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Chima  Ubani

Chima Ubani

Partner, Corporate


Contact Information

cubani@osler.com

tel: 514.904.5803

Office

Montréal

Bar Admission

Québec, 2008

Education
  • McGill University, LL.B/B.C.L.
  • McGill University, B.Sc. (Biochemistry)
Language(s)
English, French

Chima practises 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.

  • iNovia

    iNovia in RenoRun’s $22.5 million Series A financing

  • Information Venture Partners

    Information Venture Partners in Verafin's $515 million venture funding

  • Sensibill Inc & Radical Ventures

    Sensibill in its $41 million Series B capital raise

  • Xanadu Quantum Technologies Inc.

    Xanadu Quantum Technologies Inc. raises $32 million Series A for Quantum Cloud Computing Platform.

  • Radical Ventures L.P.

    Radical Ventures in the launch of a new $471 million fund.

  • Innovobot Inc.

    Innovobot in its investment in Heyday Technologies

  • iNovia Capital

    iNovia Capital in its $796 million financing for two new venture funds

  • MindBeacon Software Inc.

    MindBeacon Software Inc. in its Series A Financing Round

  • Integrate.ai and Real Ventures

    Integrate.ai in its Financing Round of US$30 million

  • Blockstream Corporation

    Blockstream Corporation in its $55 million Series A Financing

  • Element AI Inc.

    Element AI in its $137 million Series A financing

  • Luxury Retreats International Inc.

    Represented Luxury Retreats International Inc. in its acquisition by Airbnb Inc.

    • 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.
  • Find More

  • Best Lawyers: Ranked in Best Lawyers in Canada: Private Funds Law

  • Barreau du Québec
  • Canadian Bar Association

  • The ABCs of selling a business, Montreal Gazette, December 17, 2010.
  • Getting over the hurdle: Understanding private equity funds, Montreal Gazette, November 17, 2010.

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