hydro One in its inaugural $1.05 billion offering of Medium Term Notes under New Sustainable Financing Framework
- VAALCO Energy
VAALCO in its US$307 million business combination with TransGlobe
- Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund in its $86.5 million bought deal equity offering
- H2 Ventures 1 Inc.
H2 Ventures 1 Inc. in its $5 million initial public offering on the TSX Venture Exchange
- MindBeacon
MindBeacon in its acquisition by CloudMD
- The Underwriters
The Underwriters in Canadian Pacific Railway Company’s US$8.45 billion note offering
-
Corus Entertainment Inc. in connection with its proposed $2.65 billion purchase of Shaw Media Inc. from Shaw Communications Inc.
-
Emera Inc. in its proposed US$10.4 billion acquisition of TECO Energy Inc. and $1.9 billion Bought Deal Offering of Convertible Debentures
-
Canadian counsel to BMO Financial Group in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance Business
-
Calloway REIT in all aspects of its $1.2 billion acquisition of 24 retail shopping centres from entities affiliated with Mitchell Goldhar, Walmart Canada Realty Inc. and 6 other vendors
-
Calloway REIT in connection with various issuances of debentures
-
Ventas Inc. on its $980 million acquisition of 29 independent living seniors housing communities from Holiday Retirement Corp.
-
Ventas, Inc. in connection with the issuance of $650 million aggregate principal amount of senior notes by its wholly-owned subsidiary, Ventas Canada Financial Limited, pursuant to a Canadian private placement
-
OPTrust in connection with its co-investment in Dental Corporation of Canada Holdings Inc.
-
OPTrust in connection with its co-investment in St. George’s University
-
The ADT Corporation in its $555 million acquisition of Reliance Protectron from Alinda Capital
-
DSW Inc. in its agreement to purchase an approximately 49% interest in Town Shoes Limited
-
Penfund in connection with its investment in Mevotech L.P.
-
Chemtrade Logistics Income Fund in its US $860 million acquisition of General Chemical Holding Company
-
Cara Operations Limited in connection with its recapitalization transaction including the acquisition of Prime Restaurants Inc.
-
Chartwell Seniors Housing Real Estate Investment Trust in connection with its $931 million acquisition of a Canadian seniors housing portfolio in a 50/50 co-ownership with Health Care REIT, Inc.
-
Target Corporation, in connection with a $1.825 billion acquisition in Canada and establishment of its Canadian operations
-
Chemtrade Logistics Income Fund in its acquisition of Marsulex Inc.
-
Sterling Partners and Canada Pension Plan Investment Board, in connection with their $324 million acquisition of the assets of Livingston International Income Fund.
Latest Insights
-
Osler Update August 6, 2021
The Canadian federal interest withholding tax regime
Most payments of interest made by Canadian borrowers to arm’s length non-Canadian lenders do not attract Canadian federal withholding tax, while...
Read more
Community Involvement
- Law Help Ontario, Volunteer
Speaking and Writing
Published Work
- Notional Expenses of a Permanent Establishment: the OECD Rewrites Article 7, XIV:1 (2011) (co-authored with Matias Milet)
Credentials
Education
- Osgoode Hall Law School, J.D.
- McGill University, M.Sc.
- McGill University, B.Sc.
Languages
- English
Professional Affiliations
- Law Society of Ontario
- Canadian Bar Association
- Ontario Bar Association