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Trevor R. Scott

Trevor R. Scott

Partner, Corporate


Contact Information

tscott@osler.com

tel: 604.692.2755

Office

Vancouver

Bar Admission

British Columbia, 1998

Education

University of British Columbia J.D.

Simon Fraser University B.B.A.

 

Language(s)
English

Trevor has extensive experience advising senior public and private companies, institutions, investment dealers, boards of directors and special committees on mergers & acquisitions (hostile and negotiated), equity and debt financings, restructurings, corporate governance and shareholder activism.

The Canadian Legal Lexpert Directory ranks Trevor as among the leading mergers & acquisitions, corporate finance & securities, corporate commercial and corporate mid-market lawyers.  He is also ranked by Best Lawyers in Canada as a leading mergers & acquisitions, corporate, corporate governance, securities and mining lawyer. For 2017, Trevor was recognized by Best Lawyers as “Lawyer of the Year” for corporate governance. 

Trevor is the Past Chair of the Canadian Bar Association’s National Business Law Section and a former Chair of the Securities Law Subsection of the Canadian Bar Association (BC). He is also a past member of the Securities Law Advisory Committee, which is a committee of leading lawyers that provides advice to the British Columbia Securities Commission on legal and policy issues relating to securities regulation.

Trevor regularly lectures and authors articles on mergers & acquisitions, corporate finance and shareholder activism.  He is a director of the Pacific Salmon Foundation.

  • 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

  • TransAlta Renewables Inc.

    The underwriters in the $150 million bought deal offering of TransAlta Renewables Inc. common shares by way of a prospectus supplement filed on June 15, 2018.

  • First Nations Finance Authority

    First Nations Finance Authority in its $138 million offering of Senior Secured Bonds

  • Province of British Columbia

    Underwriters in connection with $1.5 billion of bond offerings by the Province of British Columbia

  • Polaris Materials Corp.

    Special Committee of the Board of Directors of Polaris Materials Corp. in its sale to U.S. Concrete, Inc. for $310 million

  • First Nations Finance Authority

    First Nations Finance Authority in its $126,000,000 offering of 3.05% Senior Secured Bonds, Series 2017-1, due June 1, 2028

  • Andrew Peller Limited

    Andrew Peller Limited in its acquisition of three British Columbia Wineries

  • Mergers and Acquisitions

    • $1.4 billion acquisition of Whistler Blackcomb Holdings Inc. by Vail Resorts, Inc.
    • Acquisition of MTT Innovation Incorporated by Barco NV
    • Acquisition of Contigo Systems Inc. by Vecima Networks Inc.
    • Acquisition of Helm Operations (E-Doc Systems Group) by ClassNK
    • $139 million acquisition of Pacific Northern Gas Ltd. by Alta Gas Ltd.
    • $50 million issuer bid by A&W Revenue Royalties Income Fund
    • Acquisition of Backstage Technologies Inc. by RealNetworks Inc.
    • $417 million combination of Ram Power, Inc., GTO Resources Inc., Polaris Geothermal Inc. and Western GeoPower Corp., and concurrent $180 million subscription receipt financing.
    • US$915 million acquisition of Aspreva Pharmaceuticals Corporation by Galenica Group
    • Acquisition of Blast Radius Inc. by WPP Group
    • $75 million acquisition of TIR Systems Ltd. by Philips Electronics Ltd.
    • Amalgamation of the Fraser Port Authority, North Fraser Port Authority and Vancouver Port Authority (as counsel to Transport Canada)
    • US$580 million supported take-over of AnorMED Inc. by Genzyme Corporation (which was preceded by a supported take-over bid by Millenium Pharmaceuticals, Inc. and an unsolicited take-over bid by Genzyme Corporation – the first hostile take-over bid in the North American biotechnology industry)
    • $168 million acquisition by Glacier Ventures International Corp. of publication assets of Hollinger International
    • $151 million take-over of Regalito Copper Corp. by Pan Pacific Copper Co, Ltd.
    • US$855 million acquisition by QLT Inc. of Atrix Laboratories, Inc.
    • $389 million take-over of Guinor Gold Corporation by Crew Gold Corporation
    • Reverse take-over by Multiactive Software Inc. of Wheat Hills Resources Inc. and related $13 million public financing
    • Merger of AirIQ Inc. and eDispatch.com Wireless Data Inc.
    • Acquisition by NxtPhase Corporation of the APT Power Technologies Division of Vansco Electronics Ltd.


    Public Financings – Equity

    • $57.5 million public offering of subscription receipts by Hardwoods Distribution Inc.
    • Three public offerings by Interfor Corporation for approximately $210 million (including a $66.3 million subscription receipt offering) (as underwriters’ counsel)
    • $19.2 million secondary offering by block trade of A&W Revenue Royalties Income Fund
    • $70 million secondary offering by A&W Revenue Royalties Income Fund
    • $51 million secondary offering of Westport Innovations Inc. (as selling shareholder’s counsel)
    • $113 million initial public offering in Canada and the U.S. (on the Toronto Stock Exchange and NASDAQ) of Aspreva Pharmaceuticals Corporation (the then largest initial public offering by a Canadian biotechnology corporation)
    • Four private placement offerings by Crew Gold Corporation for approximately $389 million (including a US$150 million subscription receipt offering)
    • US$100 million Canadian shelf prospectus and U.S. registration statement by AnorMED Inc.
    • $192 million secondary offering for Catalyst Paper Corporation (as selling shareholder’s counsel)
    • $144.1 million initial public offering by Hardwoods Distribution Income Fund and the related acquisition of a Canadian and United States hardwoods distribution business for $162.8 million
    • $443 million initial public offering of Alberta Newsprint Fund and the related acquisition of an interest in a paper mill (as underwriters’ counsel)
    • $38 million public offering by WGI Heavy Minerals Incorporated
    • $26 million secondary offering for Pacific Northern Gas Ltd.
    • $82 million initial public offering by The Keg Royalties Income Fund and the related acquisition of intellectual property rights for $114.2 million (as underwriters’ counsel)
    • $83 million initial public offering by A&W Revenue Royalties Income Fund and the related acquisition of intellectual property rights for $153.9 million
    • US$3 billion multiple securities Canadian shelf prospectus and U.S. registration statement by 360networks inc.
    • US$722 million initial public offering in Canada and the U.S. (on the Toronto Stock Exchange and NASDAQ) by 360networks inc. (the then largest initial public offering by a Canadian technology company)
    • Two public offerings by eDispatch.com Wireless Data Inc. for $45.3 million
    • Two public offerings by AnorMED Inc. for $55.5 million (as underwriters’ counsel)
    • $20 million public offering by Stressgen Biotechnologies Corporation (as underwriters’ counsel)

     

    Public Financings – Debt

    • 32 bond offerings by the Province of British Columbia (as agents’/underwriters’ counsel) for approximately $23.5 billion (including a CNY 3,000,000,000 ($559 million) bond offering, matching the then largest offering in Chinese Renminbi by a foreign government (November 2014), and a CNY 2,500,000,000 ($428 million) bond offering, representing the first offering by a foreign government in Chinese Renminbi and the then largest offering by a foreign issuer (November 2013))
    • Four bond offerings by the First Nations Finance Authority for $376 million
    • Seven bond offerings by British Columbia Ferry Services Inc. (as agents’/underwriters’ counsel) for approximately $1.5 billion (including a $250 million initial public offering and implementing a capital markets platform)
    • $350 million bond offering by Arrow Lakes Power Corporation (as agents’ counsel)
    • Six medium term note or bond offerings by FortisBC Inc. or related companies for $760 million
    • $182 million secured bond offering by Green Timbers Limited Partnership in connection with a P3 project for the RCMP headquarters in Surrey, British Columbia
    • $100 million initial debenture offering by the Vancouver Fraser Port Authority (as agents’ counsel)
    • Three bond offerings by Crew Gold Corporation for $305 million
    • US$172.5 million convertible senior note offering by QLT Inc.
    • Euro $200 million high-yield debt offering by 360networks inc.
    • Two high-yield debt offerings by 360networks inc. for US$1.1 billion
    • $16 million convertible bond offering by Crew Gold Corporation


    Venture Capital Financings

    • US$345 million venture capital financing by 360networks inc.
    • US$10 million venture financing by Adzilla Inc. and implementation of exchangeable share structure
    • US$7 million convertible debenture financing by NxtPhase Corporation
    • US$28 million venture capital financing by NxtPhase Corporation
    • $18 million venture capital financing by Protiva Biotherapeutics Inc.
    • $6 million bridge loan financing by NxtPhase Corporation
       

    Other Notable Transactions

    • $20 million asset backed credit facility for Hardwoods Distribution Inc.
    • $140 million syndicated credit facility for the First Nations Finance Authority and implementation of a capital markets platform
    • $100 million credit facility for the First Nations Finance Authority
    • $550 million commercial paper program by the City of Vancouver
    • conversion of Taiga Forest Products Ltd. to a stapled unit structure having a market capitalization of $215 million (as underwriters’ counsel)
    • $300 million commercial paper program by Westcoast Energy Inc.
    • US$8 million project facility with Standard Bank London Limited for Crew Gold Corporation
    • successful defence of unsolicited take-over bid by Proprietary Industries Inc. for eDispatch.com Wireless Data Inc.
    • US$23 million bridge loan facility for Western GeoPower Corp.
    • Successful removal of existing board of directors of Crew Gold Corporation and replacement with director nominees of dissident shareholder group
    • Expert witness for securities law matters in Silvercorp Metals Inc. v. Anthion Management LLC, Supreme Court of New York
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Lexpert

  • The Canadian Legal Lexpert Directory, 2018: Repeatedly Recommended, Corporate Commercial Law.
  • The Canadian Legal Lexpert Directory, 2018: Repeatedly Recommended, Corporate Finance & Securities.
  • Lexpert Leading Canadian Lawyers in Global Mining, 2016-2017.
  • Lexpert Leading Lawyers in Canada, 2016.
  • Lexpert Leading Cross-Border Lawyers, 2016.
  • Lexpert Canada’s Leading Energy Lawyers, 2016.
  • The Canadian Legal Lexpert Directory, 2011-2016: Repeatedly Recommended, Corporate Mid-Market.
  • The Canadian Legal Lexpert Directory, 2016: Repeatedly Recommended, Mergers & Acquisitions.
  • The Canadian Legal Lexpert Directory, 2015-2016: Repeatedly Recommended, Corporate Commercial Law.
  • The Canadian Legal Lexpert Directory, 2014-2016: Repeatedly Recommended, Corporate Finance & Securities.
  • The Canadian Legal Lexpert Directory, 2014: Consistently Recommended, Corporate Commercial Law.
  • The Canadian Legal Lexpert Directory, 2012-2013: Repeatedly Recommended, Corporate Commercial Law.
  • The Canadian Legal Lexpert Directory, 2012: Repeatedly Recommended, Mergers & Acquisitions.
  • The Canadian Legal Lexpert Directory, 2009-2010: Repeatedly Recommended, Corporate Commercial Law.
  • Lexpert Canada's Leading Lawyers Under 40, 2008.

Best Lawyers

  • The Best Lawyers in Canada, 2011-2019: Corporate Governance Practice.
  • The Best Lawyers in Canada, 2011-2019: Corporate Law.
  • The Best Lawyers in Canada, 2011-2019: Mergers & Acquisitions Law.
  • The Best Lawyers in Canada, 2011-2019: Mining Law.
  • The Best Lawyers in Canada, 2011-2019: Securities Law.
  • Best Lawyers "Lawyer of the Year," Corporate Governance Practice, 2017

Martindale-Hubbell

  • Martindale-Hubbell Ranking (BV), Distinguished Rating, 2017.

  • Past Chair of the Canadian Bar Association’s National Business Law Section·      
  • Former Chair of the Securities Law Subsection of the Canadian Bar Association (BC)·      
  • Past member of the Securities Law Advisory Committee, which is a committee of leading lawyers that provides advice to the British Columbia Securities Commission on legal and policy issues relating to securities regulation      
  • Director of the Pacific Salmon Foundation

  • Law Society of British Columbia   
  • Canadian Bar Association, British Columbia Branch 

Publications

Presentations

  • “Shareholder Activism - Current Trends and Developments” - Securities Superconference (2012)
  • “Corporate Finance – Trends in Debt Offerings” – Pipestone Conference (2011)
  • “Dealing with Shareholder Activism” – General Counsel’s Role in Maximizing Corporate Performance (2011)
  • “Business Acquisitions” – Canadian Corporate Counsel Association Training Camp (2010)
  • “Shareholder Activism: Motivations, Tools and Current Issues” – 4th Advanced Securities Compliance Course (2010)
  • “Selling Your Business” - Mergers and Acquisitions Seminar (2006)