10 LEXPERT
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2019
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WWW.LEXPERT.CA
Chernin, Lawrence S. Goodmans LLP
(416) 597-5903 lchernin@goodmans.ca
Mr. Chernin has over 25 years' experience in Canadian and international
M&A, public company and private-equity transactions. He has acted for
issuers and underwriters in connection with public offerings including debt
and cross-border offerings. He has provided advice on many significant M&A
transactions, plans of arrangements and take-over bids, and advised special
committees of public companies.
Cherniawsky, QC, Donald N. Felesky Flynn LLP
(780) 643-3060 dcherniawsky@felesky.com
With his CA designation and LLB, Mr. Cherniawsky's practice involves providing
ongoing income tax planning advice to private corporations and their shareholders
on business expansion and business sale transactions, and owner-manager
compensation. He teaches for CPA Alberta and CBA Tax Law For Lawyers,
with a focus on recently enacted, significant legislative changes.
Chatwin, Keith R. Stikeman Elliott LLP
(403) 266-9088 kchatwin@stikeman.com
Mr. Chatwin is a partner in the Capital Markets and Mergers & Acquisitions
Groups. His practice involves a broad array of securities and general
corporate transactions, ranging from public and private debt and
equity financing to mergers & acquisitions, corporate restructuring and
recapitalizations, and shareholder activism and defence.
Chamberland, Jean-Pierre Fasken Martineau
DuMoulin LLP (514) 397-5186 jchamberland@fasken.com
Mr. Chamberland is responsible for the Québec Region Securities and
Mergers & Acquisitions practice group. He practises business law and helps
clients achieve their strategic and commercial objectives. He specializes
in securities and financing, mergers & acquisitions, governance, structured
products and commercial transactions.
Chadwick, Robert J. Goodmans LLP
(416) 597-4285 rchadwick@goodmans.ca
Mr. Chadwick focuses on corporate, banking, private equity, insolvency,
reorganizations and related litigation and M&A on national, cross-border and
international matters. He represents a diverse client group including debtors,
monitors, noteholders, industry regulators, governments, private-equity
firms, and lenders in high profile restructurings across Canada's key
industry sectors.
Cattanach, J. Rory Wildeboer Dellelce LLP
(416) 361-4766 rory@wildlaw.ca
Mr. Cattanach practises primarily in the areas of securities, corporate
finance, corporate governance corporate/commercial, M&A, and
banking law. He acts for a variety of early stage and mature technology,
biotechnology, telecom and traditional economy companies (both Canadian
and international) and has been involved in numerous public and private
financings and secured lending transactions.
LEXPERT-RANKED LAWYERS
BC Hydro was represented in-house by Vicki
Antoniades (Project Manager, Power Acquisitions
and Contract Management), and was assisted by
a team from Lawson Lundell LLP led by Lana
Shipley, and comprised of Gordon Craig, Jeff
Scobie and Jada Tellier (M&A/Energy), Christine
Kowbel (Environmental), Ed Wilson (Real Prop-
erty), Valerie Mann (Competition), Jeff Christian
and Clara Ferguson (Regulatory), Keith Bergner
(Aboriginal), and Mandeep Dhaliwal and Brenda
Lightbody (Financing ). Deanna King of Brace-
well LLP also assisted with respect to certain US
legal matters.
5
BSR Real Estate
Investment Trust IPO
BSR Real Estate Investment Trust completed its
initial public offering of 13,500,000 trust units at
a price of US$10.00 per unit for gross proceeds of
US$135 million.
In connection with the offering, the REIT in-
directly acquired a 48-property portfolio of mul-
tifamily garden-style residential properties (one
of which is to be acquired following closing of the
offering ) located across five bordering states in the
Sunbelt region of the United States, held indirect-
ly by BSR Trust, LLC (BSR). e net proceeds of
the offering were used by the REIT to repay ap-
proximately US$122.3 million of indebtedness
owing by BSR and to fund transaction costs asso-
ciated with the offering.
e offering was underwritten by a syndicate of
underwriters led by BMO Capital Markets, and
included CIBC Capital Markets, RBC Capital
Markets, Scotiabank, TD Securities Inc., National
Bank Financial Inc., Raymond James Ltd., Canac-
cord Genuity Corp., Desjardins Securities Inc.,
Industrial Alliance Securities Inc. and Echelon
Wealth Partners Inc. e REIT granted the un-
derwriters an over-allotment option, exercisable in
whole or in part at any time up to 30 days aer the
closing of the offering, to purchase up to an addi-
tional 2,025,000 units at a price of US$10.00 per
unit which, if exercised in full, would increase the
total gross proceeds to US$155,250,000.
e net proceeds of the over-allotment option,
to the extent exercised, will be used by the REIT
for capital expenditures on the initial properties,
to repay indebtedness or for future acquisitions.
On closing of the Offering, existing members
of BSR retained an aggregate approximate 66-per-
cent ownership interest in the REIT and will re-
tain an aggregate approximate 63-per-cent own-
ership interest in the REIT if the over-allotment
