David Davachi

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.


Representative Work

  • 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

  • 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 Aug 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