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Chad Bayne

Chad Bayne

Partner, Emerging and High Growth Companies

Key Contact: Emerging and High Growth Companies

Key Contact: FinTech

Key Contact: Venture Capital


Contact Information

cbayne@osler.com

tel: 416.862.4708

Office

Toronto

Bar Admission

Ontario, 2002

Education
  • University of Ottawa, LL.B.
  • University of Waterloo, B.A.Sc. (Computer Engineering)
Language(s)
English

Chad practises corporate and securities law with a focus on mergers and acquisitions, corporate finance and corporate/commercial matters in the technology sector. He advises clients in connection with a variety of transactions including acquisitions and divestitures, venture capital, growth equity and private equity financings, joint ventures, strategic alliances and initial public offerings. As a founder and Co-Chair of Osler’s Emerging and High Growth Companies Practice Group, he advises various emerging companies operating in the information technology, biotechnology, cleantech and industrial technology sectors, the venture capital funds and investors that finance them and the strategic acquirors who buy them.

Chad has a wide range of industry-related experience in the information technology sector. He was seconded to the legal department of the Canadian subsidiary of a major computer hardware supplier. Further, before becoming a lawyer, he worked as both a software and hardware designer and also founded his own software design and consulting company.

Chad leverages his industry-related experience and computer engineering education to provide tailored advice to technology sector companies in connection with their M&A opportunities, investors in connection with their technology sector investment opportunities and emerging technology companies in connection with their day-to-day activities.

Chad also plays a central role in Osler’s efforts in Rotman’s Creative Destruction Lab, Next 36/Next AI, Peerscale (formerly AceTech Ontario), C100, CIX and League of Innovators (formerly The Next Big Thing).

  • Sun Life

    Sun Life’s $4 million investment in Planswell

  • Napier Park Financial Partners

    Napier Park’s US$10 million investment in 7shifts

  • Solink

    Solink in its $16.3 million Series A funding

  • Bain Capital Ventures

    Bain Capital Ventures’ $17 million Series A investment in Vention

  • JMI Equity

    JMI Equity's $115 million investment in Vena

  • SnapTravel

    SnapTravel in its $28 million Series A financing

  • Uken Games

    Uken Games in the sale of Bingo Pop to Jam City

  • Blue J Legal

    Blue J Legal in its US$7 million Series A financing

  • Ratehub

    Ratehub in its acquisition of MoneySense from Rogers Media

  • Drop

    Drop in its acquisition of Canopy Labs

  • ClearBanc

    ClearBanc in its US$70 million in Seed and Series A financing

  • Venrock

    Venrock's US$15 million Series B investment in Dapper Labs

  • Growlabs

    Growlabs in its acquisition by AdRoll Group

  • Telmetrics

    Telmetrics in its acquisition by Marchex for US$13.1 million in cash

  • Setter

    Setter in its US$10 million Series A financing

  • Validere

    Validere in its $7 million Seed financing

  • Chefs Plate

    Chefs Plate in its acquisition by HelloFresh

  • Kepler Communications

    Kepler Communications in its $20.8 million Series A financing

  • CrowdRiff

    BDC and Gibraltar Ventures in connection with CrowdRiff’s US$9 million Series A financing

  • Alert Labs

    Alert Labs in its acquisition by Watsco

  • DarwinAI

    DarwinAI in its $3.9 million Seed financing

  • Q4

    Q4 in its US$38 million Series C financing

  • Canvass Analytics

    Canvass Analytics in its US$5 million financing

  • Zensurance

    Zensurance in its sale of a majority stake to The Travelers Companies, Inc.

  • Chinova Bioworks

    Chinova Bioworks in its $2.6 million Seed financing

  • Technology

    • Affinio in its $11.4 million Series B financing. 
    • Affinium Pharmaceuticals in connection with its sale to Debiopharm.
    • Alphora Research in connection with its sale to Eurofins Scientific.
    • BDC Capital in connection with the merger of equals between Extreme Startups and Grow Lab.
    • BenchSci in its US$8 million Series A financing.
    • Blackboard in connection with its acquisition of Elluminate by way of statutory arrangement.
    • BNOTIONS in connection with its sale to Symbility.
    • Borrowell in connection with its $12 million Series A financing led by Portag3 Ventures, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union.
    • Citizen Hex in its Seed financing.
    • ChefHero in its Series A financing.
    • Chefs Plate in its $10 million Series C financing.
    • Deep Genomics in its US$13 million (approx.) Series A financing.
    • Drop in its US$5.5 million Seed financing; in its US$21 million Series A financing; and its acquisition of Canopy Labs.
    • Dyadem in connection with its acquisition by IHS by way of statutory arrangement.
    • Finaeo in its $2.25 million Seed financing.
    • Fullscript in its merger with Natural Partners.
    • FundThrough in its $34 million Series A financing.
    • Fusion Pharmaceuticals in connection with its US$46 million Series A financing.
    • Google in connection with various Canadian acquisitions, including AppBridge, Granata Decision Systems, DNNresearch, Bufferbox, Bump Technologies, SocialDeck and Adscape Media.
    • Hashtag Paid in its Series A financing.
    • Hearst Corporation in connection with its acquisition of Canadian Black Book.
    • Hootsuite in connection with all of its rounds of financing, including the US$165 million Series B financing involving Insight Venture Partners, Accel Partners and OMERS Ventures (the largest venture capital financing of a Canadian software company), and the acquisitions of LiftMetrix, AdEspresso, UberVU, BrightKit, Zeetl and Sales Prodigy.
    • IBM in connection with various Canadian acquisitions, including Varicent Software, Platform Computing, Algorithmics, Clarity Systems, Net Integration, Cognos, DataMirror, Watchfire and DWL.
    • iNovia Capital in Careguide's $6 million Series A financing.
    • Insception Biosciences in connection with acquisition of Lifebank by way of takeover bid.
    • Kensington Capital Partners in connection with Brightspark’s $6 million financing round.
    • Layer 6 in its acquisition by the Toronto-Dominion Bank.
    • LinkedIn in connection with its acquisition of Careerify. 
    • Loopio in its US$9 million Series A financing.
    • Marlin Equity Partners in connection with its acquisitions of Changepoint/Uniface and Longview Solutions.
    • Meta in connection with its sale to the Chan Zuckerberg Initiative.
    • Nulogy in connection with its $14 million growth financing lead by Tola Capital.
    • Numerous emerging technology companies and angel and VC investors (including BDC Capital, Genesys Capital, iNovia Capital, Rho Canada Ventures, Insight Venture Partners, Georgian Partners, Horizons Ventures and Gibraltar Ventures) in connection with various private financing transactions.
    • Ontario Teachers’ Pension Plan in connection with their joint acquisition of Q9 Networks with Bell Canada, Providence Equity Partners and Madison Dearborn Partners for approximately $1.1 billion in cash.
    • Outside Intelligence in connection with its sale to Exiger.
    • Platterz in its US$15 million Series A financing.
    • Preferred share investors in connection with the merger of equals between Dealfind.com and Teambuy.ca.
    • Preferred share investors in Epocal in connection with the structured acquisition transaction pursuant to which Alere (formerly Inverness Medical) agreed to acquire Epocal.
    • Professor Raquel Urtasun in her hiring by Uber to lead a new Toronto-based research and development centre for its Advanced Technologies Group.
    • Q4 in connection with its $22 million growth financing; in its US$38 million Series C Financing; and its acquisitions of Oxford Intelligence and the EuroInvestor IR Solutions.
    • Resson in connection with its $14 million Series B financing lead by Monsanto Growth Ventures; and in its $14 million Series C financing.
    • Right-Health in its acquisition of Akira Medical.
    • Ritual in its US$43.5 million Class B Preferred Share financing; and in its US$70 million Series C financing.
    • Rubikloud in connection with its US$37 million Series B financing.
    • Sanja Fidler in her appointment to lead Nvidia's new Toronto AI research facility.
    • ScribbleLive in connection with its $35 million expansion of financing and acquisitions of Appinions, Visually, Scompler and Linkdex; and in its acquisition of ion interactive, inc., an interactive content platform provider.
    • Sensibill in connection with all of its financings, including its $17 million Series A financing.
    • Statflo in its $12 million Series A financing.
    • Tencent in connection with its US$50 million investment in Kik.
    • The Rubicon Project in connection with its US$122 million acquisition of Chango by way of statutory arrangement.
    • ThoughtWire in its combined $20 million Series A and debt financing.
    • Turnstyle in its US$20 million sale to Yelp.
    • Uberflip in its US$32 million Series A financing.
    • Universe in connection with its sale to Ticketmaster.
    • Upchain in its $7.4 million Series A financing.
    • Verafin in connection with the $60 million financing by Spectrum Equity (the largest venture capital financing of an Atlantic Canadian software company).
    • Vision Critical in connection with its $76 million secondary sale financing lead by W Capital Partners and Georgian Partners.
    • Weathsimple in connection with its strategic relationship with, and planned investments by, Power Financial and its acquisition of ShareOwner; and its $65 million investment from Power Financial.
    • Xanadu in its $9 million Seed financing.
    • Zoom.ai in its acquisition of SimplyInsight; and in its $3.1 million Seed financing.
    • 360insights in its acquisition of Through-Channel.
    • 500px in its acquisition by Visual China Group.

     

    Other

    • General Motors of Canada in connection with its acquisition of Suzuki Corporation’s interest in CAMI Automotive.
    • Kinross in connection with its US$150 million strategic investment in Harry Winston and Harry Winston Diamond Limited Partnership and in its acquisition of Aurelian Resources by way of take-over bid.
    • Lundin Mining in connection with HudBay Minerals proposed acquisition by way of statutory arrangement.
    • Riverfront Medical Services in connection with its sale to SCM Insurance Services.
    • TMX Group in connection with the formation of FTSE TMX Debt Capital Markets joint venture with FTSE.
    • United States Steel in connection with its acquisition of Stelco for approximately $1.1 billion in cash by way of statutory arrangement.
    • WorleyParsons in connection with various Canadian acquisitions, including The Colt Companies for $1.035 billion in cash and exchangeable shares, WorleyParsons MEG, HG Engineering and Komex Engineering, and its joint venture with Cegertec.
  • Find More

Chambers

  • Chambers FinTech – Canada: Canada’s Leading Lawyers in FinTech, 2019: Spotlight Table.
    •  He is an influential figure in the Canadian FinTech ecosystem, and is described as "occupying a unique position in the market – he is famous in the tech scene." Chad is well thought of by his clients for his responsiveness, knowledge and deal-making expertise.
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2019: Band 1, Startups and Emerging Companies.
  • Chambers Canada: Canada's Leading Lawyers for Business, 2018: Startups and Emerging Companies.

Lexpert

  • The Canadian Legal Lexpert Directory, 2018: Corporate Mid-Market; Technology Transactions.
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, 2018: Corporate Mid-Market.
  • The Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada 2013: Lawyers to Watch.
  • Lexpert Rising Stars – One of Canada’s Leading Lawyers Under 40 (2012).

Best Lawyers

  • The Best Lawyers in Canada, 2019: Technology Law.

Expert Guides

  • Expert Guides: The Legal Media Group Guides to the World’s Leading Lawyers, 2018: Rising Stars.

  • Canadian Bar Association
  • Ontario Bar Association
  • Canadian Venture Capital Association