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Michael  Innes

Michael Innes

Partner, Corporate

Co-Chair: Capital Markets

Contact Information

tel: 416.862.4284



Bar Admission

Ontario, 2001

Massachusetts, 1998

  • University of Toronto, LL.B.
  • University of Waterloo, B.A.Sc.

Michael is a partner and co-chair of Osler’s Capital Markets Group, is chair of the Firm’s Audit Committee and is a former member of the Firm’s Partnership Board. He has been nationally and internationally recognized as a leading capital markets and cross-border corporate lawyer in Canada.

Michael’s practice focuses on capital markets, mergers and acquisitions, private equity and general corporate matters. He has advised clients in transactions involving the private placement and public offering of debt and equity securities, take-over bids, plans of arrangement, private equity fund formations and leveraged buy-outs. He has also advised various pension funds in their investment activities and various private equity funds in connection with their formation and investment activities. 

Michael has provided corporate, M&A and securities law advice to issuers and market participants in the electricity, telecommunications, media, automotive, robotics, life sciences, financial, pension, benefits, real estate, semiconductor, mining, printing, food and general technology sectors.

  • goeasy Ltd.

    The underwriters in the $46.46 million bought deal offering of goeasy Ltd. common shares by way of a prospectus supplement filed on October 1, 2018

  • Caterpillar Financial Services Limited

    The dealers in an offering of medium term notes by Caterpillar Financial Services Limited

  • TELUS Corp.

    The Underwriters in TELUS Corporation's offering of 4.6% notes for US$750 million

  • Hydro One Inc.

    Hydro One Inc. in its $1.4 billion offering of Medium Term Notes

  • Maple Leaf Foods Inc.

    Maple Leaf Foods Inc. in its acquisition of select poultry assets from Cericola Farms

  • goeasy Ltd.

    Wells Fargo Securities and BMO Capital Markets, as representatives for the initial purchasers, in a high yield notes offering by goeasy Ltd.

  • Hydro One Limited

    Hydro One in its proposed $6.7 billion acquisition of Avista

  • Hydro One Limited

    Hydro One Limited in its offering of $1.4 billion 4.00% convertible unsecured subordinated debentures represented by installment receipts.

  • TELUS Corp.

    Syndicate of underwriters in TELUS Corp's debt offerings

  • Corporate Finance

    • Initial public offering of Hydro One Limited by way of secondary offering of the Province of Ontario of 89,250,000 common shares for aggregate gross proceeds of $1.83 billion (acted for Issuer).
    • Offerings by Hydro One Inc. of $350 million 1.62% Notes due 2020, $228 million Floating Rate Notes due 2019 and $350 million 4.17% Notes due 2044 (acted for Issuer).
    • Offerings by Rogers Communications Inc. of US$300 million 3.625% Senior Notes due 2025, US$1,050 million 5.0% Senior Notes due 2044, $250 million Floating Rate Senior Notes due 2017, $400 million 2.8% Senior Notes due 2019 and $600 million 4.0% Senior Notes due 2024 (acted for Agents).
    • Cross-border MJDS Offerings by Telus Corporation of $250 million 1.5% Senior Notes, Series CS due 2018, $1 billion 2.35% Senior Notes, Series CT due 2022, $500 million 4.40% Senior Notes, Series CU due 2046 and $600 million 3.75% Senior Notes, Series CV due 2026 (acted for Agents).
    • Offering by American Express Canada Credit Corporation of $575 million 2.31% Notes due 2018 (acted for Issuer).
    • Offerings by Shoppers Drug Mart Corporation of $225 million 2.01% Notes due 2016 and $275 million 2.36% Notes due 2018 (acted for Issuer).
    • Various bond offerings by General Motors Financial of Canada, Ltd., OPB Finance Trust, Ventas Canada Finance Limited, The Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. (acted for Issuer).
    • Cross-border MJDS Offering by Barrick Gold Corporation of 108,962,500 common shares for aggregate gross proceeds of $4.026 billion (acted for Underwriters).
    • Initial public offering by Genworth MI Canada Inc. of 49,774,100 common shares for aggregate gross proceeds of $945 million (acted for Underwriters).

    Mergers & Acquisitions

    • Hydro One Inc. in connection with its agreement to acquire Great Lakes Transmission LP for $222 million in cash and the assumption of $151 million of indebtedness.
    • Maple Leaf Foods Inc. in connection with the disposition of its 90% interest in Canada Bread Company, Limited for aggregate proceeds to Maple Leaf of $1.65 billion.
    • Maple Leaf Foods Inc. in connection with its purchase of substantially all of the assets of The Puratone Corporation through a CCAA process.
    • Maple Leaf Foods Inc. in connection with the disposition of its turkey breeding, hatching and growing operations.
    • Glamis Gold Ltd. in connection with its US$21.3 billion plan of arrangement with Goldcorp Inc. and in connection with its previous $2.9 billion unsolicited hostile take-over bid for Goldcorp Inc.
    • ThyssenKrupp AG in connection with its $5.3 billion take-over bid for Dofasco Inc.

    Private Equity

    • Canada Pension Plan Investment Board in connection with investments in private equity funds located in Canada, the United States and Europe.
    • Mesirow Financial in connection with the offering of limited partnership interests of various private equity funds in Canada.
    • Ares Management LLC in connection with the offering of limited partnership interests of various private equity funds in Canada.
    • NAV Canada Pension Plan in connection with investments in various private equity funds located in Australia, Canada and the United States.
  • Find More


  • Chambers Canada: Canada’s Leading Lawyers for Business, 2017-2019: Capital Markets: Debt & Equity (Nationwide - Canada)
  • Chambers Global: The World’s Leading Business Lawyers, 2018-2019: Capital Markets: Debt & Equity


  • The Canadian Legal Lexpert Directory, 2014-2019: Corporate Finance & Securities
  • The Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada, 2014-2017: Corporate Finance & Securities

Legal 500

  • The Legal 500, 2019: Leading Lawyer, Capital Markets


  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2013-2019: Highly regarded, Capital Markets

Who’s Who Legal

  • Who’s Who Legal: Canada - Capital Markets 2018

Acritas Stars

  • Acritas Stars, 2018-2019: Star Lawyer

  • Canadian Bar Association
  • Law Society of Ontario
  • Massachusetts Board of Bar Overseers

  • 2012 Corporate Finance Review, Osler Capital Markets Review 2012, January 2013.
  • High Yield Debt – A New Form of Capital in Canada, Osler Capital Markets Review 2010, January 2011.
  • Recent Legislative Changes Encouraging for Foreign Private Equity Investment in Canadian Companies, Osler Corporate Review, November 2007.