Lexpert Special Editions

32 www.lexpert.ca Big Deals COMPILED BY ZENA OLIJNYK AND BERNISE CAROLINO its investment program. is follows the $15-million CAD Series A financing, raised by CBGF and BGF in July 2019. Appnovation is a full-service digital consultancy with Canadian offices in Vancouver, Quebec and New Brunswick, as well as a total of 15 offices across the Americas, Europe and Asia-Pacific. Appnovation will use the proceeds from this investment to continue its global expan- sion and growth strategy, which includes scaling teams in strategic global markets as well as potential acquisitions. Miller omson LLP advised Appnova- tion in the transaction with a team led by Philipp Park (corporate/M&A), Aimee Halfyard and Carol Bai (corporate/M&A). Bennett Jones LLP acted for CBGF with a team led by Jonathan McCullough, Lisa Stew- art, Laura James and Anu Nijhawan (tax). Stikeman Elliott LLP acted for EDC with a team that included Samantha Horn and Precia Darshan. NUVEI CORPORATION CLOSES TSX'S LARGEST TECH IPO CLOSING DATE: SEPT. 22, 2020 Nuvei Corporation, the payment tech- nology partner of thriving brands, closed a $833-million initial public offering, repre- senting the largest technology IPO in TSX history by both equity capital raised and market capitalization at the time of listing. e IPO consisted of a treasury offering by Nuvei and a secondary offering by certain funds managed by Novacap Management Inc. (Selling Shareholders) of an aggregate of 26,923,077 subordinate voting shares of Nuvei at a price of US$26 per share, for aggregate gross proceeds of US$805 million, with Nuvei and the Selling Shareholders receiving gross proceeds of US$730 million and US$75 million, respectively. Concurrently with the closing of its initial public offering, Nuvei closed a direct private placement of subordinate voting shares to certain employees, customers, suppliers and other business partners worldwide for aggre- gate gross proceeds of US$28.4 million. e offering was made through a syndi- cate of underwriters led by Goldman Sachs Canada Inc., Credit Suisse Securities (Canada), Inc., BMO Capital Markets and RBC Capital Markets, as joint active bookrunners, and Citigroup Global Markets Canada Inc. and Merrill Lynch Canada Inc., as bookrunners, and National Bank Financial Inc., Scotiabank, TD Securities Inc., CIBC Capital Markets, Raymond James Ltd., Cowen and Company, LLC, Stifel Nicolaus Canada Inc. and William Blair & Company, L.L.C. Fasken Martineau DuMoulin LLP acted as Canadian counsel to Nuvei with a team comprising Caitlin Rose, Jean Michel Lapierre, Guillaume Saliah, Matthew Quadrini, Alexandra Lazar, Marie-Chris- tine Valois, Alexandra Freedman, Paul Khoury, Gemma Caprio, Alain Ranger, Michel Boislard, Nicolas Faucher, Neil Kra- vitz, Elise Renaud, Carolina Fusco, Andrea Kruyne and Ursula Romatowska. Davis Polk & Wardwell LLP acted as U.S. counsel to Nuvei with a team com- prising Byron B. Rooney, Marcel Fausten, Hillary A. Coleman, David Giron, Jai R. Massari, Ryan Johansen, William A. Cur- ran, Elina Khodorkovsky, Robert A. Cohen and Daniel F. Forester. Davies Ward Phillips & Vineberg LLP acted as counsel to the Selling Share- holders and Caisse de dépôt et placement du Québec with a team comprising Olivier Désilets, Élodie Fon, and Jonathan Godin. McCarthy Tétreault LLP acted as Can- adian counsel to the syndicate of underwriters with a team led by Clemens Mayr and which included Vincent Laurin (business). Ropes & Gray LLP acted as U.S. counsel to the syndicate of underwriters with a team comprising William Michener, Kelly Finn, Rachel Lehmen and Lucas Sutherland. Stikeman Elliott LLP acted as Can- adian counsel to Philip Fayer, founder and CEO of Nuvei, with a team comprising Warren M. Katz and Barbara Sheng. VISA INC. COMPLETES US$3.25- BILLION OFFERING OF SENIOR NOTES CLOSING DATE: AUG. 17, 2020 On Aug. 17, Visa Inc. completed an aggregate of US$3.25 billion of senior notes, which included US$500 million of 0.750 per cent senior notes due 2027, US$1.0 billion of 1.100 per cent senior notes due 2031 and US$1.750 billion of 2.000 per cent senior notes due 2050. e proceeds of the offering of the notes are to be used by Visa for certain "eligible green projects" and for general corporate purposes. e offering was made through a syndi- cate of underwriters consisting of BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Standard Chartered Bank, TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., Loop Capital Markets LLC, Guzman & Company, Mischler Financial Group, Inc., Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC. Norton Rose Fulbright Canada LLP acted as Canadian counsel to Visa with a team that included Troy Ungerman, Pierre Dagenais, and Sean Williamson. Davis Polk & Wardwell LLP advised Visa in the U.S. with a team that included David Li and John H. Runne. Kirkland & Ellis LLP advised the under- writers with a team that included Zoey Hitzert and Asher Qazi. > TECHNOLOGY DEALS

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